Question: What does an AR(1) process illustrate about the series Xt?Question 12AnswerA.Xtis independent of its past values.B.Xtis a linear function of its value at time t-1.C.Xtis

What does an AR(1) process illustrate about the series Xt?Question 12AnswerA.Xtis independent of its past values.B.Xtis a linear function of its value at time t-1.C.Xtis a non-linear function of the errors.D.Xtis a linear function of its value at time t-2.

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