Consider the hierarchical distribution Find (a) E[X]. Hint: Use the law of iterated expectations (Theorem 4.13). (b)

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Consider the hierarchical distribution

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Find

(a) E[X]. Hint: Use the law of iterated expectations (Theorem 4.13).

(b) var[X]. Hint: Use Theorem 4.14.

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Probability And Statistics For Economists

ISBN: 9780691235943

1st Edition

Authors: Bruce Hansen

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Question Posted: Sep 23, 2024 07:00 AM

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Consider the hierarchical distribution Find (a) E[X]. Hint: Use the law of iterated expectations (Theorem 4.13). (b)

Question:

X|Y~N(Y,) Y~ gamma(a, ).

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Probability And Statistics For Economists

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