The role of time series analysis in the
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J. A. Longbottom; S. Holly
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Article
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1985
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John Wiley and Sons
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English
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This paper compares the properties of a structural model-the London Business School model of the U.K. economy-with a time series model. Information provided by this type of comparison is a useful diagnostic tool for detecting types of model misspecification. This is a more meaningful way of proceedi