Economics · Time Series Econometrics

Consider the time series process y t - y t-1 = α + ε t , where ε t is a white noise process and α ≠ 0. Such a process is known as a:

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random walk process with drift

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Consider the time series process y t - y t-1 = &alpha; + &epsilon; t , where &epsilon; t is a white noise process and &alpha; &ne; 0. Such a process is known as a: