There is a section within the GARP notes on page 6 of the Quantitative Analysis book that discusses Conditional Independence and I hope that someone may be able to explain this concept is simpler terms that what is shown in the notes.
Particularly this section..."Note that two types of...
@David Harper CFA FRM , can you please share an example of the below case if possible?
Events can be conditionally independent yet unconditionally dependent. Events can be conditionally dependent, yet independent! [Chapter 1: Fundamentals of Probability, Study Notes, Pg. 5]
It will be easy to...
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