Comment on Skoog and Ciecka, “An Autoregressive Model of Order Two for Worklife Expectancies and Other Labor Force Characteristics with an Application to Major League Baseball Hitters”

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Edward Foster. (2013). Comment on Skoog and Ciecka, “An Autoregressive Model of Order Two for Worklife Expectancies and Other Labor Force Characteristics with an Application to Major League Baseball Hitters”. Journal of Legal Economics 19(2): pp. 43-46.
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A skeptical forensic economist might wonder if it is justified to invest time to learn the dense notation needed to read Skoog & Ciecka (2012). Only mathematicians are interested in theorems that have no practical application. Why learn about an autoregressive Markov process of order two to do a job that is already done by a first order Markov process and for which there are no data?
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Authors Edward Foster
Classification Life and Work Life Expectancy, Earnings, Misc-Not classified , Business Valuation and Lost Profits, Interest rates, Work life
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