The area of statistics is one in which teachers may be encouraged to make important links to other curriculum areas and social issues. Statistical literacy is a key component of being numerate and living as an informed citizen. The teaching of statistics provides an opportunity to inform and educate students about social issues and moral…

Rectifies the unsatisfactory textbook treatment of the finite-sample proprieties of estimators of regression models with a lagged dependent variable and autocorrelated disturbances. Maintains that the bias of the ordinary least squares estimator is determined by the dynamic and correlation effects. (MJP)