D09-F03-A03 · GUIDED MULTIVARIATE LAB
VECM
Learn to estimate short-run changes and equilibrium adjustment under a supplied rank-one cointegration vector.
Rank-one VECM with beta normalized to beta[0]=1, one lag of differences, an unrestricted intercept, and conditional OLS estimation. Synthetic results demonstrate the contract; they do not identify a real economic shock or prove forecasting value.
Stage 1 of 5