Question 8: To confirm this, show that f( p() ly(")) = f(p(") ly(t ), y (t-1)) _ f( y) [p()) f(p( )| t-1) fly (t ) ly (t-1) ) (7) You need to detail your reasoning to obtain this equation. Note that the denominator on the right-hand side of Eq. (7) does not depend on p(), i.e. f(p()ly()) is proportional to f(y() |p() )f(p()lyt-1). (1 Mark)