agman said:
Pickett Trial Testimony - Dr Taylor
Q…Now , your report gave six possible theories for why IBP's use of forward contracts and marketing agreements might cause the cash market to be lower, correct?
A…They could be called individual theories, but a theory can have many elements. It can also be called elements of a theory. But yes I did state that.
Q…You had six different explanations for how that happened, potentially, right?
A…Correct
Q…And you thought about what those six theories might be, but you never tested any of them individually to see if they were valid, correct?
A…I did not do any econometric test of each individual theory because the data----
Court: Wait, he just asked whether or not you had done any testing with any of them individually. You either did or you didn't.
A…I did not do any econometric tests, statistical tests.
Q…You did not do any tests, did you Professor Taylor?
Court: Answer that question yes or no.
Witness: I'm not – I don't think I can answer it with a yes or no, your honor.
Q… I am going to hand you your testimony, Dr Taylor, on March 13th, 2003. You gave this testimony under oath, correct sir?
A…Correct
Q…Would you turn to page 185, line 15?
A…Okay.
Q...Question: so you thought about what the theories might be and never tested them? Answer: Never tested them individually. Were you asked that question?
A…Yes.
Q…And did you give that answer?
A…Yes.
Q…Now if you don't test a theory, you can't know whether the theory is correct, true?
A…Not necessarily. In the context –
Q…Do you still have page 185 open, sir?
A…Yes
Q…Take a look at line 23. Question: And if you don't test a theory, you can't know as a scientist whether the theory is correct. Isn't that true, sir? Answer: Okay. Question: That's true. Answer: Yes.
Were you asked those questions and did you give those answers?
A…Yes.
The above is taken verbatim from trial testimony. I rest my case!!!
It is for you to decide who on this forum was dealing with factual information regarding this issue versus fiction, fabrication or lies. Watch the spinners go to work to defend their defenseless position. The TRIAL testimony speaks for itself and supports comments previously made by me regarding this issue. I need make no further comments-case closed.
A…I did not do any econometric test of each individual theory because the data----
Court: Wait, he just asked whether or not you had done any testing with any of them individually. You either did or you didn't.
A…I did not do any econometric tests, statistical tests.
Q…You did not do any tests, did you Professor Taylor?
Court: Answer that question yes or no.
Witness: I'm not – I don't think I can answer it with a yes or no, your honor.
Pretty easy to see that the lawyers in this case did not allow Dr. Taylor to finish his answers and lead him (with the court's help) down a path of words that did not reveal the truth.
Agman, you should be ashamed of this type of court behavior. Unfortunately, it is all too common when judges want to favor one side over the other. Thank you for posting this part of the transcript. It clearly shows how cases can be rigged and how the judge allowed it to happen.
So Taylor did do tests, didn't he, Agman? They were statistical tests, weren't they? You said he did not test his "theories" (that word in itself is misleading) and he did.
YOU LIED! ANOTHER LIE BY AGMAN!
Would you care to go into the econometric vs. statistical tests, Agman?
If you open any mathematical textbook you will see that almost all higher math is composed of "theories".
Pick up any geometry book, algebra book, calculus book, or trigonometry book and you will see that every one of them contain THEORIES.
For some of the more advanced, here is a list of mathematical theories:
This is a list of mathematical theories, by Wikipedia page.
* Algebraic K-theory
* Approximation theory
* Automata theory
* Braid theory
* Brill-Noether theory
* Catastrophe theory
* Category theory
* Character theory
* Choquet theory
* Class field theory
* Coding theory
* Cohomology theory
* Computation theory
* Deformation theory
* Dimension theory
* Distribution theory
* Field theory
* Elimination theory
* Extremal graph theory
* Galois theory
* Game theory
* Graph theory
* Grothendieck's Galois theory
* Group theory
* Hodge theory
* Homology theory
* Homotopy theory
* Information theory
* Invariant theory
* K-theory
* Knot theory
* L-theory
* Local class field theory
* M-theory
* Matrix theory
* Measure theory
* Model theory
* Morse theory
* Module theory
* Network theory
* Nevanlinna theory
* Number theory
* Obstruction theory
* Operator theory
* Percolation theory
* Perturbation theory
* Probability theory
* Proof theory
* Quantum theory
* Queue theory
* Recursion theory
* Representation theory
* Ring theory
* Scheme theory
* Set theory
* Sheaf theory
* Singularity theory
* Spectral theory
* String theory
* Surgery theory
* Theory of equations
* Topos theory
* Transcendence theory
* Twistor theory
In economics, unless you keep everything else constant, which is NEVER the case, you can only isolate reactions to variables mathematically. To test for significance (if you read shroeder's demand report, you will see they tried doing this with correlation of data over time) mathematically. The math used to do this is statistics or probabilities. Are probablilites always exact? Of course not, because if they were, there would be no need for probabilities.
Taylor said he tested statistically the "theories" as the defense called them, and yet Agman does not post this information. Was the defense competent enough to ask for those tests or more interested in twisting the truth?
The jury answered that question. It is pretty easy to see by this snippet of testimony what was happening in this trial and you should be ashamed of it, Agman. It wouldn't fool smart people, only people who wanted to be fooled.
Thanks again for posting how the truth was circumvented by the lawyers, Agman. It was very revealing.