If ECt in my error correction model are -0.50, can i interpreted the value as shows below?

Kautsar Hilmi Izzuddin @Kautsar-Izzuddin

07 May 2024 0 1K Report

interpretation:

the dependent and independent variables in my study are mutually integrated with the short term disturbances will be corrected every year by 50 percent, so it will need 2 years to be corrected in the long term?

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