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Habit and long memory in UK lottery sales

McHale, IG and Peel, DA 2010, 'Habit and long memory in UK lottery sales' , Economics Letters, 109 (1) , pp. 7-10.

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Long memory processes can occur as a consequence of aggregation over heterogeneous agents. We examine the UK lottery and, by estimating the level of fractional differencing, find evidence of the long memory property in lottery sales, a result that has broader implications on the estimation of demand models for lotteries.

Item Type: Article
Themes: Subjects outside of the University Themes
Schools: Colleges and Schools > College of Business & Law > Salford Business School > Centre for Sports Business
Journal or Publication Title: Economics Letters
Publisher: Elsevier
Refereed: Yes
ISSN: 01651765
Depositing User: Dr Ian G. McHale
Date Deposited: 05 Oct 2011 10:31
Last Modified: 24 Jul 2014 09:30

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