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Use the following information to answer Questions 2 and 3 Consider the following AR model for the variable yt : yt=1+0.6yt1+t where t is an
Use the following information to answer Questions 2 and 3 Consider the following AR model for the variable yt : yt=1+0.6yt1+t where t is an i.i.d. white noise process with variance 2=4. Question 2 (1 point) The value of E(yt) is: Your Answer: Answer Question 3 (1 point) The value of cov(yt,yt1) is: Your
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