Consider the following decomposition of the error term v a u it i it and the second part (uit) caputres The first part of this error term (ai) caputres homoskedasticity, heteroskedasticity time constant unobserved factors, time varying unobserved factors heteroskedasticity, homoskedasticity time v...

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Consider the following decomposition of the error term: v = a +u it i it and...

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Consider the following decomposition of the error term: v = a + u it i it and the second part (uit) caputres_

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Derivatives Markets

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Authors: Rober L. Macdonald

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Consider the following decomposition of the error term: v = a +u it i it and...

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Derivatives Markets

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