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Release: Immediate

Paper by UI economics faculty chosen by editors of national journal

IOWA CITY, Iowa -- A paper analyzing stock market data by two faculty in the University of Iowa College of Business Administration has been chosen as the 1997 invited address of the Journal of Business Economics and Statistics.

The paper, "Real and Spurious Long Memory Properties of Stock Market Data," by N. E. Savin, professor of economics, and Ignacio N. Lobato, assistant professor of economics, will be published in a forthcoming issue of the journal along with comments by a panel of discussants.

The Journal of Business and Economic Statistics, a publication of the American Statistical Association, publishes articles dealing with a broad range of applied problems in business and economic statistics.

The invited address is chosen each year by the editors of the journal to be presented as the focus of a discussion among business statisticians and economists.