Abstract
Previous work on this topic goes back to Wicksell (1907)1) who takes into consideration uncorrelated random numbers in order to explain business cycle motions. Later, Yule (1927) and Slutzky (1937) apply an autoregressive and a moving average scheme, respectively. They show that these series have many of the apparent cyclic properties which characterize economic time series.
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© 1980 Springer-Verlag Berlin Heidelberg
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Wolters, J. (1980). The Linear Dynamic Econometric Model. In: Stochastic Dynamic Properties of Linear Econometric Models. Lecture Notes in Economics and Mathematical Systems, vol 182. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-95379-8_1
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DOI: https://doi.org/10.1007/978-3-642-95379-8_1
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-10240-3
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