On Fri, Aug 01, 2003 at 02:46:55PM -0400, Doug Henwood wrote:
> Jamessuro at aol.com wrote:
>
> >Now, it's possible that this was purely a random correlation. But we
> >are talking about six years of data. And, as Roll points out,
> >weather is likely the single biggest variable affecting the value of
> >OJ futures. So it makes sense that futures traders would pay close
> >attention to, and perhaps have insight into, weather patterns.
>
> Is that remotely plausible? How the hell would they know any better
> than meterologists? Some direct line to a wise old farmer who can
> tell from the look and feel of the sunset? I've ordered up the paper,
> but until it arrives - why that six-year period? Did he look at any
> other six-year periods? What was his r2? Etc.
>
> DOug
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-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu