 #1
 1
 0
Hello, I have a question on Autocorrelation of OLS model.
So I encountered a autocorrelation error, and use Cochrane  Orcutt Twostep Procedure(CORC) to fix it. And my OLS became GLS. And I have no idea how to interpret the coefficient on my initial X and Y with the new model. I mean something like, if X rise by 1 unit then Y rise by 3 units. Below are my real output
Please help me, thank you so much.
fyi: Y is outputs per hour ( productivity), X1 is wages/ week, X2 is working hours/week
So I encountered a autocorrelation error, and use Cochrane  Orcutt Twostep Procedure(CORC) to fix it. And my OLS became GLS. And I have no idea how to interpret the coefficient on my initial X and Y with the new model. I mean something like, if X rise by 1 unit then Y rise by 3 units. Below are my real output
fyi: Y is outputs per hour ( productivity), X1 is wages/ week, X2 is working hours/week
Attachments

12.1 KB Views: 572
Last edited by a moderator: