SEMAINE D’ETUDE SUR LE ROLE DE L ANALYSE ECONOMETRIQUE ETC. 745

The General Case of a Dynamic Process

The generalization of these different results follows immediately.
 In the case of a non-stationary process and assuming
k-order homogeneity, we have

Jd.

'117-"

>,

where Rc represents the change in Re when ¢ changes by &¢.
Naturally, taking into account equation (111-6) it is further
possible to write

- 7

117-19)

St1-0) ¢ (t-0)

-0

mp

1-0)¢

Au) a
t-60

Jd ou

This is the fundamental relation from which the different
real values in the present paper are derived.

Allais - pag. 4¢