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Results tagged with econometrics
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user 122305
Econometrics is a field of statistics dealing with applications to economics.
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Utility theory approach in decision making for Gaussian variables
Consider the following problem:-
In nutshell there are 3 decisions $d_1,d_2,d_3$ and 3 effects $S_1,S_2,S_3$ after the decision has been made. Each effect can occur with a given probability. In nor …
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