The minimum lag for the exogenous variable

If you’re at all interested in the final 40 pages of the doctorate manuscript I’m currently proofreading [it was lots of fun last evening, after work], here is a small sample for your delectation:

The minimum lag for the exogenous variable is determined through a contemporaneous structure, using a non-synchronism correction matrix (Table 5.1-2) and maximum lag is obtained from the maximum detected lag where the cross-correlation coefficient is found to be significant in s-statistics of the Cheung and Ng (1996) CCF causality test. The estimation is based on full sample data (3130 observations). The rejection of the causality hypothesis at 5% and 1% level of significance are represented by marks * and ** respectively. Mark “A” represents a case where the CCF causality test is not detected, by cross-correlation, to be significant in s-statistics, thus, models (21& 22) are not applied. Mark “B” represents a case where the convergence of estimated models is not achieved. Mark “-“ displays not applicable cases in Panel B and Panel D, where oil price cannot be adjusted on itself.

So there!

7 comments for “The minimum lag for the exogenous variable

  1. Rossa
    October 17, 2010 at 10:30

    Love it when you talk dirty!

  2. October 17, 2010 at 10:55

    Bloody hell…

  3. dearieme
    October 17, 2010 at 11:21

    There are those who say that the secret of successful proof-reading is to read the stuff backwards.

  4. October 17, 2010 at 11:52


  5. Patrick Harris
    October 17, 2010 at 17:35

    My head hurts, It’s one of those instances where I read a couple of lines, think I’ve got it, read another line and have to go back to the beginning for contextual purposes and in doing so forget what was said in the third line, hence the headache.

  6. October 17, 2010 at 22:35

    Zzzzz… 😉

  7. Russ
    October 20, 2010 at 22:56

    no comments…

Comments are closed.