Econometric study notes - lagged variables
## Definition:
lags amount is lagging economy, mainly in the time series model, the current data will be affected by the preliminary data, it will be so many economic phenomena, such as this year's monetary policy next year will likely show the effect, again For example, cobweb models in economics.
In other words: that is, the time span of the additional effect, the old saying called a profound impact. . . Delay worked.
For example:
you are this month's consumption, influenced not only by cost and revenue this month, is also affected by last month's income and other flowers chanting.