Polynomial Regressions and Nonsense Inference

Polynomial specifications are widely used, not only in applied economics, but also in epidemiology, physics, political analysis and psychology, just to mention a few examples. In many cases, the data employed to estimate such specifications are time series that may exhibit stochastic nonstationary b...

Full description

Bibliographic Details
Main Authors: Daniel Ventosa-Santaulària, Carlos Vladimir Rodríguez-Caballero
Format: Article
Language:English
Published: MDPI AG 2013-11-01
Series:Econometrics
Subjects:
Online Access:http://www.mdpi.com/2225-1146/1/3/236