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To show that two variables each with deterministic trend can lead to spurious regression, Charemza et al. obtained the following regression based on 30 observations

To show that two variables, each with deterministic trend, can lead to spurious regression, Charemza et al. obtained the following regression based on 30 observations 5.920.030X (9.9) (21.2) R2 0.92 d 0.06 a. What kind of trend does Y exhibit? and X?

Apr 30 2020 View more View Less

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