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If ut refers to the error term at time 't' and yt - 1 refers to the dependent variable at time 't - 1',for an AR(1) process to be homoskedastic,it is required that:
Intoxicated
A state of being impaired, typically due to the consumption of alcohol or drugs, affecting one's cognitive and physical abilities.
Voidable Option
A contract provision that allows one party to void the contract under certain circumstances, making it enforceable at the discretion of one party.
Status Quo
The existing state of affairs or current condition or situation, which is often maintained or referred to in discussions of change.
Contract Creation
The process of forming an agreement between parties that is legally enforceable.
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