Explain the notions of identifiability and parameterization

Reference no: EM131354967

1. Explain intuitively why an ordered random sample is neither Independent nor Identically Distributed.

2. Explain the notions of identifiability and parameterization.

3. "In relating statistical models to (economic) theoretical models we often need to reparameterize/restrict the former in order to render the estimated parameters theoretically meaningful." Explain.

Reference no: EM131354967

Questions Cloud

What is the aftertax salvage value of equipment : A neighboring school is weighing the purchase of a new $639,000 computer-based student data-base system. The system will be depreciated straight-line to zero over its six-year life. It will be worth $44,000 at the end of that time. What is the aftert..

Discuss significance of recognizing the time value of money : Discuss the significance of recognizing the time value of money in the long-term impact of the capital budgeting decision.

What does that mean for the scatterplot : Explain why the notion of correlation makes no sense in the case of random variables measured on the nominal scale.

Analyze implications of changes in project scheduling : McGee Carpet and Trim installs carpets in commercial offices. Andrea McGee has been very concerned with the amount of time it took to complete several recent jobs. Some of her workers are very unreliable. A list of activities and their optimistic ..

Explain the notions of identifiability and parameterization : "In relating statistical models to (economic) theoretical models we often need to reparameterize/restrict the former in order to render the estimated parameters theoretically meaningful." Explain.

What is the expected return of matts portfolio : Matt currently owns a portfolio that is 35% invested in Best Purchase Corp, 20% in Runnings, and 45% in Books.com. The expected returns on these stocks are 9%, 17%, and 13% respectively. What is the expected return of Matt’s portfolio?

Describe the organizations products and services : MHA626- Describe the organization's products and services. Explain how these products and services meet the needs of the organization's determined customer base.

The flotation cost as a percentage of the funds raised : Deep Hollow Oil issued 135,000 shares of stock last week. The underwriters charged a spread of 8.05 percent in exchange for agreeing to a firm commitment. The legal and accounting fees amounted to $418,000 and the company incurred $48,000 in indirect..

Human resource function should be aligned : Why the human resource function should be aligned with an organizations strategic plan, and How current global conditions in Maersk's industry impact human resource management practices within this organization.

User Account

All Pages