lagged relationship

the relationship between two or more VARIABLES in different time periods. For example, the current value of a variable like consumption expenditure will depend upon income in the previous time period. Time is denoted by the letter t, with t - t being one period back and t + I being one period forward. Such a relationship between income and consumption can be written in the notational form:

where C_t = consumption in present period, Y_t - 1 = income in the previous period. See also LEADS AND LAGS, COBWEB THEOREM.

单词	lagged relationship
释义	lagged relationship lagged relationship the relationship between two or more VARIABLES in different time periods. For example, the current value of a variable like consumption expenditure will depend upon income in the previous time period. Time is denoted by the letter t, with t - t being one period back and t + I being one period forward. Such a relationship between income and consumption can be written in the notational form: where C_t = consumption in present period, Y_t - 1 = income in the previous period. See also LEADS AND LAGS, COBWEB THEOREM.
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