What is the sample mean of a time series if the AR(1) process with autoregressive coefficient 0.4 estimated from that series has intercept 1.2?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 1.2CE: Plot the logarithm of arrivals for each transportation mode against time, all on the same graph....
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What is the sample mean of a time series if the AR(1) process with autoregressive coefficient 0.4 estimated from that series has intercept 1.2?

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