19. An economist is asked to predict a future value of a particular economic indicator, and he...

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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?

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Statistics Probability Inference And Decision

ISBN: 9780030778056

1st Edition

Authors: Robert L. Winkler, William L. Hays

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