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Dear all,

I am a beginner of Winbugs.

I have a question about the paper I mentioned days ago,i.e. "State Dependent Jump Models: How do U.S. Equity Markets jump?" (link to the file : http://www-1.gsb.columbia.edu/faculty/mjohannes/PDFpapers/sdj.pdf )

The question is how to write the following equation in Bugs luanguage?

r(t+1)=mu0+mu1*r(t)+sigma*epsilon(t+1)+c(t+1)*j(t+1).

(Attention:t and t+1 in "()" are actually subscripts,r(t+1)and r(t) are dayly log returns of time t+1 and t )

Is that r[t+1]<_mu0+mu1*r(t)+sigma*epsilon(t+1)+c(t+1)*j(t+1)?

Best regards!

Albert