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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