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To: Todd Thomas Davis who wrote (26688)1/16/1998 12:51:00 PM
From: TREND1  Read Replies (2) | Respond to of 53903
 
Todd
I read a lot !
From "Evaluating Non-Strucural Measures of the Buiness Cycle"
From a Federal Reserve publication. Jan 1998
Quote:
"Hodrick and Prescott (1997) define the trend as that part of output
which lies in a low-frequency band, and they use linear filters
to extract measures of trend."
...........................................................
Now let me translate:
(1) Monthly trends are like super oil tankers !
(2) Daily trends are like little speed boats !
...........................................................
Kurlak is a speed boat driver !
........................................................
Larry Dudash