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Obtain the mean lag and the long- and short-run multipliers for the following distributed lag models:
a. yt = 0.55(0.02xt + 0.15xt−1 + 0.43xt−2 + 0.23xt−3 + 0.17xt−4) + et.
b. The model in Exercise 5.
c. The model in Exercise 6. (Do for either x or z.) |
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