Interpretation of trend in two models

70 views Asked by At

I have estimated the following two models:

Δy_t=0.015−0.410Δy_{t−1}−0.220Δy_{t−2}

and

Δyt=0.400+0.00145t−0.150y_{t−1}−0.325Δy_{t−1}−0.220Δy_{t−2}

(Note that yt is the log of monthly trading volume.)

How can I interpret how each is modelling the trend?

0

There are 0 answers