The aim of this paper is to examine the measurement of persistence in a range of time series models nested in the framework of Cramer (1961). This framework is a generalization of the Wold (1938) decomposition for stationary time series which, in addition to accommodating the standard I(0) and...

The use of techniques of exploratory data analysis and model criticism represent important stages in many statistical investigations. One of the attractive features of a Bayesian analysis is that it can lend itself well to graphical summary. To produce this graphical summary it is generally...