econometrics (Page 329)

# econometrics (Page 329)

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Of course, as you would expect, as the sample size gets bigger, the difference between the two estimators will narrow. Putting the values of the estimators in the log likelihood function, we obtain the value of −308.1625. If you want the maximum value of the LF, just take the antilog of −308.1625. No other values of the parameters will give you a higher probability of obtaining the sample that you have used in the analysis. APPENDIX 4A EXERCISES 4.1.“If two random variables are statistically independent, the coefficient of correlation between the two is zero. But the converse is not necessarily

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