Question
Let (y1, y2, ..., yT ) be a sample of size T given by the following parametrization: yt = +yt1+ut and ut = 1ut1 +
Let (y1, y2, ..., yT ) be a sample of size T given by the following parametrization: yt = +yt1+ut and ut = 1ut1 + 2ut2 + 3ut3 + t where t iid Show that yt can be alternatively expressed as yt = + yt1 + 1yt1 + 2yt2 + 3yt3 + t where yti = yti yti1
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A Survey Of Mathematics With Applications
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
11th Edition
0135740460, 978-0135740460
