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The Stochastic Properties of Velocity: A New Interpretation

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NBER1987-05-01 更新2025-01-04 收录
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A number of recent studies have concluded that velocity for the United States for the past century displays the characteristics of a random walk without drift. In this study, we confirm this result for four other countries for which we have over a century of data -- Canada, the United Kingdom,

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1987-05-01
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