Show that the likelihood inequality in Theorem 17.3 holds for the normal distribution.
Question:
Show that the likelihood inequality in Theorem 17.3 holds for the normal distribution.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
The log likelihood for a sample from the normal distribution is LogL ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Econometric questions
-
Show that the likelihood inequality in Theorem 14.3 holds for the normal distribution. Eo[(1/n) In L(@%)] > Eo[(1/n) In L(0)] for any e + 00 (including ).
-
Show that the likelihood inequality in Theorem 14.3 holds for the Poisson distribution used in Section 14.3 by showing that E[(1/n) ln L( | y)] is uniquely maximized at = 0 .
-
Show that the likelihood inequality in Theorem 17.3 holds for the Poisson distribution used in Section 17.3 by showing that E[(1/n) ln L( | y)] is uniquely maximized at = 0. Hint: First show that the...
-
Develop two goals pertaining to your education, future career, or personal life. Each goal includes at least three objectives. Make sure your objectives include performance, conditions, and criteria....
-
A bond that pays coupons annually is issued with a coupon rate of 4%, maturity of 30 years, and a yield to maturity of 7%. What rate of return will be earned by an investor who purchases the bond and...
-
1. Why are the views of the German managers and associates so different? What are the underlying cultural values that may be causing the differences? Why are views so different can be discussed based...
-
In what ways are the roles of project, program and portfolio managers different?
-
The Bishop Division of Kingley Corporation has a current ROI of 12 percent. The company target ROI is 8 percent. The Bishop Division has an opportunity to invest $6,000,000 at 10 percent but is...
-
Carla Vista Company is considering a long-term investment project called ZIP. ZIP will require an investment of $118,665. It will have a useful life of 4 years and no salvage value. Annual cash...
-
?? General Ledger Accounts; Trial Balance Diane Bernick opened Bernick's Consulting. Transactions and related journal entries for the month of January are shown. Jan. 1 Bernick invested cash in the...
-
(Limited Information Maximum Likelihood Estimation) Consider a bivariate distribution for x and y that is a function of two parameters, and . The joint density is f (x, y | , ). We consider maximum...
-
For random sampling from the classical regression model in (17-3), reparameterize the likelihood function in terms of = 1/ and = (1/). Find the maximum likelihood estimators of and and obtain the...
-
Fill in the blanks with an appropriate word, phrase, or symbol(s). Rational numbers such as 11/4 and -3/2 are examples of ___________ fractions.
-
A machine is subject to a harmonic excitation with an amplitude of \(15,000 \mathrm{~N}\). The force transmitted to the floor through an isolator has an amplitude of \(3000 \mathrm{~N}\). What...
-
Convert \(1000 \mathrm{rpm}\) to \(\mathrm{rad} / \mathrm{s}\).
-
A \(50 \mathrm{~kg}\) machine is mounted on an isolator with a stiffness of \(6 \times 10^{5} \mathrm{~N} / \mathrm{m}\). During operation, the machine is subject to a harmonic excitation with a...
-
A machine operates at \(100 \mathrm{rad} / \mathrm{s}\) and has a rotating component of mass \(5 \mathrm{~kg}\) whose center of mass is \(3 \mathrm{~cm}\) from the axis of rotation. What is the...
-
An undamped SDOF system with a natural frequency of \(98 \mathrm{rad} / \mathrm{s}\) is subject to a excitation of frequency \(100 \mathrm{rad} / \mathrm{s}\). (a) What is the period of response? (b)...
-
Substance over form is a recipe for failing to achieve comparability between accounting statements for different businesses. Discuss.
-
U.S. households have become smaller over the years. The following table from the 2010 GSS contains information on the number of people currently aged 18 years or older living in a respondent's...
-
Which of the following statements about statistical credit analysis models is most accurate? A. Structural credit models solve for the POD using observable company-specific variables such as...
-
Bounds for \(s^{2}\) in a one-way random effects model. For the random one-way error component model given in (2.1) and (2.2), consider the OLS estimator of \(\operatorname{var}\left(u_{i...
-
Using the Monte Carlo setup for the one-way error component model, given in Maddala and Mount (1973), compare the various estimators of the variance components and regression coefficients studied in...
-
Using the gasoline data of Baltagi and Griffin (1983), given as Gasoline.dat on the Springer website, reproduce Table 2.5. Table 2.5 Gasoline demand data. One-way error component results B B P 0.890...
-
What is the minimum quantity firms need to sell in order to start earning profit given insurance costs of $50,000, materials o per unit, and break even quantity is 1500?
-
Assume a 10% discount rate and compute the present value of Rs. 1100, Rs.900, Rs.1500 andRs.700 received at the end of 1-4 years In the above sum if the amounts are received at the beginning of the...
-
Recall that an FX rate XXXYYY = Bid/Offer gives the rate of YYY per XXX. You can buy XXX/sell YYY at the offer price and sell XXX/buy YYY at the bid price. EURUSD is trading at 1.4760/1.4763 USDJPY...
Study smarter with the SolutionInn App