RDP 8601: Classical Models and Unobserved Aggregates Equation (8)

z ^ t = z t +β y t +γ p t +δ B t + μ t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGabmOEayaaja WaaSbaaSqaaiaakshaaeqaaOGaeyypa0JaaOOEamaaBaaaleaacaGI 0baabeaakiabgUcaRiabek7aIjacqcOI5bWaiajGBaaaleacqcOaia jGkshaaeqcqciakiabgUcaRiabeo7aNjacadOIWbWaiamGBaaaleac adOaiamGkshaaeqcadiakiabgUcaRiabes7aKjacqcOIcbWaiajGBa aaleacqcOaiajGkshaaeqcqciakiabgUcaRiabeY7aTnaaBaaaleaa caGI0baabeaaaaa@5E9D@