The distributed lag adjustment factor is constructed as the ratio of the estimated coefficient from the unconstrained distributed lag model to the estimated coefficient from the single-lag model reported in Schwartz (2000).
There is no need to make use an adjustment factor.
mnli hypothesis: There is no need to make use an adjustment factor. premise: The distributed lag adjustment factor is constructed as the ratio of the estimated coefficient from the unconstrained distributed lag model to the estimated coefficient from the single-lag model reported in Schwartz (2000).