Suppose that in Problem 17 the approximation t <> -1 cannot be made, (i) Is the process a… 1 answer below »
Suppose that in Problem 17 the approximation t <>-1 cannot be made, (i) Is the process a process with independent increments? (ii) Is it stationary? (iii) Does it have stationary transition probabilities? (iv) Is it a Markov process?
