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A lag of 4 or 5 might be sufficient, and using a lower lag might not illustrate the temporal dependency.
A lag of five years is used for all models.
A lag of 0 days (lag 0) corresponds to the current-day PM2.5, and a lag of 1 day (lag 1) refers to the previous-day PM2.5.
And changes in the Fed funds rate had an inverse effect on the economy, with a lag, of course.
Part of the problem is that higher interest rates filter through the economy with a lag of many months.
Those restrictions could be loosened, but any tinkering would come into effect only after a lag, of say three days.
Likewise loose credit feeds into fast growth only after a lag (of up to nine months, by some estimates).
The authors pointed out that a lag of 20 years is expected because criminality peaks for individuals in their 20s.
"There was a lag of several weeks that I think — that I think shouldn't have happened," Mr. Obama said.
For instance, references to "1880," which peaked in that year, fell to half by 1912, a lag of 32 years.
There is always a lag of a few weeks between a rise in crude oil prices and a corresponding climb in retail prices.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com