Koyck transformation

This video explains what is meant by the Koyck transformation in econometrics; as a means to converting an AR(1) process to an MA(infinite lag) process. It also provides an intuition as to why these two are necessarily equivalent.

Check out http://oxbridge-tutor.co.uk/undergrad... for course materials, and information regarding updates on each of the courses. Check out https://ben-lambert.com/econometrics-... for course materials, and information regarding updates on each of the courses. Quite excitingly (for me at least), I am about to publish a whole series of new videos on Bayesian statistics on youtube. See here for information: https://ben-lambert.com/bayesian/ Accompanying this series, there will be a book: https://www.amazon.co.uk/gp/product/1...