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What Are the Advantages and Disadvantages of VAR Models

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What are the advantages and disadvantages of VAR models?


Definitions:

Skewed To The Right

A distribution where the tail on the right side of the histogram is longer or fatter than the left side, indicating that the majority of data points are concentrated to the left.

Incomes

The monetary payment received for work or through investments.

Large Firms

Businesses or corporations that operate on a large scale in terms of revenue, employees, or market presence, often influential in their industries.

Stacked Bar Chart

A graphical representation of data where different categories are stacked on top of each other within bars, showing the total and the composition of the total.

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