## Abstract Residence time is a well known and widely used concept in the process industry, and its estimation is often needed to model or optimise a process. This study will demonstrate a new method using suitable measures of input and output data. There are two distinct characteristics of this me
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A comparison of estimators of output multipliers from incomplete input-output data
β Scribed by Joseph L. Katz; Roger L. Burford
- Publisher
- Springer
- Year
- 1981
- Tongue
- English
- Weight
- 566 KB
- Volume
- 15
- Category
- Article
- ISSN
- 0570-1864
No coin nor oath required. For personal study only.
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Introduction 1.1 According to the rational expectations hypothesis people form expectations as if they know the process which will ultimately generate the actual outcomes. In practice this means that when an economist formulates a stochastic economic model, 'rationality' is imposed by modelling expe