Estimation for Autoregressive Processes with Unit Roots
Hasza, David P. ; Fuller, Wayne A.
Ann. Statist., Tome 7 (1979) no. 1, p. 1106-1120 / Harvested from Project Euclid
Let $Y_t$ satisfy the stochastic difference equation $Y_t = \sum^p_{j = 1}\eta_jY_{t - j} + e_t$ for $t = 1, 2, \cdots$, where the $e_t$ are independent identically distributed $(0, \sigma^2)$ random variables and the initial conditions $(Y_{-p + 1}, Y_{-p + 2}, \cdots, Y_0)$ are fixed constants. It is assumed the true, but unknown, roots $m_1, m_2, \cdots, m_p$ of $m^p - \sum^p_{j = 1}\eta_jm^{p - j} = 0$ satisfy $m_1 = m_2 = 1$ and $|m_j| < 1$ for $j = 3, 4, \cdots, p$. Let $\hat{\mathbf{\eta}}$ denote the least squares estimator of $\mathbf{\eta} = (\eta_1, \eta_2, \cdots, \eta_p)'$ obtained by the least squares regression of $Y_t$ on $Y_{t - 1}, Y_{t - 2}, \cdots, Y_{t - p}$ for $t = 1, 2, \cdots, n$. The asymptotic distributions of $\hat{\mathbf{\eta}}$ and of a test statistic designed to test the hypothesis that $m_1 = m_2 = 1$ are characterized. Analogous distributional results are obtained for models containing time trend and intercept terms. Estimated percentiles for these distributions are obtained by the Monte Carlo method.
Publié le : 1979-09-14
Classification:  Time series,  autoregression,  nonstationary,  differencing,  62M10,  62J05
@article{1176344793,
     author = {Hasza, David P. and Fuller, Wayne A.},
     title = {Estimation for Autoregressive Processes with Unit Roots},
     journal = {Ann. Statist.},
     volume = {7},
     number = {1},
     year = {1979},
     pages = { 1106-1120},
     language = {en},
     url = {http://dml.mathdoc.fr/item/1176344793}
}
Hasza, David P.; Fuller, Wayne A. Estimation for Autoregressive Processes with Unit Roots. Ann. Statist., Tome 7 (1979) no. 1, pp.  1106-1120. http://gdmltest.u-ga.fr/item/1176344793/