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Exam (elaborations)

Econometrics class notes (Graded A+)

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Course Econometrics
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If two RVs are independent joint probability of them equals product of the probability of each RV - ANSWERS-If two RVs are independent joint probability of them equals product of the probability of each RV

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  • goal of regression answers we want to explain y
  • discrete rv answers takes on only a discrete set
  • continuous rv answers takes on a continuum of po

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