Show that (17.11) minimizes (17.10). Hint: Differentiate (17.10) with respect to h and set to 0. This

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Show that (17.11) minimizes (17.10).

Hint: Differentiate (17.10) with respect to h and set to 0. This is the first-order condition for optimization.

Solve for h. Check the second-order condition to verify that this is a minimum.

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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 08:00 AM

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Show that (17.11) minimizes (17.10). Hint: Differentiate (17.10) with respect to h and set to 0. This

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Probability And Statistics For Economists

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