Belaire-Franch, Jorge; Contreras, Dulce - In: Economics Bulletin 3 (2004) 23, pp. 1-17
Since time reversibility (TR) is a necessary condition for an independent and identically distributed (iid) sequence, several tests for TR have been suggested to be applied as tests for model misspecification. In this paper, we compare the power of two well known TR tests against two situations:...
