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Excerpt from The Sources and Nature of Long-Term Memory in the Business Cycle
A random walk can model time series that look cyclic but non-periodic. The first differences of that series [or in continuous time, the derivative] should then be white noise.
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The Sources and Nature of LongTerm Memory in the Business Cycle Classic Reprint
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The Sources and Nature of LongTerm Memory in the Business Cycle Classic Reprint
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HRD. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9780666115751
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