Wednesday, February 23, 2011

Econometrician's Favorite Radio Station?

Econometricians do not have favorite radio stations--they prefer white noise!
Posted by poetrik econometrik at 10:27 AM

1 comment:

  1. poetrik econometrikFebruary 23, 2011 at 10:31 AM

    White noise is a concept that helps econometricians model time-series data. A white noise process is one that has mean zero and no serial correlation. In other words, our best guess for any future value of a white noise process is zero.

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