Maccini, Louis J. (contributor); … - 2004 - [Elektronische Ressource]
relationship
between inventories and the interest rate. Cointegration tests show that inventories and
the interest rate are … of the cointegration approach over
the simple test of means presented earlier is that it accounts for the effect of … production smoothing motive, we expect inventories to be
positively related to sales.
C. Cointegration Tests and Estimates …