A Disadvantage of Univariate Time-Series Models and VARs Is

question 19

Multiple Choice

A disadvantage of univariate time-series models and VARs is

• A)they cannot be used easily to analyze the effects of monetary policy.
• B)they are based on classical, rather than Keynesian, economic theory.
• C)they provide poor forecasts.
• D)they are not based on data.

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Definitions:

Parallel

Existing or occurring at the same time without intersecting or directly affecting each other.

Serially

Pertaining to the sequential order in which items or events occur, one after the other.

Ecological Approach

An approach to the study of cognition emphasizing the natural contexts or settings in which cognitive activities occur and the influences such settings have on the ways cognitive activities are acquired, practiced, and executed.

Anthropology

The study of humans, human behavior, and societies in the past and present, focusing on cultural, social, and physical aspects.