Do we need time series econometrics

Whether or not there is a need for the unit roots and cointegration based time series econometric methods is a methodological issue. An alternative is the econometrics of the London School of Economics (LSE) and Hendry approach based on the simpler classical methods of estimation. This is known as the general to specific method (GETS). Like all other methodological issues it is difficult to resolve which approach is better. However, we think that GETS is conceptually simpler and very useful in applied work.GETS, Cointegration, Box-Jenkins’s Equations, Hendry, Granger

Do we need time series econometrics?

It is argued that whether or not there is a need for unit roots and cointegration based econometric methods is a methodological issue. An alternative is the econometrics of the London School of Economics (LSE) and Hendry approach based on the simpler classical methods of estimation. This is known as the general to specific method (GETS). Like all other methodological issues this is also difficult to resolve but we think that GETS is very useful.GETS, Cointegration, Box-Jenkin’s Equations, Hendry, Granger

Correlations and Event-by-Event Fluctuations in High Multiplicity Events Produced in 208^{208}Pb-208^{208}Pb Collisions

Analysis of high multiplicity events produced in 158A GeV/c $^{208}$Pb-$^{208}$Pb collisions is carried out to study the event-by-event fluctuations. The findings reveal that the method of scaled factorial moments can be used to identify the events having densely populated narrow phase space bins. A few events sorted out adopting this approach are individually analyzed. It is observed that these events do exhibit large fluctuations in their pseudorapidity, $\eta$ and azimuthal angle, $\phi$ distributions arising out due to some dynamical reasons. Two particle $\Delta\eta$-$\Delta\phi$ correlation study applied to these events too indicates that some complex two-dimensional structure of significantly high magnitude are present in these events which might have some dynamical origin. The findings reveal that the method of scaled factorial moments may be used as an effective triggering for events with large dynamical fluctuations.Comment: 20 pages, 7 figures (Accepted for publication in Advances in High Energy Physics