I am not sure about the word "steady-value" here.
But I assume it is the long run time average of the time series
For an ergodic time series, it will converge to
Note the white noise process satisfy, and by the stationarity
we have
Taking expectation on both sides, rearranging terms will yield the desired equation.





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![r_L = E[r_t] r_L = E[r_t]](/~talkmath/tex/img/d458c34f19b55a17448e4e787b943408-1.gif)
![E[e_t] = 0 E[e_t] = 0](/~talkmath/tex/img/5af3b919696f51392bda2aac287d3b2a-1.gif)
![E[r_t] = r_L \forall t E[r_t] = r_L \forall t](/~talkmath/tex/img/c6a0359c531d28cbe977c24bb99245a5-1.gif)
