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Indeed. Even within a single economy, plotting a scatter plot for enough data points (e.g. 25 years) makes Philips curves just broken. It was a gong moment for
by fujimotos 7y ago
Indeed. Even within a single economy, plotting a scatter plot for enough data points (e.g. 25 years) makes Philips curves just broken.
It was a gong moment for me when I came across a short passage discussing its foundedness.
* Freedman, Pisani and Purves Statistics, 4th edition (p153)