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How Many Parameters Are Necessary to Define an EWMA Model

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How many parameters are necessary to define an EWMA model


Definitions:

Excludable

A characteristic of a good or service that allows its owner to prevent others from using it, typically through the mechanism of property rights.

Rival in Consumption

A characteristic of a good whereby consumption by one individual prevents simultaneous consumption by another individual.

Rival in Consumption

A characteristic of goods whereby the consumption by one individual reduces the availability of the good for consumption by another individual.

Potato Chips

Thin slices of potato that are fried or baked until crisp and served as a snack.

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