Re: Central Limit Theorem Question
[ QUOTE ]
I was under the impression that there are several corrections that can be made for sample dependence, the ones that I know the most are for serially correlated observations.
[/ QUOTE ]
The trouble is these depend on knowing the precise nature of the serial correlation. They amount to subtracting out the known model and applying the CLT to the residuals.
As a practical matter, even small amounts of dependence can either invalidate the CLT or require unrealistically large numbers of observations.
|