Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5060958 | Economics Letters | 2010 | 4 Pages |
Abstract
Long memory processes can occur as a consequence of aggregation over heterogeneous agents. We examine the UK lottery and, by estimating the level of fractional differencing, find evidence of the long memory property in lottery sales, a result that has broader implications on the estimation of demand models for lotteries.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
I.G. McHale, D.A. Peel,