New ARDL models revolutionize time series analysis for diverse applications!
The article discusses the Autoregressive Distributed Lag (ARDL) model and its evolution from analyzing autocorrelated trend stationary processes to studying cointegrated non-stationary time series. Recent developments include new versions like asymmetric and nonlinear ARDL models, the quantile ARDL model, pooled mean group dynamic panel data model, and spatio-temporal ARDL model.