Tuesday, 13 August 2013

independent, identically distributed (IID) random variables

independent, identically distributed (IID) random variables

I am having trouble understanding IID random variables. I've tried reading
http://scipp.ucsc.edu/~haber/ph116C/iid.pdf,
http://www.math.ntu.edu.tw/~hchen/teaching/StatInference/notes/lecture32.pdf,
and http://www-inst.eecs.berkeley.edu/%7Ecs70/sp13/notes/n17.sp13.pdf but
I don't get it.
Would someone explain in simple terms what IID random variables are and
give me an example?

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