The book Does the American Tariff Protect Labor was written by author William P William Penfield Travis Here you can read free online of Does the American Tariff Protect Labor book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Does the American Tariff Protect Labor a good or bad book?
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The correlation between the two types of coefficients is inherent since 1*0 = lO I + lO aO + 1° (A°)^ + ... + l"" (A^) • = 1° (I - A°)-^ and all the elements a^^j are less than unity. Thus the direct coefficients tend to dominate in the determination of the direct- plus-indirect coefficients. The actual correlation coefficient cited -45- earlier, Is . 886. This does not indicate directly what the correlation between tariffs and dlrect-plus-lndlrect coefficients Is, but the range within which th...at correlation coefficient must fall can be computed. Suppose, for notatlonal simplicity, that there are three vectors, a, b, and c, and that the correlation, r^'^, between be a and c Is known and that r is also known. The maximum and ab minimum correlation, r, between a and b will occur when all three vectors lie In the same two-dimensional plane in the n-space of observations. The coefficient r^*^ is the cosine of be the angle A between a and c, r is the cosine of the angle D between b and c.
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