Question: Write the equation of a smooth transition regression (STR) model by explaining the meaning of all notations. Explain the difference between a LSTR and

Write the equation of a smooth transition regression (STR) model by explaining

Write the equation of a smooth transition regression (STR) model by explaining the meaning of all notations. Explain the difference between a LSTR and a ESTR in terms of transition. Give an example of application of each of these two models.

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