Mathcad in Hands of the Economist: Box-Сox Transformation and the Illusion of «Normality» of Macroeconomic Series

Abstract

The article is dedicated to the techniques of Box-Cox transformation method especially in the mission of bringing of abnormally distributed macroeconomic series to the normally distributed view. The normalization of errors emerging in the estimation of affinity of distributions is also considered in the general scope of assessment procedures.