Using a model we call
Stationarity Assessment, Part I explores how legal fields are structured and sustained based on assumptions about the variability of natural, social, and economic conditions, and how disruptions to that regime of variability can lead to the emergence of new fields of law and policy.
If the test generates evidence of
stationarity for the nominal exchange rate, which is generally known to be non-stationary, the covariate that yielded the rejection is disregarded and excluded from the CPT tests of the real exchange rate.
We take caution in drawing too much inference from results from any one test on its own but, taken together, a preponderance of the evidence would seem to suggest strong evidence of the
stationarity of these 18 industry-specific interest rates.
Stationarity testing problem of traffic with Long Range Dependence (LRD) is a hard problem and is a subject of many researches: [2, 4, 5, 6] and others.
The KPSS unit root test proposed by Kwiatkowski, Phillips, Schmidt, and Shin (1992) has the opposite null hypothesis to the Dickey and Fuller (1979) unit root test with
stationarity under the null.
Experiment 1: High
Stationarity Buttons in Non-Determinant Problems
To complement this, we applied the LM
stationarity test with a structural break, which was studied by Lee and Strazicich (2001), Busetti and Harvey (2001), Kurozumi (2002) or Presno and Lopez (2003a).
However, there might be structural breaks in mid-1996 and at the beginning of 2001, so formal tests are needed to confirm
stationarity.
Assessment of time-series attributes such as
stationarity.
The pre-requisite of cointegration test is the
stationarity of each individual time series over the sample period.
For instance, in economics covariance
stationarity is often used, or asymptotic covariance
stationarity can be used if one wishes to avoid taking a stand on initial conditions.
Alternatively, if the ACF of sample dies out for higher lag is an indication for
stationarity.