In this paper we consider a family of penalized likelihood criteria for determining the rank of the cointegration space, the number of lags, and the form of the intercept in vector autoregressions ...

The graphs of \(y = 2x + 1\) and \(y = 2x - 2\) are shown below. The graph of \(y = 2x + 1\) crosses the \(y\)-axis at (0, 1). The graph of \(y = 2x - 2\) crosses the ...