Suppose the temperature in Casablanca over the first three days of January are the same:
Jan 1st: heta_1 = 10^o Cθ1=10oC
Jan 2nd: heta_2 10^o Cθ210oC
(We used Fahrenheit in lecture, so will use Celsius here in honor of the metric world.)
Say you use an exponentially weighted average with eta = 0.5β=0.5 to track the temperature: v_0 = 0v0=0, v_t = eta v_{t-1} +(1-eta) heta_tvt=βvt−1+(1−β)θt. If v_2v2 is the value computed after day 2 without bias correction, and v_2^{corrected}v2corrected is the value you compute with bias correction. What are these values? (You might be able to do this without a calculator, but you don't actually need one. Remember what is bias correction doing.)