[SOLVED] ECON430-Homework 1

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  4. The file ‘Prob4 data.txt’ contains 50 observations from a Gamma distribution with unknown parameters α and β.
    • Plot a histogram of the data and overlay the respective density curve.
    • Compute the Method of Moments estimates of the parameters, α̂ and β̂.
    • Generate 1000 new samples from your data and compute the Bootstrap Mean, standard errors, and 95% confidence intervals of the parameters and compare them against your results from part (b).
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