I just study about time series.
I want to ask about in AR(1), why the lag operator, L, need to be bigger than 1 for zt become stationary. And also when |L|>1, it is lie outside of the unit circle and zt is stationary.
I just study about time series.
I want to ask about in AR(1), why the lag operator, L, need to be bigger than 1 for zt become stationary. And also when |L|>1, it is lie outside of the unit circle and zt is stationary.