Suppose that another observation Xn1 becomes available. Show that (a) Xn+1 = (nXn+Xn+1)/(n+1). (b) +1 = ((n-1)+(n/(n+1))

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Suppose that another observation XnÅ1 becomes available. Show that

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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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Suppose that another observation Xn1 becomes available. Show that (a) Xn+1 = (nXn+Xn+1)/(n+1). (b) +1 = ((n-1)+(n/(n+1))

Question:

(a) Xn+1 = (nXn+Xn+1)/(n+1). (b) +1 = ((n-1)+(n/(n+1)) (Xn+1 Xn)) /n. 'n+1

Step by Step Answer:

Probability And Statistics For Economists

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