Reviewed by Chetan G. Shah, CFANearly 90% of Recursive Models of Dynamic Linear Economies was written between 1988 and 1994, and the remaining 10% was ...

Recursive residuals are independently and identically distributed and, unlike ordinary residuals, do not have the problem of deficiencies in one part of the data being smeared over all the residuals.

The main purpose of this paper is to clarify relations and distinctions between several approaches suggested in the statistical literature for analysing structures in correlation matrices, i.e. of ...