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Look up: Cointegration

  1. cointegration
    'An (n x 1) vector time series yt is said to be cointegrated if each of the series taken individually is ... nonstationary with a unit root, while some linear combination of the series a'y is stationary ... for some nonzero (n x 1) vector a.' Hamilton uses the phrasing that yt is cointegrated ...
    Found on http://www.econterms.com/glossary.cgi?qu

  2. Cointegration
    `Cointegration` is an econometric property of time series variables. If two or more series are themselves non-stationary, but a linear combination of them is stationary, then the series are said to be cointegrated. For instance, a stock market index and the price of its associated futures contract move through time, each roughly following a random walk. Testing the hypothesis that there is a statistically significant connection between the future...
    Found on http://en.wikipedia.org/wiki/Cointegrati

  3. cointegration
    (from the article `Granger, Clive W.J.`) ...one. Fundamental to his methods was his discovery that a specific combination of two or more nonstationary time series could be stationary, a ...
    Found on http://www.britannica.com/eb/a-z/c/107


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18 March 2010

This day in history:
On March 18th, 1314 Jacques de Molay was led out before the people to publicly confess his and the order's sins. He recanted his earlier confessions and said the only crime he was guilty of was lying about his Brethren to relieve his own tortures. He was then taken to an island on the Siene and burned along with Geoffrey de Charney the Preceptor of Normandy. He was first appointed the position of Visitor General and latterly to the post of Grand Preceptor of all England. Although de Molay confessed to denying Christ and trampling on the Holy Cross, he steadfastly denounced the accusations that the initiation ritual consisted of homosexual practices. read more

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