#m249 #mathematics #open-university #statistics #time-series
Suppose that the time series Xt can be described by an additive non-seasonal model with a linear trend component, that is,
Xt = m + bt + Wt , where b is the slope of the trend component mt = m + bt.
Note that
Xt+1 = m + b(t +1) + Wt+1
=(m + bt) + b + Wt+1
= mt + b + Wt+1
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