Refer to Table 12.1.
a. Plot £, against £t-1 fort = I. .... 10 on a graph. How is the positive first-order autocue relation in the error terms shown by the plot?
b. If you plotted α, against £t-1 for t = I ..... 10, what pattern would you expect?
Table 12.1
![](https://test.transtutors.com/qimg/e73ecc5a-5abd-4b7f-b45b-62cb3990480e.png)