Chapter 11: Causality Tests for the Danish Egg Market
Formulation of the VARMA Model for the Egg Market Data
Causality Tests of the Total Market Series
Granger Causality Tests in the VARMAX Procedure
Causality Tests of the Production Series
Causality Tests That Use Extended Information Sets
Estimation of a Final Causality Model
Introduction
In this chapter, some historical time series for the Danish egg market are analyzed. The analysis is intended to study the interdependence between the price of eggs and the production of eggs. Economic theory says that increasing prices lead to increasing production, and increasing production leads to decreasing ...
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