Time Series Econometrics Using Microfit 5.pdf -

The output appeared:

The PDF explained: "The error correction term (ECT) measures the speed of adjustment back to equilibrium after a shock." Time series econometrics using Microfit 5.pdf

But the short run? That’s where the ghost hid. Microfit 5 made the Error Correction Model (ECM) seamless. From the same VAR output, she clicked View → Long Run Form (ECM) . The output appeared: The PDF explained: "The error