老师让我们阅读一篇英文文献,但由于有一些知识还没学,再加上英文不够好,一些地方怎么也不明白.1.TheresultingteststatisticsarereportedinTable2andclearlyconfirmthatthenullofnocointegrationcannotbe

Question

老师让我们阅读一篇英文文献,但由于有一些知识还没学,再加上英文不够好,一些地方怎么也不明白.
1.The resulting test statistics are reported in Table 2 and clearly confirm that the null of no cointegration cannot be rejected in any case.Thus,we feel legitimized in proceeding by estimating VAR models in first differences,i.e.using the return series.2.More precisely,all nearby futures series are constructed by rolling over on the same day that the previous contract

Answer 1

经济学的不怎么准确,仅供参考：试验统计的结果罗列表格二中,它清楚的证实了空无的协整分析在任何情况下都不能被拒绝（否认）.因此,我们觉得进行合法化VAR模型评估的第一差异,是使用收益率序列.2.更确切地说,所有近期...