Question: Show that (15.26) implies S t 1 = e r E Q [S t |F t1 ] (15.26) xr-h + x,-r-5 h, + vh,ze

Show that (15.26) implies St€“1= e€“rEQ[St|Ft€“1]

(15.26)

Δxr-h + Δx,-r-5 h, + vh,ze

xr-h + x,-r-5 h, + vh,ze

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