Question: Based on the regression output in Exhibit 1, the first-differenced series used to run Regression 2 is consistent with: A. a random walk. B. covariance
Based on the regression output in Exhibit 1, the first-differenced series used to run Regression 2 is consistent with:
A. a random walk.
B. covariance stationarity.
C. a random walk with drift.
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