Question: 1) Let LaTeX: X_1,X_2,cdots{},X_n 1 , 2 , ⋯ , be normal random variables with mean LaTeX: mu and variance LaTeX: sigma^2 2 . What

1) Let LaTeX: X_1,X_2,\cdots{},X_n 1 , 2 , ⋯ , be normal random variables with mean LaTeX: \mu and variance LaTeX: \sigma^2 2 . What are the method of moments estimators of the mean LaTeX: \mu and variance LaTeX: \sigma^2 2 ? 2) Give examples of applications of the Maximum Likelihood and the Generalized Method of Moments in Economics.

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