A Process Is Stationary If

question 12

Multiple Choice

A process is stationary if:

• A)any collection of random variables in a sequence is taken and shifted ahead by h time periods; the joint probability distribution changes.
• B)any collection of random variables in a sequence is taken and shifted ahead by h time periods, the joint probability distribution remains unchanged.
• C)there is serial correlation between the error terms of successive time periods and the explanatory variables and the error terms have positive covariance.
• D)there is no serial correlation between the error terms of successive time periods and the explanatory variables and the error terms have positive covariance.

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Definitions:

Folkways

Informal norms or customs that guide everyday conduct and social interactions within a particular culture or community.

William Sumner

A pioneering American sociologist and economist known for his work on social Darwinism and folkways.

Social Control

Social control involves mechanisms, both formal and informal, that regulate individual and group behavior, aiming to conform to the norms and laws of a society.

Cultural Innovation

The introduction and adoption of new cultural practices, ideas, or objects, often leading to significant changes in society's norms and values.