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Investor Presentaiton

• • ☑ ICTEDPS Methodological Framework & Modelling Distributed lags model (ARDL) has become more popular and preferred to other conventional co-integration approaches. ARDL is a two step procedure for investigating long run relationship; In the first step, long run relationship of the variables are checked; The second step is for long run as well as short run co- efficient of the variables are estimated The calculated F-statistic is compared with the two sets of critical values i.e. lower bound values and upper bound values; tabulated by Pesaran (1997) and Pesaran et.al.(2001). 13

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