In a VECM

question 47

Multiple Choice

In a VECM,

• A)past values of Y_t - θ X_t help to predict future values of ΔY_t and/or ΔX_t.
• B)errors are corrected for serial correlation using the Cochrane-Orcutt method.
• C)current values of Y_t - θ X_t help to predict future values of ΔY_t and/or ΔX_t.
• D)VAR techniques, such as information criteria, no longer apply.

---

Definitions:

Extrafamilial

Occurring or existing outside the family unit; involving persons who are not members of one's family.

Verbal Cues

Elements of communication expressed through spoken words that convey messages or suggestions, often used to signal or emphasize ideas.

Nonverbal Cues

Forms of communication without words, such as gestures, facial expressions, and body language, which convey messages or emotions.

Consent

The voluntary agreement to or approval of what is planned or done by another person.