The Use of Operational Time to Correct for Sampling Interval Mis-specification

@inproceedings{Clark1975TheUO,
  title={The Use of Operational Time to Correct for Sampling Interval Mis-specification},
  author={Peter K. Clark},
  year={1975}
}
MANY economic time series with discrete time parameter are generated by the observation of processes which are most naturally considered to be continuously changing with time. Processes which have a (discrete) fundamental interval of evolution which is very much smaller than the sampling interval fall in this same category. These data (such as quarterly investment, monthly housing starts, or daily stock prices) have been sampled at equal intervals of time. Although this "equal interval… CONTINUE READING