3.4- Let Y1 = θ0 + ε1 and then for t > 1 deﬁne Yt recursively...

3.4- Let Y1 = θ0 + ε1 and then for t > 1 deﬁne Yt recursively by Yt = θ0 + Yt−1 + εt. Here θ0 is a constant. The process {Yt} is called a random walk with drift.

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milcah answered 1 month ago

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