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Sometimes the symbol B for backshift is used instead.
"Backshift" redirects here.
It was re-released on CD by Backshift Records in 2000 and included six extra tracks recorded live on a continental tour towards the end of the band's existence.
When the polynomial division on the right side is carried out, the polynomial in the backshift operator applied to has an infinite order-that is, an infinite number of lagged values of appear on the right side of the equation.
With these time-dependent conditional expectations, there is the need to distinguish between the backshift operator (B) that only adjusts the date of the forecasted variable and the Lag operator (L) that adjusts equally the date of the forecasted variable and the information set:
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