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7. What are the model assumptions of the following process and the corresponding model param- eters? Is the following model stationary? Is it invertible? Justify

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7. What are the model assumptions of the following process and the corresponding model param- eters? Is the following model stationary? Is it invertible? Justify your answers. Xt + 1.5Xt-1 = Wt - 0.5Wt-1 + 0.06Wt-2 where We is a sequence of i.i.d. normal random variables with mean zero and variance 1. (10 points)

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