(a) For the hierarchical model find the marginal distribution, mean, and variance of Y. Show that the...
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find the marginal distribution, mean, and variance of Y. Show that the marginal distribution of V is a negative binomial if a is an integer.
(b) Show that the three-stage model
leads to the same marginal (unconditional) distribution of Y.
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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