Consider the following regression equation: y = 0+ 1x1+ …+ k xk + u In which of the following cases, the dependent variable is binary?

A) y indicates the gross domestic product of a country B) y indicates whether an adult is a college dropout C) y indicates household consumption expenditure D) y indicates the number of children in a family A) y indicates the gross domestic product of a country B) y indicates whether an adult is a college dropout C) y indicates household consumption expenditure D) y indicates the number of children in a family

The following simple model is used to determine the annual savings of an individual on the basis of his annual income and education. Savings = β0 + 0 Edu + β1Inc + u The variable 'Edu' takes a value of 1 if the person is educated and the variable 'Inc' measures the income of the individual. Refer to the model above. The benchmark group in this model is _____.

A) the group of educated people B) the group of uneducated people C) the group of individuals with a high income D) the group of individuals with a low income A) the group of educated people B) the group of uneducated people C) the group of individuals with a high income D) the group of individuals with a low income

In the following regression equation, y is a binary variable: y = 0+ 1x1+… k xk+ u In this case, the estimated slope coefficient, measures _____.

A) the predicted change in the value of y when x1 increases by one unit, everything else remaining constant B) the predicted change in the value of y when x1 decreases by one unit, everything else remaining constant C) the predicted change in the probability of success when x1 decreases by one unit, everything else remaining constant D) the predicted change in the probability of success when x1 increases by one unit, everything else remaining constant A) the predicted change in the value of y when x1 increases by one unit, everything else remaining constant B) the predicted change in the value of y when x1 decreases by one unit, everything else remaining constant C) the predicted change in the probability of success when x1 decreases by one unit, everything else remaining constant D) the predicted change in the probability of success when x1 increases by one unit, everything else remaining constant

Exam 7: Multiple Regression Analysis With Qualitative Information

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The sum of squared residuals form of the F statistic can be computed easily even when many independent variables are involved; this particular F statistic is usually called the _____ in econometrics.

(Multiple Choice)

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Question 21

Consider the model: log (wage) = + female + graduate + female * graduate + u , where graduate is a dummy variable (1 if the person has graduated from college, and 0 otherwise), and female is a dummy variable (1 if the person is female, and 0 otherwise). Which of the following measures the return of graduating from college for men?

(Multiple Choice)

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Question 22

Consider the following regression equation: y = ₀+ ₁x₁+ …+ _k x_k+ u In which of the following cases, the dependent variable is binary?

(Multiple Choice)

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Question 23

The following simple model is used to determine the annual savings of an individual on the basis of his annual income and education. Savings = β₀ + ₀ Edu + β₁Inc + u The variable 'Edu' takes a value of 1 if the person is educated and the variable 'Inc' measures the income of the individual. Refer to the model above. The benchmark group in this model is _____.

(Multiple Choice)

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Question 24

Which of the following is true of dummy variables?

(Multiple Choice)

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Question 25

The quarterly increase in an employee's salary depends on the rating of his work by his employer and several other factors as shown in the model below: Increase in salary= 0+ 0Rating + other factors. The variable 'Rating' is a(n) _____.

(Multiple Choice)

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Question 26

In the following regression equation, y is a binary variable: y = ₀+ ₁x₁+… _k x_k+ u In this case, the estimated slope coefficient, measures _____.

(Multiple Choice)

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Question 27

A binary variable is a variable whose value changes with a change in the number of observations.

(True/False)

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Question 28

Showing 21 - 28 of 28

The sum of squared residuals form of the F statistic can be computed easily even when many independent variables are involved; this particular F statistic is usually called the _____ in econometrics.

Consider the following regression equation: y = ₀+ ₁x₁+ …+ _k x_k+ u In which of the following cases, the dependent variable is binary?

Which of the following is true of dummy variables?

The quarterly increase in an employee's salary depends on the rating of his work by his employer and several other factors as shown in the model below: Increase in salary= 0+ 0Rating + other factors. The variable 'Rating' is a(n) _____.

In the following regression equation, y is a binary variable: y = ₀+ ₁x₁+… _k x_k+ u In this case, the estimated slope coefficient, measures _____.

A binary variable is a variable whose value changes with a change in the number of observations.

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

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

Carrying Out an Empirical Project

Filters

Exam 7: Multiple Regression Analysis With Qualitative Information

The sum of squared residuals form of the F statistic can be computed easily even when many independent variables are involved; this particular F statistic is usually called the _____ in econometrics.

Consider the following regression equation: y = 0+ 1x1+ …+ k xk + u In which of the following cases, the dependent variable is binary?

Which of the following is true of dummy variables?

The quarterly increase in an employee's salary depends on the rating of his work by his employer and several other factors as shown in the model below: Increase in salary= 0+ 0​Rating + other factors. The variable 'Rating' is a(n) _____.

In the following regression equation, y is a binary variable: y = 0+ 1x1+… k xk+ u In this case, the estimated slope coefficient, measures _____.

A binary variable is a variable whose value changes with a change in the number of observations.

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

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

Carrying Out an Empirical Project

Filters

Consider the following regression equation: y = ₀+ ₁x₁+ …+ _k x_k+ u In which of the following cases, the dependent variable is binary?

The quarterly increase in an employee's salary depends on the rating of his work by his employer and several other factors as shown in the model below: Increase in salary= 0+ 0Rating + other factors. The variable 'Rating' is a(n) _____.

In the following regression equation, y is a binary variable: y = ₀+ ₁x₁+… _k x_k+ u In this case, the estimated slope coefficient, measures _____.