Lecture Applied econometric time series (4e) - Chapter 5: Multiequation time-series models
Lecture Applied econometric time series (4e) - Chapter 5: Multiequation time-series models
This chapter’s objectives are to: Introduce intervention analysis and transfer function analysis, show that transfer function analysis can be a very effective tool for forecasting and hypothesis testing when it is known that there is no feedback from the dependent to the so-called independent variable,