Question: Statchostics (a) Explain why the MA(1) model is not unique. (b) Describe the LjungBox test and how it is used in the modelling of stochastic
Statchostics

(a) Explain why the MA(1) model is not unique. (b) Describe the LjungBox test and how it is used in the modelling of stochastic processes. (c) Why should we use the principle of parsimony when selecting between models of a stochastic process
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