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Question: σ 2 t = β 0 + β 1 σ 2 t - 1 + λ 1 ε 2 t -1 (a) Interpret parameter 1 and 1 in model (1) and derive the long-term unconditional variance. (b) What
You are required to provide an essay or report of approx 500 words or less (excluding attachments and references), accompanied by relevant calculations, in MS Word orPDF format ac
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