lag operator

Show Summary Details

Quick Reference

A symbol used to denote lags of a variable:

Lytyt−1, L2ytL(Lyt) = yt−2,

etc. Standard rules of summation and multiplication can conveniently be applied to the expressions containing lag operators.

Subjects: Economics.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.