SEMAINE D’ETUDE SUR LE ROLE DE L ANALYSE ECONOMETRIOUE ETC
r —
Si
Nonstochastic variables subject to observational erro:
a)-b) Same variables as in Fig. 2 a-b
the deterministic situation does not extend to the inference (40,
for the stochastic situation. or more generally,
(AI)
HEl[a "FE '
that is, the expectation of a nonlinear function f(x) will only ...
exceptional cases equal the function of the expectation.
Turning now to bivariate relationships, Figs. 2b and
refer to BOYLE’s law
2u
(42,
FIG. 4 - Stochastic variables subject to exact observation. a) Moleculas
weight of nylon. b) Consumer demand v as function of market price
x.
21 Wold - pag. 23