Skip to content

Commit

Permalink
Fixed typo
Browse files Browse the repository at this point in the history
  • Loading branch information
wmutschl committed Nov 7, 2024
1 parent 844fcf8 commit beb7a5e
Showing 1 changed file with 2 additions and 1 deletion.
3 changes: 2 additions & 1 deletion exercises/properties_ar1_solution.tex
Original file line number Diff line number Diff line change
Expand Up @@ -86,7 +86,8 @@
\item
\textbf{Unconditional Mean:}
\begin{align*}
E[y_t] &= E\left[\frac{c}{1-\phi}\right] + E\left[\sum_{j=1}^{\infty} \phi^j \varepsilon_{t-j}\right] = \frac{c}{1-\phi} \sum_{j=1}^{\infty} \phi^j E[\varepsilon_{t-j}]
E[y_t] &= E\left[\frac{c}{1-\phi}\right] + E\left[\sum_{j=1}^{\infty} \phi^j \varepsilon_{t-j}\right]
= \frac{c}{1-\phi} + \sum_{j=1}^{\infty} \phi^j E[\varepsilon_{t-j}]
\\
&= \underbrace{\frac{c}{1-\phi}}_{:=\mu}
\end{align*}
Expand Down

0 comments on commit beb7a5e

Please sign in to comment.