RDP 2003-01: Business Surveys and Economic Activity Equation (3)

Δ G D P_{i t} = α_{i 0} + \sum_{j = 1}^{6} α_{i j} Δ G D P_{i t - j} + \sum_{k = 1}^{6} β_{i k} B C_{i t - k} + u_{i t}