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Consider independent observations ( r 1 , y 1 ) , dots ( r n , y n ) , from the model Y i
Consider independent observations dots from the model for dots, where the are fixed constants. Using likelihood and loglikelihood as appropriate, compute the following items.
Derive the maximum likelihood estimate hat
Write the second derivative of likelihood
Give an expression of the approximated asymptotic standard error of hat by plugging in the estimate hat To this end, estimate the Fisher Information Matrix by hathat and then
Consider data Using your formul compute and write numerical estimates hat and give a confidence interval for using the normal approximation.
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