following the estimation of the income elasticity of demand. During this analysis, utilize the logarithmic transformations of PCE (Personal Consumption Expenditures) and PDI (Personal Disposable Income). Could you please provide the calculated cointegrating coefficient and its interpretation? > A) The calculated cointegrating coefficient is -0.09, indicating that there is a lagged adjustment of PCE to DPI. Approximately 9 percent of the difference between long-term and short-term PCE is corrected within a quarter. > B) The calculated cointegrating coefficient is -0.069, indicating that there is a lagged adjustment of PCE to DPI. Approximately 6.9 percent of the difference between long-term and short-term PCE is corrected within a quarter. > C) The calculated cointegrating coefficient is -0.08, indicating that there is a lagged adjustment of PCE to DPI. Approximately 8 percent of the difference between long-term and short-term PCE is corrected within a quarter. > D) The calculated cointegrating coefficient is -0.020, indicating that there is a lagged adjustment of PCE to DPI. Approximately 2 percent of the difference between long-term and short-term PCE is corrected within a quarter. > E) The calculated cointegrating coefficient is -0.012, indicating that there is a lagged adjustment of PCE to DPI. Approximately 1.2 percent of the difference between long-term and short-term PCE is corrected within a quarter.
following the estimation of the income
> A) The calculated cointegrating coefficient is -0.09, indicating that there is a lagged adjustment of PCE to DPI. Approximately 9 percent of the difference between long-term and short-term PCE is corrected within a quarter.
> B) The calculated cointegrating coefficient is -0.069, indicating that there is a lagged adjustment of PCE to DPI. Approximately 6.9 percent of the difference between long-term and short-term PCE is corrected within a quarter.
> C) The calculated cointegrating coefficient is -0.08, indicating that there is a lagged adjustment of PCE to DPI. Approximately 8 percent of the difference between long-term and short-term PCE is corrected within a quarter.
> D) The calculated cointegrating coefficient is -0.020, indicating that there is a lagged adjustment of PCE to DPI. Approximately 2 percent of the difference between long-term and short-term PCE is corrected within a quarter.
> E) The calculated cointegrating coefficient is -0.012, indicating that there is a lagged adjustment of PCE to DPI. Approximately 1.2 percent of the difference between long-term and short-term PCE is corrected within a quarter.
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