Centered Seasonal Dummies
Posted: Sun Dec 25, 2011 12:44 pm
Hi
Can anyone explain why it is sometimes used in a cointegration context, and if it is applicable in a single long run equation (i.e, the Engle-Granger procedure).
Can anyone explain why it is sometimes used in a cointegration context, and if it is applicable in a single long run equation (i.e, the Engle-Granger procedure).