of 100 observations 0.49 -012Y,+0,54AY,. the numbers in parentheses are standard erors and where the number of lags was selected us Write your explanation

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In order to determine whether time series Y, contains a unit root, the following regression has been estimsted by OLS for a
sample of 100 observations
AY,0.49-0.12Y,-+0.54AY,.
where the numbers in parentheses are standard errors and where the number of lags was selected using the Bayes information
criterion (BIC). Does the series Y, contain a unit root? Explain your answer. Write your explanation in the box below
Transcribed Image Text:In order to determine whether time series Y, contains a unit root, the following regression has been estimsted by OLS for a sample of 100 observations AY,0.49-0.12Y,-+0.54AY,. where the numbers in parentheses are standard errors and where the number of lags was selected using the Bayes information criterion (BIC). Does the series Y, contain a unit root? Explain your answer. Write your explanation in the box below
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