Stationarity means that the
A) error terms are not correlated.
B) probability distribution of the time series variable does not change over time.
C) time series has a unit root.
D) forecasts remain within 1.96 standard deviation outside the sample period.
Answer: B) probability distribution of the time series variable does not change over time.
You might also like to view...
Continuing resolutions are: a. budget agreements that allow agencies, in the absence of an approved budget, to spend at the rate of the previous year's budget. b. guaranteed benefits for those who qualify for government transfer programs such asSocial Security and Medicare
c. agreements about total outlays, spending by major category, and expected revenues of the federal government. d. budget resolutions that allow the federal government to allocate a fixed proportion of yearly outlays toward military related expenditures. e. legislative actions undertaken to balance the budget.
If the output effect from increased production is larger than the price effect, then an oligopolist would increase production
a. True b. False Indicate whether the statement is true or false
Assume that all firms in this industry have identical cost curves, and that the market is perfectly competitive.
If S3 is the market supply curve, then each firm in this market will earn an economic loss of ________ per week.
A. $3,000 B. $1,000 C. $1,500 D. $2,000
Exhibit 12-1 Business cycle
?
In Exhibit 12-1, the recovery phase of the business cycle can be represented by points:
A. A. B. C. C. E to G. D. C to E.