Question

From the Bahrain private sector housing starts (X) for the period 1975 to 2015, Bader obtained the following regression results: âˆ†Xt = 20.03 â€“ 0.174Xt-1 se = (12.50) (-2.35) (t =) Ï„ (-2.35) Note: The 5 percent critical Ï„ value is -2.95 and the 10 percent critical Ï„ value is -2.60 Instructions: On the basis of these results, is the housing starts time series stationary or nonstationary? Alternatively, is there a unit root in this time series? How do you know? This is clear, especially for the Econometrics subject.

          From the Bahrain private sector housing starts (X) for the period 1975 to 2015, Bader obtained the following regression results:
âˆ†Xt = 20.03 â€“ 0.174Xt-1
se = (12.50) (-2.35)
(t =) Ï„ (-2.35)
Note: The 5 percent critical Ï„ value is -2.95 and the 10 percent critical Ï„ value is -2.60

Instructions:
On the basis of these results, is the housing starts time series stationary or nonstationary? Alternatively, is there a unit root in this time series? How do you know?
This is clear, especially for the Econometrics subject.

Added by Andrea S.

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