Question 1

Which of the following statements is true?

Accepted Answer

A) A model shows the estimated parameters of the explanatory variables. 
B) A model represents a population relationship. 
C) In an empirical paper, the estimation methods should be discussed before specifying a model. 
D) The methods for estimating a model are same as the model itself. 
A) A model shows the estimated parameters of the explanatory variables. 
B) A model represents a population relationship. 
C) In an empirical paper, the estimation methods should be discussed before specifying a model. 
D) The methods for estimating a model are same as the model itself. B

Question 2

​Which of the following is true of the "Introduction" section while writing a paper?

Accepted Answer

A) ​It describes the general approach to answering the questions that have posed. 
B) ​It contains a few equations that one estimate and presents in the results section of the paper. 
C) ​It describes the data used in the empirical analysis. 
D) ​It states the basic objectives of the study and explains its importance. 
A) ​It describes the general approach to answering the questions that have posed. 
B) ​It contains a few equations that one estimate and presents in the results section of the paper. 
C) ​It describes the data used in the empirical analysis. 
D) ​It states the basic objectives of the study and explains its importance. D

Question 3

Which of the following statements is true of stepwise regression?

Accepted Answer

A) In a stepwise regression, the dependent variable is regressed on each independent variable individually with an attempt to understand the effect of each independent variable on the dependent variable. 
B) In a stepwise regression, the dependent variable is regressed on different combinations of the independent variable with an attempt to come up with the best model. 
C) In a stepwise regression, the dependent variable can take up binary values only while the explanatory variables can take up quantitative values. 
D) In a stepwise regression, the dependent variable can take up quantitative values while the explanatory variables can take up only binary values. 
A) In a stepwise regression, the dependent variable is regressed on each independent variable individually with an attempt to understand the effect of each independent variable on the dependent variable. 
B) In a stepwise regression, the dependent variable is regressed on different combinations of the independent variable with an attempt to come up with the best model. 
C) In a stepwise regression, the dependent variable can take up binary values only while the explanatory variables can take up quantitative values. 
D) In a stepwise regression, the dependent variable can take up quantitative values while the explanatory variables can take up only binary values. B

Question 4

Sensitivity analysis is restricted to natural sciences.

Accepted Answer

A) True 
 B)False

Question 5

Instrumental variables can be used to solve misspecification errors related to omitted variables.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following statements is true?

Accepted Answer

A) To carry out OLS estimation, it is necessary that the error terms should be correlated with the explanatory variables. 
B) Measurement error and simultaneity are potential sources of endogeneity. 
C) While entering data for a regression analysis, qualitative explanatory variables should be assigned numerical values. 
D) AR models are best suited for ordered responses. 
A) To carry out OLS estimation, it is necessary that the error terms should be correlated with the explanatory variables. 
B) Measurement error and simultaneity are potential sources of endogeneity. 
C) While entering data for a regression analysis, qualitative explanatory variables should be assigned numerical values. 
D) AR models are best suited for ordered responses.

Question 7

Which of the following statements is true?

Accepted Answer

A) OLS is a model, whereas feasible GLS is an estimation method. 
B) OLS is an estimation method, whereas feasible GLS is a model. 
C) Both OLS and feasible GLS are models. 
D) Both OLS and feasible GLS are estimation methods. 
A) OLS is a model, whereas feasible GLS is an estimation method. 
B) OLS is an estimation method, whereas feasible GLS is a model. 
C) Both OLS and feasible GLS are models. 
D) Both OLS and feasible GLS are estimation methods.

Question 8

The most flexible way to obtain data in electronic form is as a standard _____ file.

Accepted Answer

A) PDF 
B) WMV 
C) text (ASCII) 
D) PPTX 
A) PDF 
B) WMV 
C) text (ASCII) 
D) PPTX

Question 9

Which of the following statements is true?

Accepted Answer

A) If a model has several explanatory variables and several variations to the general model are to be presented, it is better to report the results in an equation form, rather than a tabular form. 
B) If a model has several explanatory variables and several variations to the general model are to be presented, it is better to report the results in a tabular form, rather than an equation form. 
C) The adjusted R-squared should always be listed in the result section of a research paper, while the R-squared may or may not be listed. 
D) The number of observations for each equation should always be listed in the result section of a research paper, while the R-squared may or may not be listed. 
A) If a model has several explanatory variables and several variations to the general model are to be presented, it is better to report the results in an equation form, rather than a tabular form. 
B) If a model has several explanatory variables and several variations to the general model are to be presented, it is better to report the results in a tabular form, rather than an equation form. 
C) The adjusted R-squared should always be listed in the result section of a research paper, while the R-squared may or may not be listed. 
D) The number of observations for each equation should always be listed in the result section of a research paper, while the R-squared may or may not be listed.

Question 10

Time series data should be stored:

Accepted Answer

A) with the earliest time period listed as the first observation, and the most recent time period as the last observation. 
B) with the earliest time period listed as the last observation, and the most recent time period as the first observation. 
C) with the time period in which the concerned variable takes the highest value listed as the first observation, and the time period in which the concerned variable takes the lowest value as the last observation. 
D) with the time period in which the concerned variable takes the lowest value listed as the first observation, and the time period in which the concerned variable takes the highest value as the last observation. 
A) with the earliest time period listed as the first observation, and the most recent time period as the last observation. 
B) with the earliest time period listed as the last observation, and the most recent time period as the first observation. 
C) with the time period in which the concerned variable takes the highest value listed as the first observation, and the time period in which the concerned variable takes the lowest value as the last observation. 
D) with the time period in which the concerned variable takes the lowest value listed as the first observation, and the time period in which the concerned variable takes the highest value as the last observation.

Question 11

Which of the following is a characteristic of a good research question?

Accepted Answer

A) A good research question should have policy implications. 
B) A good research question should be constrained to macroeconomics. 
C) A good research question should be backed by available information. 
D) A good research question should be subjective and not objective. 
A) A good research question should have policy implications. 
B) A good research question should be constrained to macroeconomics. 
C) A good research question should be backed by available information. 
D) A good research question should be subjective and not objective.

Question 12

Which of the following correctly identifies an advantage of entering data in a spreadsheet rather than a text file?

Accepted Answer

A) Data in various websites is more often available as spreadsheets than as text files. 
B) Different observations are more likely to be run together in spreadsheets than in text files. 
C) Spreadsheets are readable on most computers, whereas text files are not. 
D) Spreadsheets allow manipulation of data, whereas text files do not. 
A) Data in various websites is more often available as spreadsheets than as text files. 
B) Different observations are more likely to be run together in spreadsheets than in text files. 
C) Spreadsheets are readable on most computers, whereas text files are not. 
D) Spreadsheets allow manipulation of data, whereas text files do not.

Question 13

The practice of data mining is consistent with the assumptions made in econometric analysis.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following statements is true?

Accepted Answer

A) Graphs should be avoided while introducing a research paper's topic. 
B) The introduction to a research paper should be longer than the conclusion to the research paper. 
C) The summary of a research paper can be presented in the introduction of a research paper. 
D) Statistics should be avoided in introductions for research papers. 
A) Graphs should be avoided while introducing a research paper's topic. 
B) The introduction to a research paper should be longer than the conclusion to the research paper. 
C) The summary of a research paper can be presented in the introduction of a research paper. 
D) Statistics should be avoided in introductions for research papers.

Question 15

Which of the following statements is true of an appropriate data set?

Accepted Answer

A) An appropriate data set should be collected from government registered websites. 
B) An appropriate data set should have enough controls to do a reasonable ceteris paribus analysis. 
C) An appropriate data set should not have time series units. 
D) An appropriate data set should not be based on surveys. 
A) An appropriate data set should be collected from government registered websites. 
B) An appropriate data set should have enough controls to do a reasonable ceteris paribus analysis. 
C) An appropriate data set should not have time series units. 
D) An appropriate data set should not be based on surveys.

Question 16

Which of the following highlights a requirement of a good instrumental variable?

Accepted Answer

A) It should be included in and endogenous to the equation of interest. 
B) It should be included in and exogenous to the equation of interest. 
C) It should be omitted from and exogenous to the equation of interest. 
D) It should be omitted from and endogenous to the equation of interest. 
A) It should be included in and endogenous to the equation of interest. 
B) It should be included in and exogenous to the equation of interest. 
C) It should be omitted from and exogenous to the equation of interest. 
D) It should be omitted from and endogenous to the equation of interest.

Question 17

Which of the followings statements is true?

Accepted Answer

A) The title of a research paper should be mentioned only in the introduction section. 
B) The title page should not include any other information except the title of the research paper. 
C) Graphs and tables should be included in the main body only. 
D) All equations should begin on a new line and should be numbered consecutively. 
A) The title of a research paper should be mentioned only in the introduction section. 
B) The title page should not include any other information except the title of the research paper. 
C) Graphs and tables should be included in the main body only. 
D) All equations should begin on a new line and should be numbered consecutively.

Question 18

Historical data sets are available only in printed form.

Accepted Answer

A) True 
 B)False

Question 19

​The main assumption of OLS for any model is:

Accepted Answer

A) ​to check whether the error term is uncorrelated with the response variable. 
B) ​to check whether the error term is correlated with the explanatory variables. 
C) ​to check whether the error term is uncorrelated with the explanatory variables. 
D) to check whether the error term is correlated with the response variable. 
A) ​to check whether the error term is uncorrelated with the response variable. 
B) ​to check whether the error term is correlated with the explanatory variables. 
C) ​to check whether the error term is uncorrelated with the explanatory variables. 
D) to check whether the error term is correlated with the response variable.

Question 20

For panel data, ​it is best if all the years for each cross-sectional observation are adjacent and in chronological order.

Accepted Answer

A) True 
 B)False

Which of the following statements is true?

Which of the following is true of the "Introduction" section while writing a paper?

Which of the following statements is true of stepwise regression?

Sensitivity analysis is restricted to natural sciences.

Instrumental variables can be used to solve misspecification errors related to omitted variables.

Which of the following statements is true?

Which of the following statements is true?

The most flexible way to obtain data in electronic form is as a standard _____ file.

Which of the following statements is true?

Time series data should be stored:

Which of the following is a characteristic of a good research question?

Which of the following correctly identifies an advantage of entering data in a spreadsheet rather than a text file?

The practice of data mining is consistent with the assumptions made in econometric analysis.

Which of the following statements is true?

Which of the following statements is true of an appropriate data set?

Which of the following highlights a requirement of a good instrumental variable?

Which of the followings statements is true?

Historical data sets are available only in printed form.

The main assumption of OLS for any model is:

For panel data, it is best if all the years for each cross-sectional observation are adjacent and in chronological order.

The Nature of Econometrics and Economic Data

The Simple Regression Model

Multiple Regression Analysis Estimation

Multiple Regression Analysis Inference

Multiple Regression Analysis Ols Asymptotics

Multiple Regression Analysis Further Issues

Multiple Regression Analysis With Qualitative Information

Heteroskedasticity

More on Specification and Data Issues

Basic Regression Analysis With Time Series Data

Further Issues in Using Ols With Time Sries Data

Serial Correlation and Heteroskedasticity in Time Series Regressions

Pooling Cross Sections Across Time Simple Panel Data Methods

Advanced Panel Data Methods

Instrumental Variables Estimation and Two Strage Least Squares

Simultaneous Equations Models

Limited Dependent Variable Models and Sample Selection Correctons

Advanced Time Series Topics

Filters

Exam 19: Carrying Out an Empirical Project

Which of the following statements is true?

​Which of the following is true of the "Introduction" section while writing a paper?

Which of the following statements is true of stepwise regression?

Sensitivity analysis is restricted to natural sciences.

Instrumental variables can be used to solve misspecification errors related to omitted variables.

Which of the following statements is true?

Which of the following statements is true?

The most flexible way to obtain data in electronic form is as a standard _____ file.

Which of the following statements is true?

Time series data should be stored:

Which of the following is a characteristic of a good research question?

Which of the following correctly identifies an advantage of entering data in a spreadsheet rather than a text file?

The practice of data mining is consistent with the assumptions made in econometric analysis.

Which of the following statements is true?

Which of the following statements is true of an appropriate data set?

Which of the following highlights a requirement of a good instrumental variable?

Which of the followings statements is true?

Historical data sets are available only in printed form.

​The main assumption of OLS for any model is:

For panel data, ​it is best if all the years for each cross-sectional observation are adjacent and in chronological order.

The Nature of Econometrics and Economic Data

The Simple Regression Model

Multiple Regression Analysis Estimation

Multiple Regression Analysis Inference

Multiple Regression Analysis Ols Asymptotics

Multiple Regression Analysis Further Issues

Multiple Regression Analysis With Qualitative Information

Heteroskedasticity

More on Specification and Data Issues

Basic Regression Analysis With Time Series Data

Further Issues in Using Ols With Time Sries Data

Serial Correlation and Heteroskedasticity in Time Series Regressions

Pooling Cross Sections Across Time Simple Panel Data Methods

Advanced Panel Data Methods

Instrumental Variables Estimation and Two Strage Least Squares

Simultaneous Equations Models

Limited Dependent Variable Models and Sample Selection Correctons

Advanced Time Series Topics

Filters

Which of the following is true of the "Introduction" section while writing a paper?

The main assumption of OLS for any model is:

For panel data, it is best if all the years for each cross-sectional observation are adjacent and in chronological order.