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Introductory Econometrics 4th Edition by Jeffrey Wooldridge
Edition 4ISBN: 978-0324660609Introductory Econometrics 4th Edition by Jeffrey Wooldridge
Edition 4ISBN: 978-0324660609 Exercise 16
If we start with (6.38) under the CLM assumptions, assume large n, and ignore the esti- 
(i) For what values of _ ˆ will the point prediction be in the 95% prediction interval Does this condition seem likely to hold in most applications
(ii) Verify that the condition from part (i) is satisfied in the CEO salary example.
(i) For what values of _ ˆ will the point prediction be in the 95% prediction interval Does this condition seem likely to hold in most applications
(ii) Verify that the condition from part (i) is satisfied in the CEO salary example.
Explanation
Verified
Verified
i. Because exp (-1.96 sigma) 1, the poin...
Introductory Econometrics 4th Edition by Jeffrey Wooldridge
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