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In Econometrics, We Typically Do Not Rely on Exact or Finite

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In econometrics, we typically do not rely on exact or finite sample distributions because a. we have approximately an infinite number of observations (think of re-sampling).
b. variables typically are normally distributed.
c. the covariances of Yi,YjY _ { i } , Y _ { j } are typically not zero.
d. asymptotic distributions can be counted on to provide good approximations to the exact sampling distribution (given the number of observations available in most cases).


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