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Data COVID-19 Cases Daily Nov 2020-Jan 2021

new_cases
957
834
1054
1032
1009
1755
1168
852
972
869
822
919
1304
1114
1208
1103
1210
660
1290
958
1041
1096
1884
2188
970
935
1109
1315
1309
1212
1472
851
1075
1141
1123
1335
1600
1012
959
2234
1810
1937
1229
1371
1772
1295
1220
1683
1153
1340
2018
2062
1348
1581
1247
2335
1196
1594
1925
1870
2525
2068
2295
1704
1741
2027
2593
3027
2643
2451
2433
2232
3309
2985
3337
3211
4029
3339
3306
3631
4008
3170
3631
4275
3346
3048
3585
3680
4094
5725
5728
5298

QUESTION 1 By using data above using R software, estimate the error correction models (ECM) and interpret the results. Explain how X and Y are related in the short run and how they are reacting to the past equilibrium error. In estimating the ECM, you should explain how you have chosen the number of lags for each equation. [10 marks]

Your answer should include and attach software output. Write clearly the null and alternative hypotheses, the critical value, the level of significance, the distribution that you use and your decision.

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