Question: Comment on the shape and features of the transition function in Exercise 7. Plot the function itself and the time series of the values of

Comment on the shape and features of the transition function in Exercise 7. Plot the function itself and the time series of the values of the transition function. If this function is very steep, it may be a SETAR model that is very similar to the STAR model that you propose in Exercise 7. Verify this claim?

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In Figure 8 we plot the logistic transition function and the corresponding time series of the values of the transition function calculated in Exercise ... View full answer

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