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Mathematics 13 Online
OpenStudy (anonymous):

Is y iid if y=xb+ u where u is an iid error term?

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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