What does stochastic mean in stochastic frontier effi ciency estimation? Give several real-life examples of events that
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What does “stochastic” mean in stochastic frontier effi ciency estimation? Give several real-life examples of events that could shift the production frontier.
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Stochastic refers to a system or a process that is linked with a random probability distribution or pattern In the context of stochastic frontier effi...View the full answer
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Related Book For 
The Economics Of Health And Health Care
ISBN: 9781138208049
8th Edition
Authors: Sherman Folland, Allen C. Goodman, Miron Stano
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