Hello.
I would like to test the relationship between the FTSE100 index and a variety of macroeconomic variables.
What is the difference between the VAR and VEC models in estimating the relationships and so how do I decide which one to use in my estimation. I am looking to do the Cointegration and Granger Causality Tests if that makes a difference.
Kind Regards.
Ihtesham.
_________________________________________________________________
Windows Live Messenger: Thanks for 10 great years—enjoy free winks and emoticons.
http://clk.atdmt.com/UKM/go/157562755/direct/01/
*
* For searches and help try:
* http://www.stata.com/help.cgi?search
* http://www.stata.com/support/statalist/faq
* http://www.ats.ucla.edu/stat/stata/
