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5 Cards in this Set
- Front
- Back
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random walk
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the current value of each variable is equal to its lagged value plus a white noise error term
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recursive estimation
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beginning with a small sample of data, estimating a model, adding an observation and re-estimating, and continuing until the sample is exhausted
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recursive residuals
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use the recursive estimation to forecast one step ahead, the ______ are the forecast errors
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distributed lag model
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a model in which the left hand variable depends on past values of itself
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vector autoregression
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the left hand side variable is regressed on lags of itself and every other variable
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