Question: Fit the switching model described in Example 6.15 to the growth rate of GNP. The data are in gnp and, in the notation of the

Fit the switching model described in Example 6.15 to the growth rate of GNP. The data are in gnp and, in the notation of the example, yt is log-GNP and ∇yt is the growth rate. Use the code in Example 6.17 as a guide.

Section 6.9

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