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Non-stationarity and ARIMA(p,d,q) Processes

  • John D. Levendis
Chapter
Part of the Springer Texts in Business and Economics book series (STBE)

Abstract

Up until now we have been looking at time series whose means did not exhibit long-run growth. It is time to drop this assumption. After all, many economic and financial time series do not have a constant mean. Examples include: the US GDP per capita, the US CPI, the Dow-Jones Industrial Index, and the share price of Google.

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Copyright information

© Springer Nature Switzerland AG 2018

Authors and Affiliations

  • John D. Levendis
    • 1
  1. 1.Department of EconomicsLoyola University New OrleansNew OrleansUSA

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