Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key

image

Play button

image

Play button

image

Progress

1/5

Click to flip

5 Cards in this Set

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