TuteWeek7 -handouts'.pdf

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    = β + β + β + µ

    β̃

    → β̃

    β̃ = β + β ∗ δ δ = β + δ +

    δ > →

    β

    > β̃

    > β

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    = β + β + β + β + µ

    = − . + . + . + .

    = . σ̂ = .

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    ( ) = . + . + . + .

    = . σ̂ = .

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    σ̂ = .