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Personal Comments on Yoon's Discussion of My 1957 Paper

In: Econometric Analysis of Financial and Economic Time Series

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  • Clive W.J. Granger

Abstract

There is a type of art that is known as “naive,” which can be very simplistic and have a certain amount of charm. Reading about my own work on sunspots published in 1957 also brings to mind the description “naive.” I was certainly naive in thinking that I could undertake a piece of simple numerical analysis and then send it off to a major journal. The world of empirical research was then very simplistic as we had no computer at the University of Nottingham where I was employed, and all calculations had to be done on an electronic calculator and all plots by hand. It was clear that if monthly data for sunspots had been available, I would have been overwhelmed by the quantity of data! Trying to plot by hand nearly 200 years of monthly data is a lengthy task! The computing restrictions also limited the types of model that could be considered.

Suggested Citation

  • Clive W.J. Granger, 2006. "Personal Comments on Yoon's Discussion of My 1957 Paper," Advances in Econometrics, in: Econometric Analysis of Financial and Economic Time Series, pages 315-316, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:aecozz:s0731-9053(05)20032-4
    DOI: 10.1016/S0731-9053(05)20032-4
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