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Consequences, Detection And Forecasting With Autocorrelated Errors


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  • Product Description
Problem of autocorrelation arises if the assumption of the Classical Linear Regression Model that the errors terms are not autocorrelated is violated. As a consequence, the usual t, F, and ?2 tests cannot be legitimately applied. This text uses various econometric approaches to critically observe the associated problems. Graphical method; Durbin-Watson method; Breush-Godfrey method; and The Runs Test were used to detect existence of autocorrelation among residuals of econometric data. In correcting autocorrelation, the method of first-difference, based on Durbin-Watson d-statistic and the dynamic forecasting techniques were used. The result gave a significantly reduced estimated autocorrelation coefficient. This improves the efficiency of the forecast and the use of various statistics in making inference.
Product Specifications
SKU :COC14151
AuthorAdemola Adetunji and Olusoga Fasoranbaku
Number of Pages88
Publishing Year12/22/2012
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-24 00:00:00
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