[Solved] The lag length in a VAR using the BIC proceeds as follows: Among a set of candidate values of p,the estimated lag length xxxis the value of p A)For which the BIC exceeds the AIC B)That maximizes BIC(p) C)Cannot be determined here since a VAR is a system of equations,not a single one D)That minimizes BIC(p) Cultural Factors: Elements influenced by a society's culture, traditions, and practices that can affect behavior, perceptions, and interactions. Business Communications: The exchange of information, both verbal and written, used to promote an organization's goals, ideas, and objectives. Multinational Company: null Planning Stage: The phase in a project or process where objectives are defined, strategies are developed, and resources are allocated.