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A strictly stationary process (or time series) is one whose joint distribution is constant over time shifts. A weakly stationary (or covariance stationary) process or series is one whose mean and covariance function (variance and autocorrelation function) do not change over time.
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What exactly is meant by "constant autocorrelation structure" in the definition of stationar...
I have come across the term "constant autocorrelation structure" in every definition of stationarity but I have not been able to find an explanation of this phrase. …