Discuss how having more information can lead


Problem

Typically, the more information we have, the better estimates we can make. However, we mentioned that when using the alternativeparameter method, if we have more assessments than parameters then there may be no single distribution of that type which exactly matches all the assessments. Discuss how having more information (assessments) can lead to ambiguity in the distribution choice instead of identifying a unique distribution. In this case, is having more information bad?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Econometrics: Discuss how having more information can lead
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