Question
Which of the following is true: A. The time series of SPY prices is (approximately) covariance stationary. B. The time series of SPY returns is
Which of the following is true:
A. The time series of SPY prices is (approximately) covariance stationary.
B. The time series of SPY returns is (approximately) covariance stationary.
C. The time series of SPY prices has an autocorrelation close to 0.
D. The time series of SPY returns has an autocorrelation close to 1.
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Fundamentals Of Investments Valuation And Management
Authors: Bradford D Jordan, Thomas W. Miller Jr., Steven D. Dolvin
6th Edition
0073530719, 9780073530710
