Stationarity and Characteristic Roots

Autoregression process is stationary if all roots of characteristic equation

lie inside a unit circle of a complex plane, that is, |z| < 1.

If modulus of some roots equals to one (theoretically there can be roots more than one), the autoregression process is non-stationary.

See also:

Library of Methods and Models | Modeling Container: Characteristic Roots of AR and MA Processes