Tut5 stationarity
Upcoming SlideShare
Loading in...5
×
 
  • 732 views

Explains how to do an ADF test of the stationarity of data in EViews

Explains how to do an ADF test of the stationarity of data in EViews

Statistics

Views

Total Views
732
Views on SlideShare
732
Embed Views
0

Actions

Likes
0
Downloads
70
Comments
0

0 Embeds 0

No embeds

Accessibility

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Tut5 stationarity Tut5 stationarity Presentation Transcript

  • ECON321 Economic Analysis Tutorial 5 Time series issues: Stationarity
  • Introduction
    • The lecture on chapter 16 explains that it is important to make sure that your data is stationary before you estimate a regression model – if your data are non-stationary the results are spurious.
      • A first step is to plot your variables. If the series are trending upward or downward over time, you have to be concerned.
      • The next step is to do the ADF test for every variable.
    • The example is of the effects of inflation and budget deficits on interest rates.
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
    • Once you are estimating with stationary time series the next concern is structural breaks. Save your workfile and continue…