a. Define a first-order moving-average process in terms of the relationship between successive observations. b. What is
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b. What is a moving-average process a moving average of?
c. Describe the forecasts for two or more periods into the future of a first-order moving-average process in terms of the long-run mean value for the estimated model.
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a An observation of a movingaverage process consists of a constant the long...View the full answer
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