计量经济学 Multivariate Distribution.pptxVIP

Lecture 5: Multivariate Distributions 1. Introduction In the previous two lectures we considered the probability distribution for a single random variable. We then learned how to use various measures (e.g., mean and variance) to summarize the information in the distribution. We have, however, limited ourselves to looking at a single random variable (e.g., X). Thus, we have been considering univariate distributions. Often in economics we are interested in relationships existing between several random variables. ;That is, we are often interested in multivariate distributions. In this lectur