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MIT 14 382S17 Midterm06
MIT 14 382S17 Midterm06
MIT 14 382S17 Midterm06
Consider the model, where Y = Xβ + �, where for each t, �t ∼ σ(et − 1), where
et is standard exponential variable such that E[et ] = 1 and V ar[et ] = 1. Assume
that X are independent of �. Suppose that (xt , �t ) are i.i.d. across t.
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14.382 Econometrics
Spring 2017
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