Example of estimating simple 2step ECM in Stata in timeseries analysis for beginners

This video extends the discussion of ECM models from video (Basics of Error Correction Equations ...) and whose applications are the development of quantile ARDL model (Making Outlier and Distribution Robus...).
In this video we explored how to check for the model to be spurious and how to make ECM equation.

• #education
• #ecm_model
• #2step_ecm
• #convergence
• #unit_root_test
• #lag_order
• #long_run
• #short_run