To extend Zellner and Revankars model in a fashion similar to theirs, we can use the BoxCox
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To extend Zellner and Revankar’s model in a fashion similar to theirs, we can use the Box–Cox transformation for the dependent variable as well. Use the method of Example 17.6 (with θ = λ) to repeat the study of the preceding two exercises. How do your results change?
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Instead of minimizing the sum of squared deviations we now maximize the concentrated loglikelihood function InL n2ln1ln2x 1 lnY n2lnn The search for t...View the full answer
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