Understanding spurious correlation: a rejoinder to Kliman
AbstractThis paper is a rejoinder to Kliman's (2008-9) reply to a paper published in the >i>Journal of Post Keynesian Economics>/i> by DÃaz and Osuna (2005-6). We show that Kliman's reasoning about spurious correlation rests on the popular confusion between correlation and causation.
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Bibliographic InfoArticle provided by M.E. Sharpe, Inc. in its journal Journal of Post Keynesian Economics.
Volume (Year): 31 (2008)
Issue (Month): 2 (December)
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Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=109348
causality testing; least squares estimation; spurious correlation;
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- Andrea Vaona, 2012. "Price-price deviations are highly persistent - extended version," Working Papers, University of Verona, Department of Economics 08/2012, University of Verona, Department of Economics.
- Andrea Vaona, 2014.
"A panel data approach to price–value correlations,"
Empirical Economics, Springer,
Springer, vol. 47(1), pages 21-34, August.
- Andrea Vaona, 2011. "A panel data approach to price-value correlations," Working Papers, University of Verona, Department of Economics 14/2011, University of Verona, Department of Economics.
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