Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/70413
Authors: 
Carter, R. A. L.
Zellner, A.
Year of Publication: 
2002
Series/Report no.: 
Research Report, Department of Economics, University of Western Ontario 2002-5
Abstract: 
We show that the use of prior information derived from former empirical findings and/or subject matter theory regarding the lag structure of the observable variables together with an AR process for the error terms can produce univariate and single equation models that are intuitively appealing, simple to implement, and work well in practice.
JEL: 
C11
C22
Document Type: 
Working Paper

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