Along with Holbrook Working, this man is the namesake of hyperbolic confidence bands which were first introduced in their work "Applications of the Theory of Error to the Interpretation of Trends."
Along with Holbrook Working, this man is the namesake of hyperbolic confidence bands which were first introduced in their work "Applications of the Theory of Error to the Interpretation of Trends." He also gives his name to the fundamental rule of natural resource extraction, which says that optimal exploitation of such resources happens when unit price is equal to discount rate. Another result named for this man is demonstrated by considering two ice cream vendors on a mile of beach with an even distribution of customers. That law, formulated in his work "Stability in Competition," predicts that producers in some commodity markets will make their products as similar as possible, reducing variety for the consumer. FTP, name this American economist who also gives his name to a T-square distribution.
Along with Holbrook Working, this man is the namesake of hyperbolic confidence bands which were first introduced in their work "Applications of the Theory of Error to the Interpretation of Trends."
Harold {Hotelling}