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FRED - Dow Jones Industrial Average 32.000 30,000 28,000 26,000 24,000 2 22.000 20,000 18,000 16,000 14,000 2016-01 2016-07 2017-01 2017-07 2018-01 2018-07 2019-01 2019-07

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FRED - Dow Jones Industrial Average 32.000 30,000 28,000 26,000 24,000 2 22.000 20,000 18,000 16,000 14,000 2016-01 2016-07 2017-01 2017-07 2018-01 2018-07 2019-01 2019-07 2020-01 2020-07 Source: S&P Dow Jones Indices LLC fred.stlouisfed.org The daily Dow Jones Industrial Average (DJIA) data from January 2016 to July 2020 is plotted in the above graph: 3. Does DJIA look like a stationary process? Explain. 4. How would you do to convert the DJIA data into a stationary time series

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