Question
If X is a random variable with moment-generating function M(t), and Y is a function of X given by Y = aX + b, show
If X is a random variable with moment-generating function M(t), and Y is a function of X given by Y = aX + b, show that the moment generating function for Y is e^tbM(at).
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
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