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Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
Edition 3ISBN: 978-9352863501Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
Edition 3ISBN: 978-9352863501 Exercise 5
Suppose that Y, follows a stationary AR(1) model with 0 = 0 and 1 = 0.7. If Y t = 5, what is your forecast of Y t+2 (that is, what is Y t +2| t ) What is Y t+h|t for h = 30 Does this forecast for h = 30 seem reasonable to you
Explanation
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Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
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