Using Correlation to determine the best lag
Objectives
- Finding the optimal lag based on the correlation between series
- Using the Lag analysis
- Circling several values of a series
Solution
If you get stuck, use the video or worksheet to see what to do next.
If you need more detailed help, have a look at the learning resources below.
The Macrobond document is also available for download here.
Video (Note that since making this video we have further developed some elements in app and our structure of the data)
Learning resources for this case
Working with observation labels