
Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
Edition 3ISBN: 978-9352863501
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
We are asked to sketch a hypothetical pr...
Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
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