Recent content by Shaun Frost

the real output of a country(y,£M) is modelled as a function of real output of its construction industry (C,£) date quarterly over 15 years. A) the regession Yt= _ + _ Yt-1 yields a t-statistic of -0.4 on _ . the corresponding regression on Ct yields a t-stat of -1.2. explain the relevance of...