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Co-integration, equilibrium and equilibrium correction are key concepts in modern applications of econometrics to real world problems. This book provides direction and guidance to the now vast literature facing students and graduate economists. Econometric theory is linked to practical issues such as how to identify equilibrium relationships, how to deal with structural breaks associated with regime changes and what to do when variables are of different orders of integration.
This is a cautionary tale about wishing that your life could be more exciting, for Danny Challetts this is exactly what happened to him. Following a chance encounter at a motorcycle rally, over a period of a few weeks Danny falls in love with Kurt, a handsome but dangerous biker. His life goes from being mundane, working as an assistant manager in a grocery store to being on a roller coaster ride of an adventure on the road with a close-knit community of guys organising the motor cycle rallies. But to be fully accepted into the community he must leave his old world behind and demonstrate his loyalty by undergoing a series of physical and sexual initiations. Will he be mentally and physically strong enough to endure the ordeals to be with the man he loves or will he return to his safe but boring old life?
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