Question: Derive the equations for ETS (M, A, N): = yt = (lt-1 + bt-1)(1 + $t) [The measurement equation] lt = (lt-1 + bt-1)(1 +

Derive the equations for ETS (M, A, N):

Derive the equations for ETS (M, A, N): = yt =

= yt = (lt-1 + bt-1)(1 + $t) [The measurement equation] lt = (lt-1 + bt-1)(1 + aet) [The state equation for level] bt = bt-1 + a* (lt-1 + bt-1)t [The state equation for slope] =

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