Glossary of economics research
Results of search for independent follow:
independent:
Two random variables X and Y are statistically independent if and only if
their joint density (pdf) is the product of their marginal densities, that is
if f(x,y)=fx(x)fy(y).
If two random variables are independent they are also
uncorrelated.
Source: Greene, 1993, p. 64
Contexts: econometrics
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