How to solve serially correlated residuals
Posted: Sun Feb 17, 2019 11:15 am
Hi guys, I am very new to e-views and am conducting a regression analysis on the log of imports and the log of gdp.
In running my regression I have noticed that the residuals are serially correlated am am trying to find a way to solve this.
I have tried conducting the regression with an ar(1) term, however, the residuals still appear to be serially correlated.
What other solutions can I try? If you could please explain how I can do this as well it would be appreciated, I am not very good at e-views yet but am getting better.
In running my regression I have noticed that the residuals are serially correlated am am trying to find a way to solve this.
I have tried conducting the regression with an ar(1) term, however, the residuals still appear to be serially correlated.
What other solutions can I try? If you could please explain how I can do this as well it would be appreciated, I am not very good at e-views yet but am getting better.