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Consider the Following Data Generating Process for a Series Yt

Question 22

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Consider the following data generating process for a series yt: Consider the following data generating process for a series y<sub>t</sub>:   Which one of the following most accurately describes the process for y<sub>t</sub>? A)  A random walk with drift B)  A non-stationary process C)  A deterministic trend process D)  An explosive process. Which one of the following most accurately describes the process for yt?


A) A random walk with drift
B) A non-stationary process
C) A deterministic trend process
D) An explosive process.

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