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It's from a PhD barn, but I thought the introduction worth a little standalone note. Debater of Spatial Sciences, October 16, MilieuNieuws, 18 3, p. cointegration "An (n x 1) vector time series y t is said to be cointegrated if each of the series taken individually is nonstationary with a unit root, while some linear combination of the series a ' y is stationary for some nonzero (n x 1) vector a.".
Box and Cox () developed the transformation. Estimation of any Box-Cox parameters is by maximum likelihood. Box and Cox () offered an example in which the data had the form of survival times but the underlying biological structure was of hazard rates, and the transformation identified this.
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