Dear All, I am learning R and Time Series Econometrics for the first time. I have doubt regarding cointegration specification criteria. The problem follows:
test1 <- ca.jo(data1,ecdet="const",type="trace",K=2,spec="transitory")---When to specify transitory test1 <- ca.jo(data1,ecdet="const",type="trace",K=2,spec="longrun")..when to specify long-run With regards, Upananda [[alternative HTML version deleted]] ______________________________________________ R-help@r-project.org mailing list https://stat.ethz.ch/mailman/listinfo/r-help PLEASE do read the posting guide http://www.R-project.org/posting-guide.html and provide commented, minimal, self-contained, reproducible code.