I'm confused by the correlation equation.
I derived:
Beta * [ (1-Beta^(2t-2)) / (1-Beta^(2t)) ]^(1/2)
My equation almost matches the book except for the 1/2 power. It seems like they divided by Var(Y_t) instead of:
Root[ Var(Y_t)*Var(Y_t-1) ]
Can anyone confirm my answer?