19. An economist is asked to predict a future value of a particular economic indicator, and he...
Question:
19. An economist is asked to predict a future value of a particular economic indicator, and he thinks that his loss function is linear with ku = 4k0. If his distribution is a uniform distribution on the interval from 650 to 680, what should his estimate be?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Statistics Probability Inference And Decision
ISBN: 9780030778056
1st Edition
Authors: Robert L. Winkler, William L. Hays
Question Posted: