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Chapter 11. Modeling (Optional) > Exercises - Pg. 353

Modeling (Optional) 353 140 Actual: Y t = 164 - 1.05Y t-1 120 100 80 Y t 60 40 20 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Time t Equilibrium Y Figure 11.19 A cyclically unstable autoregressive model. Table 11.1: The Crucial Parameter Value of Model