Discuss the statistical properties of the series by (i)calculating relevant summary statistics of the WTI returns (also known as log price changes).
Financial Econometrics QUESTION 1.Conduct all your statistical tests at the 5% level for this question.You are given the quarterly data of U.K. Consumer Price Index (CPI) over the period 1960Q1 to 2019Q2. The data file name is “CPI.xls”. Calculate the logarithmic change of the price series, i.e., ∆cpit= cpit- cpit-1, where cpitis the natural logarithm […]