T. K. Ajetunmobi

On Specification of Almon Distribued Lag Model in the Presence of Multicollinearity

In Almon distributed lag modeling, presence of multicollinearity, choice of appropriate approximating polynomial of suitable degree and choice of optimal truncation lag-length required for the implementation of Almon distributed lag model constitute three major problems confronting Almon distributed lag modeling.Given the fact that the choice of ap...