In the covariance-stationary ARMA(1, 1), $ Y_t = 0.3 + 0.5Y_{t-1} - 0.6\epsilon_{t-1} + \epsilon_t $, where $ \epsilon_t \sim WN(0, \sigma^2) $, what is the long-run mean $ E[Y_t] $? | Financial Risk Manager Part 1 Quiz - LeetQuiz
Financial Risk Manager Part 1
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In the covariance-stationary ARMA(1, 1), Yt=0.3+0.5Yt−1−0.6ϵt−1+ϵt, where ϵt∼WN(0,σ2), what is the long-run mean E[Yt]?
