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This paper draws from two unpulished articles with the same title, Wold (1978, 1980), the first (5 pages) presented at the International Workshop on Conflict Resolution, University of Haifa, Israel, 19-24 june 1978, the second (28 pages) at the Fourth World Congress of Econometric Society, Aix-en-Provence, 21 Aug.-1 Sept. 1980. For considerations of space the present paper is in cable style.
As an exercise in scientific model building the analysis is extreme in using 27 variables (factors)...
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