Figure 3

Regime switching AR(1) analysis for the toy example. In (a), the AIC and BIC values for the fitted models are tabulated, and in (b), the regime assignment for each time point based on the best model is displayed.

Regime switching AR(1) analysis for the toy example. In (a), the AIC and BIC values for the fitted models are tabulated, and in (b), the regime assignment for each time point based on the best model is displayed.