An Estimate of the scale-length of internal waves in the seasonal thermocline near Ocean Station "P"

Expert InsightsPublished 1963

An estimation for economists to acquaint them with the use of spectral analysis as an aid in identifying short-run demand and supply from market data. The author has shown that the seasonal and purely random components of price and quantity series can allow them to distinguish short-run demand from supply, providing that at least one of the components results in cross-spectral representation whose sign is opposite to those of the remaining components' representations. The short-run schedules are actually linear combinations of independent processes. In this sense, the analysis of demand and supply differs from the traditional approach in which long-run phenomena are removed and the aggregate remainders are used to estimate short-run demand and supply. 22 pp.

Document Details

  • Copyright: RAND Corporation
  • Availability: Web Only
  • Year: 1963
  • Pages: 43
  • Document Number: P-2784

Citation

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An Estimate of the scale-length of internal waves in the seasonal thermocline near Ocean Station "P". Santa Monica, CA: RAND Corporation, 1963. https://www.rand.org/pubs/papers/P2784.html.
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