Day: December 4, 2009

  • Legislative Process

    Q: What are the causes of public discontent over the legislature? [adsense:336×280:1:1] A: The public discontent of congress has been on a steady decline for many years, and this present congress has a public approval rating of 12%. Surprisingly, individual congressmen generally enjoy higher approval ratings than congress as a whole. Keefe and Ogul discuss…

  • Autocorrelation (Econometrics)

    Autocorrelation can be defined as correlation between the variables of some observations at different points of time if it is about a “ time series data”, or it will be correlation between the variables of some observations at different space if it is about “ cross sectional data”. The classical linear regression model (CLRM) according…