The BIC is a statistic
A) commonly used to test for serial correlation
B) only used in cross-sectional analysis
C) developed by the Bank of England in its river of blood analysis
D) used to help the researcher choose the number of lags in an autoregression
Answer: D) used to help the researcher choose the number of lags in an autoregression
You might also like to view...
The income and substitution effects of a change in the wage rate
a. always work in the same direction b. always work in opposite directions c. work in opposite directions only if the change is a decrease d. work in the same direction only if the change is an increase e. work in the same direction only if the change is a decrease
The Consumer Price Index (CPI) excludes goods imported from other countries and consumed by residents of the United States
a. True b. False