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Question 1 a) Distinguish between the following terms as used in Financial Modelling: (i) Deterministic trend and Stochastic trend (ii) ARMA process and ARIMA process
Question 1
a) Distinguish between the following terms as used in Financial Modelling:
(i) Deterministic trend and Stochastic trend
(ii) ARMA process and ARIMA process
(iii) VAR model and VECM model
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