Please help me Consider the time series data for the real consumption of households and government from year 1950 to year 2019. Five autoregressive models, AR(1) to AR(5), areestimated as follows, where the t statistics for the corresponding estimated coefficients are in the parentheses, and the size of the samples, n, used for each estimation isalso shown in the table.According to the AIC approach,is the optimal, and according to the BIC approach,_ is the optimal.AR(1)AR(2)AR(3)AR(4)AR(5)intercept5854.665041.075365.555689.507681.51t stat(2.44)(2.05)(2.13)(2.13)(2.82)rcon-10.820.920.920.920.92t stat(315.53)(9.49)(9.41)(9.33)(9.57)rcont-2-0.18-0.28-0.27-0.26t stat(-1.38)(-1.38)(-1.31)(-1.32)rcont-30.080.020.07t stat(0.64)(0.09)(0.32)rcont-40.06-0.32t stat(0.38)(-1.47)rconţ-50.34t stat(2.32)6565656565AIC18.3018.3018.3318.3618.29BIC18.3718.4018.4618.5218.50O A. AR(4); AR(1).O B. AR(4); AR(4).O C. AR(5); AR(1).O D. AR(5); AR(4).

AIC represents the Akaike's information criterion. The lowest value of AIC represents the best…

Answered: Consider the time series data for the…

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter4: Eigenvalues And Eigenvectors

Section4.6: Applications And The Perron-frobenius Theorem

Problem 25EQ

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