expand icon
book Introduction to Econometrics 3rd Edition by James Stock, Mark Watson cover

Introduction to Econometrics 3rd Edition by James Stock, Mark Watson

Edition 3ISBN: 978-9352863501
book Introduction to Econometrics 3rd Edition by James Stock, Mark Watson cover

Introduction to Econometrics 3rd Edition by James Stock, Mark Watson

Edition 3ISBN: 978-9352863501
Exercise 11
Y is a random variable with Y = 0, y = 1, skewness = 0, and kurtosis = 100. Sketch a hypothetical probability distribution of Y. Explain why n random variables drawn from this distribution might have some large outliers.
Explanation
Verified
like image
like image

We are asked to sketch a hypothetical pr...

close menu
Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
cross icon