The data file Money UK contains observations from the United Kingdom on the quantity of money in millions of pounds (Y); income, in millions of pounds 1X12; and the local authority interest rate 1X22....

The data file Money UK contains observations from the United Kingdom on the quantity of money in millions of pounds (Y); income, in millions of pounds 1X12; and the local authority interest rate 1X22. Estimate the model (Mills 1978)

yt = b0 + b1x1t + b2x2t + gyt-1 + et

and write a report on your findings.

What can be concluded from the Durbin-Watson statistic for the fitted regression?