Cointegration refers to a statistical property indicating a stable, long-run relationship between two or more time series variables, despite short-term deviations.
A comprehensive overview of cointegration, its historical context, types, key events, mathematical models, and importance in various fields such as economics and finance.
An in-depth exploration of the Error Correction Model (ECM), used to estimate dynamic relationships between cointegrated variables and their adjustment rates to long-run equilibrium.
Johansen's Approach is a statistical methodology used to estimate Vector Error Correction Models (VECMs) and test for multiple cointegration relationships among nonstationary and stationary variables.
