Question: Explain what stylized shapes would be expected for the autocorrelation and partial autocorrelation functions for the following stochastic processes i) white noise ii) AR(2) iii)

Explain what stylized shapes would be expected for the autocorrelation and partial autocorrelation functions for the following stochastic processes

i) white noise

ii) AR(2)

iii) MA(1)

iv) ARMA (2,1)

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