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In this case a more proper statistical analysis should be done conditional on the sign of Δ.
Our primary conclusion is that investors' response to the earnings surprise (actual earnings less the last forecast of the quarter) is conditional on the sign of prior earnings news (i.e., the forecast revision).
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Note that these expectations are conditional on the wage gap, and that the distribution of wages across the two locations is in fact a crucial determinant of the sign of this first term.
Booker said completion of the deal was conditional on the approval of the Competition and Markets Authority.
The financing package was conditional on the sale of $2 million in state tax credits.
The United States had never before made the creation of a Palestinian state conditional on the removal of Mr. Arafat.
The deal is conditional on the completion of $5.5 billion to $6 billion in Chinese financing by Sept. 30, Fortescue said.
The governor said his own support for Israel was "not conditional on the outcome of the peace process".
Xavier Rolet, LSE's chief executive, said: "This is not conditional on the outcome of the referendum.
It cannot be conditional on the provision of a service.
The first stage obtains the conditional distribution of the nuisance parameter conditional on the parameter of interest.
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