In a multiple regression model you are told that the error term u i has the following
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In a multiple regression model you are told that the error term ui has the following probability distribution, namely, ui ∼ N(0, 4). How would you set up a Monte Carlo experiment to verify that the true variance is in fact 4?
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Since we are told that is u i N04 generate say 25 observa...View the full answer
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