Error Correction VECM
Posted: Tue Nov 29, 2016 8:20 am
Hi,
I have this Table and I need to explain the numerical values, and interpret them.
Is there an error correction mechanism?
https://imgur.com/a/f95Oo
And I don't know how to interpret these values.
Before that I had a
VAR Residual Serial Correlation LM Tests https://imgur.com/a/fqWHy, I concluded that there was no serial correlation (because the p-value are >5% for every lag except for lag = 3). Am I right?
A Trace Test https://imgur.com/a/VPLQr
We can reject the null hypothesis "None", and so that there's one cointegrated equation because the p-value > 0.05 (at most 1) so we can't reject the null hypothesis. Am I right?
Thanks in advance (and sorry for my english)
I have this Table and I need to explain the numerical values, and interpret them.
Is there an error correction mechanism?
https://imgur.com/a/f95Oo
And I don't know how to interpret these values.
Before that I had a
VAR Residual Serial Correlation LM Tests https://imgur.com/a/fqWHy, I concluded that there was no serial correlation (because the p-value are >5% for every lag except for lag = 3). Am I right?
A Trace Test https://imgur.com/a/VPLQr
We can reject the null hypothesis "None", and so that there's one cointegrated equation because the p-value > 0.05 (at most 1) so we can't reject the null hypothesis. Am I right?
Thanks in advance (and sorry for my english)