Unrelated economic time-series exhibit strong correlation

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Reference no: EM131194485

1. What is the relationship between Maximum Likelihood Estiamtion's second-order conditions and the standard errors of the coefficient estimates?

2. Why might two unrelated economic time-series exhibit a strong correlation? (Note: a strong corre-lation even though the variables represent unrelated phenomena).

Please write a few sentances/paragraphs for each.

Reference no: EM131194485

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