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Model simplification and variable selection: A Replication of the UK inflation model by Hendry (2001)

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Figure

Table 1: Comparison of Hendrys’ estimates and the replication results
Table 2: BACE posterior inclusion probabilities and posterior estimates of regression coefficients for the GUM52
Table 3: BACE posterior inclusion probabilities and posterior estimates of regression coefficients for the GUMId
Table 4: BACE posterior inclusion probabilities and posterior estimates of regression coefficients for the GUMfinal
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