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QUESTION
Show the roadmap of how to model the data according to whether it is stationary or non - stationary , and of whether the data is cointegrated or not
i) Show the roadmap of how to model the data according to whether it is stationary or non-stationary, and of whether the data is cointegrated or not cointegrated.
ii) Show cointegration graphically.
iii) Explain the different components of an ECM.
iv) Explain the test for cointegration. State the hypotheses.
Show the roadmap of how to model the data accordingto whether it is stationary or non - stationary , and ofwhether the data is cointegrated or not cointegrated1 ) Show cointegration graphically1 1 ) Explain the different components of an ECMin ) Explain the test for cointegration State thehypotheses