In a VECM,
A) past values of Yt - ? Xt help to predict future values of ?Yt and/or ?Xt.
B) errors are corrected for serial correlation using the Cochrane-Orcutt method.
C) current values of Yt - ? Xt help to predict future values of ?Yt and/or ?Xt.
D) VAR techniques, such as information criteria, no longer apply.
Answer: A
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