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Is it possible to find an econometric law that works well in explanation and prediction? The case of Australian money demand

✍ Scribed by Dr. P. A. V. B. Swamy; George S. Tavlas


Publisher
John Wiley and Sons
Year
1992
Tongue
English
Weight
1018 KB
Volume
11
Category
Article
ISSN
0277-6693

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✦ Synopsis


Pratt and Schlaifer's (1984, 1988) research employed in efforts to produce laws in economics are considered and their use in predicting future data is described. Data for Australia are used to illustrate the approaches.