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Excerpt from An Econometric Analysis of Nonsynchronous TradingIt has long been recognized that the sampling of economic time series plays a subtle but critical role in determining their stochastic properties. Perhaps the best example of this is the growing literature on temporal aggregation biases that are created by confusing stock and flow variables. This is the essence

Title : An Econometric Analysis of Nonsynchronous Trading (Classic Reprint)
Author : Andrew W Lo
Language : en
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Type : PDF, ePub, Kindle
Uploaded : Apr 06, 2021

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