In the second place, a system would involve more variables than those which may be supposed to enter into demand relationships, and so the preliminary work of estimating the necessary time series would also be increased. In the third place, in the simultaneous method of estimation the estimates of the original parameters come to depend on most of the remaining estimates, and so it is quite likely that they will have large sampling variances.
Richard StoneRelated topics
enter large likely necessary place quite second series third work samplingRelated quotes
After sleeping through a hundred million centuries we have finally opened our eyes on a sumptuous planet, sparkling with color, bountiful with life. Within decades we must close our eyes again. Isnt it a noble, an enlightened way of spending our brief time in the sun, to work at understanding the universe and how we have come to wake up in it This is how I answer when I am askedas I am surprisingly oftenwhy I bother to get up in the mornings.
Richard Dawkins
Now, since the time of Newton there had been a debate about whether light was a wave---that is, a traveling disturbance in some background medium---or a particle, which travels regardless of the presence of a background medium. The observation of Maxwell that electromagnetic waves must exist and that their speed was identical to that of light ended the debate: light was an electromagnetic wave.
Lawrence M. Krauss
It cannot be too frequently emphasized that the behavior of any animal must depend upon on the nature of the stimulus which it meets, its anatomic and physiologic capacities, and its background of previous experience. Unless it has been conditioned by previous experience, an animal should respond identically to identical stimuli, whether they emanate from some part of its own body, from another individual of the same sex, or from an individual of the opposite sex.
Alfred Kinsey
I can imagine no greater disservice to the country than to establish a system of censorship that would deny to the people of a free republic like our own their indisputable right to criticise their own public officials. While exercising the great powers of the office I hold, I would regret in a crisis like the one through which we are now passing to lose the benefit of patriotic and intelligent criticism.
Woodrow Wilson
I am quite ready to acknowledge ... that I ought to be grieved at death, if I were not persuaded that I am going to other gods who are wise and good (of this I am as certain as I can be of any such matters), and to men departed who are better than those whom I leave behind. And therefore I do not grieve as I might have done, for I have good hope that there is yet something remaining for the dead.
Socrates