This is a preview. Log in through your library . Abstract This paper proposes a consistent test for the goodness-of-fit of parametric regression models that overcomes two important problems of the ...

This paper introduces tests for the null of cointegration in the presence of I(1) and I(2) variables. These tests use residuals from Park's (1992, Econometrica 60, 119-143) canonical cointegrating ...

I model gold prices using structural multivariate regression models through four different parametric approaches (OLS, t-distribution, quantile regression, and log-normal). Higher US inflation, a ...

This article describes the use of OLS regression analysis to build a fairly simple model that can estimate the price of crude oil. Due to the volatile nature of oil due to short-term speculation, ...

Economists develop economic models to explain consistently recurring relationships. Their models link one or more economic variables to other economic variables (see “Economic Models,” p. 8). For ...

ECONOMISTS develop economic models to explain consistently recurring relationships. Their models link one or more economic variables to other economic variables (see “What Are Economic Models,” F&D, ...