ECON 4400 Lecture 4: Lecture 4 Conventions of EV

• School: Ohio State University
• Department: Economics
• Course: ECON 4400
• Professor: Senad Sinanovic

Document Summary

E cax t by i ecax t ecby a eex t bely aux t b n y. Eca t ecx n x t my a tie where a is a constant e f a 2 b 5. Y n nc2 1 a ecx t bely i. Max set you can calculate variance ar cx e cxi ux 5 p. X mx p t xz mx 2 pz t. Other measures skewness kurtosis seenotes on chapter 1 measures the mazy of the tails in a dist. Cove x y o oxy o oxy o y oxy e lx mx y my x y mone in the same direction x y move in the oppositedirection h o relationship e g cov cwage height. Corr x y py ro ro l e pxy e l unitless. 321 c x inch this iswhy we tendto use correlationinstead.