AER (version 0.2-2)

Longley: Longley's Regression Data

Description

US macroeconomic time series, 1947--1962.

Usage

data("Longley")

source

Online complements to Greene (2003). Table F4.2. http://pages.stern.nyu.edu/~wgreene/Text/tables/tablelist5.htm

Details

An extended version of this data set, formatted as a "data.frame" is available as longley in base R.

References

Greene, W.H. (2003). Econometric Analysis, 5th edition. Upper Saddle River, NJ: Prentice Hall. Longley, J.W. (1967). An Appraisal of Least-Squares Programs from the Point of View of the User. Journal of the American Statistical Association, 62, 819--841.

See Also

longley, Greene2003

Examples

data("Longley")
library("dynlm")

## Example 4.6 in Greene (2003)
fm1 <- dynlm(employment ~ time(employment) + price + gnp + armedforces,
  data = Longley)
fm2 <- update(fm1, end = 1961)
cbind(coef(fm2), coef(fm1))

## Figure 4.3 in Greene (2003)
plot(rstandard(fm2), type = "b", ylim = c(-3, 3))
abline(h = c(-2, 2), lty = 2)