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Persistent link: https://www.econbiz.de/10001327463
Under stationarity, the heterogeneous stoahastic processes are the non-ergodic ones. We show that if a distributed lag is of finite order, then its coefficients are unconditional means of the underlying random coefficients. This result is applied to linear transformations of the process. The...
Persistent link: https://www.econbiz.de/10012478543
Persistent link: https://www.econbiz.de/10000911858
Under stationarity, the heterogeneous stoahastic processes are the non-ergodic ones. We show that if a distributed lag is of finite order, then its coefficients are unconditional means of the underlying random coefficients. This result is applied to linear transformations of the process. The...
Persistent link: https://www.econbiz.de/10012760070