Postings after Lecture 5 and Seminar 3 exercises

I have posted a short "review of Lecture 5" exercise (with answer to the first question).

Also Lecture note number 3, which gives the argument for                 VAR --> ADL in more detail  than in the slides to Lecture 5. Be sure to study also ¡ì 14.1 in HN carefully, since it gives the argument directely in terms of the likelihood function of the VAR and derives the partial likelihood function associated with the ADL model

The exercise set to Seminar 3 has also been posted.

Ragnar