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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Ilaine who wrote (108730)	6/14/2001 10:39:40 AM
From: yard_man	Read Replies (2) of 436258

I think the point that is being made by Corrigan by that chart is that we are "off the charts" -- in uncharted territory. I don't think you are going to find enough data pts to get a correlation except on "milder" variations of that ratio ... Again, I'd like to do that calc myself and then look at it -- I suspect the ratios you mention are not ratios of running sums. I'll look when I get time ... I think economics is not primarily about predicting the course of future events as it is about explaining how difference forces interact in the marketplace -- whether that be historical or predictive -- how resources are allocated to various ends -- impacts on societies, governments individuals and how the choices made by the same feedback to affect the marketplace ... Econometrics which uses linear regression as a tool is just one branch of economic investigation, IMO -- not necessarily the core I do think the things you mentioned are worth looking into ...

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