yt afyt-1 utut et ?et-1 where et is, Microeconomics

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yt afyt-1 utut et ?et-1 where et is

yt =a+fyt-1 +ut, ut =et +?et-1,
where et is independent white noise

assume the process is stationary. Will OLS generally provide you with consis- tent point estimates of f? Can you give conditions under which it will? Provide the asymptotic distribution of OLS under these assumptions.

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