1. S

    Likelihood Function

    Can anyone help me understand this? Consider the four observations from de Normal Distribution with variance equal to one y1 < 10, y2 > 10, 5 < y3 < 10 and y4 = 10. The likelihood function is? Would be: Replacing: I want to know if this is correct or have another way of solving...
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    Nested Regression with continuous dependent variable

    Hi, Does anyone know what model to use for the following issue: I would like to estimate transaction size (continuous dependent variable) using various predictors. But I would like to condition the regression on whether the buyer and seller are located in the same state (dummy variable...