Re: Letter form Bob Solow

["Lonnie K. Stevans" <ACSLKS@xxxxxxxxxxxxxxxxx>]

I am sorry, but the process you describe just does not make sense.  When the

experiment was replicated 100 times, I would like to know in how many of those

cases did the graduate students or Yaglom find a unit root?

 

Lonnie K. Stevans

acslks@xxxxxxxxxxx

>>> pdavidso pdavidso@xxxxxxx> 11/12/02 11:26PM >>
between Yaglom and graduate students replicating the experiment it was done
more than 100 times -- with the original columns showing unit root (would you
expect anything welse from two columns of random numbers?)

And the n-th difference sowing statistical significance.

So your argument about a type II error in all these cases just does not hold
water.

Paul

Paul Davidson
Editor, Journal of Post Keynesian Economics
University of Tennessee
SMC 523
Knoxville, Tennessee 37996-0550
phone # (865)974-4221; fax #(561)737-8262;
email pdavidson@xxxxxxx
http://econ.bus.utk.edu/davidsonextra/Davidson.html