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OpenStudy (anonymous):
Is y iid if y=xb+ u where u is an iid error term?
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OpenStudy (anonymous):
what does iid mean?
OpenStudy (anonymous):
identically and independently distributed
OpenStudy (anonymous):
no,if x*b is an iid error so you can't tell anything about y but if x*b is iid so y is an iid error term. got it?
OpenStudy (anonymous):
y is the dependent variable not the error term, my question is if the error term is iid does this imply that y is iid?
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