```
> library(ARDL)
To cite ARDL in publications use:
Kleanthis Natsiopoulos and Nickolaos Tzeremes (2020). ARDL: ARDL, ECM and Bounds-Test for Cointegration. R package version 0.1.0. University of Thessaly, Department of Economics. https://github.com/Natsiopoulos/ARDL.
Warning message:
package ‘ARDL’ was built under R version 3.5.3
>
> model1<-auto_ardl(LRM~LRY+ IBO + IDE, data = denmark,c(12,12,12,12))
> model1
$`best_model`
Time series regression with "zooreg" data:
Start = 1976 Q4, End = 1987 Q3
Call:
dynlm::dynlm(formula = full_formula, data = data, start = start,
end = end)
Coefficients:
(Intercept) L(LRM, 1) L(LRM, 2) L(LRM, 3) L(LRM, 4) L(LRM, 5)
13.2708 -0.3373 -3.3531 0.6041 0.6965 2.0990
L(LRM, 6) L(LRM, 7) L(LRM, 8) L(LRM, 9) LRY L(LRY, 1)
2.0103 0.1450 1.1687 -3.4715 1.3860 0.3083
L(LRY, 2) L(LRY, 3) L(LRY, 4) L(LRY, 5) L(LRY, 6) L(LRY, 7)
-0.8055 -1.1635 1.0926 -0.0366 1.3717 -3.2830
L(LRY, 8) L(LRY, 9) L(LRY, 10) L(LRY, 11) IBO L(IBO, 1)
0.7877 0.5564 -0.5068 1.0369 -5.6451 -3.1939
L(IBO, 2) L(IBO, 3) L(IBO, 4) L(IBO, 5) L(IBO, 6) L(IBO, 7)
3.6056 -3.9990 0.1311 -4.6058 4.0662 -1.1983
L(IBO, 8) L(IBO, 9) IDE L(IDE, 1) L(IDE, 2) L(IDE, 3)
10.0167 -2.5917 10.3494 -2.8335 -6.5646 0.3809
L(IDE, 4) L(IDE, 5) L(IDE, 6) L(IDE, 7) L(IDE, 8) L(IDE, 9)
-3.3850 7.5455 3.5291 -6.4006 0.3504 -3.2875
L(IDE, 10) L(IDE, 11)
-1.1122 -1.4755
$best_order
[1] 9 11 9 11
$top_orders
LRM LRY IBO IDE AIC
1 9 11 9 11 -Inf
2 9 12 9 11 -Inf
3 9 11 10 11 -Inf
4 9 11 9 12 -Inf
5 10 11 10 10 -Inf
6 10 11 9 10 -Inf
7 10 11 10 9 -Inf
8 10 12 10 10 -Inf
9 11 11 11 11 -Inf
10 11 10 11 11 -Inf
11 11 11 10 11 -Inf
12 11 11 11 10 -Inf
13 12 12 12 12 -Inf
14 9 11 9 10 -506.2717
15 10 10 10 10 -373.9267
16 9 11 8 10 -348.5484
17 9 10 8 10 -329.5281
18 9 10 8 9 -318.6756
19 9 10 9 9 -317.9162
20 9 9 9 9 -310.6831
```