OECD Material Productivity data analysis 5 - Using R for testing AR(1) serial correlation.
Photo by Ken Cheung on Unsplash www.crosshyou.info This post follows above post. I add trend variable to static model. Althogh adding trend, GDP is still significant. So, I make three model, static model, finite distributed lag model and static + trend model.Let's check if there is serial correlati…
