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

question 47

Multiple Choice

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,Yj 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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Definitions:

Dogmatic

Pertaining to or characteristic of dogma, often implying an authoritative and unyielding adherence to beliefs regardless of evidence.

Act Utilitarians

Philosophers or ethicists who follow the principle of act utilitarianism, focusing on the consequences of individual actions and choosing those that maximize happiness or reduce suffering for the greatest number.

Principle of Utility

A foundational principle in ethics that suggests actions should be judged as morally right or wrong based on their consequences, specifically aiming to maximize happiness and minimize suffering.

Rightness

The quality of being morally correct, justifiable, or acceptable according to ethical principles.