The model = β 0 + β 1 y t - 1 + ε t is known as a(n)_______.

This model is an autoregressive model with lag 1, since it includes the term β 1 y t - 1 which is a current value of y and a lagged value of y. The other terms in the model are just constants and do not affect the autoregressive nature of the model.

The model = β 0 + β 1 y t - 1 + ε t is known as a(n)_______.

This model is an autoregressive model with lag 1, since it includes the term β 1 y t - 1 which is a current value of y and a lagged value of y. The other terms in the model are just constants and do not affect the autoregressive nature of the model.

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The Model = β₀ + β₁y_{t -}₁

Question 116

Multiple Choice

The model The model = β0 + β1yt - 1 + εt is known as a(n) _______. A) quadratic trend model B) autoregressive model AR(1) C) linear trend model D) exponential trend model = β₀ + β₁y_{t -}₁ + ε_tis known as a(n) _______.