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2. OLS estimation of AR(1): Consider the following AR(1) model: 3315 : a+p$t1 +615 Generate data from this model. Then estimate the model using ordinary

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2. OLS estimation of AR(1): Consider the following AR(1) model: 3315 : a+p$t1 +615 Generate data from this model. Then estimate the model using ordinary least squares. The estimated ,6 that you Will nd Will be biased. Write a simulation to study this bias. See if you can nd the functional form of the bias via simulation

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