The literature on p-hacking primarily highlights its prevalence and the need to pay attention to the practical significance of each regressor. A new R package, 'practicalSigni,' reports 13 indexes for p regressors called m1 to m13. The following methods are missing from the literature. (m6)...

This essay suggests concrete ways in which the UN Ambassador-designate John Bolton can help reshape the UN to promote President Bush's worthy goal of greater freedom and democracy around the world. Although freedom appears to be on the march in the middle East and elsewhere, the UN Security...

Calyampudi Radhakrishna Rao (Rao for brevity, henceforth) just celebrated his 90th birthday. He received numerous honors including 1972 fellow of Econometric Society and the 2002 US Medal of Science (the citation of which recognized his contributions to economics). He co-founded with Mahalanobis...

Consumer theory still maximizes utility subject to a budget constraint, when in fact 2008 data show that consumer debt is 130% of disposable income. Granger-causality tests confirm Consumption precedence over income. We discuss several features of newer US data, such as the ability to start...

A new two-way map between time domain and numerical magnitudes or values domain (v-dom) provides a new solution to heteroscedasticity. Since sorted logs of squared fitted residuals are monotonic in the v-dom, we obtain a parsimonious fit there. Two theorems prove consistency, asymptotic...

While moving block bootstrap (MBB) has been used for mildly dependent (m-dependent) time series, maximum entropy (ME) bootstrap (meboot) is perhaps the only tool for inference involving perfectly dependent, nonstationary time series, possibly subject to jumps, regime changes and gaps. This brief...

This paper attempts to compare the performance of presidents George W. Bush and Obama in the context of reduction of unemployment by comparing the Beveridge curve tradeoffs between vacancy and unemployment rates. We consider monthly data and measure the output of the economy as gross value of...

The maximum entropy bootstrap is an algorithm that creates an ensemble for time series inference. Stationarity is not required and the ensemble satisfies the ergodic theorem and the central limit theorem. The meboot R package implements such algorithm. This document introduces the procedure and...