Question 1

_____ is the best criteria to judge the validity of a model :

Accepted Answer

A) Assumptions 
B) Information it provides 
C) Its simplicity 
D) predictive power 
A) Assumptions 
B) Information it provides 
C) Its simplicity 
D) predictive power D

Question 2

Heteroscedasticity implies

Accepted Answer

A) equal spread 
B) unequal spread 
C) equal mean 
D) equal variance 
A) equal spread 
B) unequal spread 
C) equal mean 
D) equal variance B

Question 3

____ is a simplified description of reality, designed to yield hypothesis about economic behaviour that can be tested.

Accepted Answer

A) theory 
B) postulate 
C) proposition 
D) economic model 
A) theory 
B) postulate 
C) proposition 
D) economic model B

Question 4

____ models are mathematical models designed to be used with data.

Accepted Answer

A) Empirical 
B) Visual 
C) Mathematical 
D) Simulation 
A) Empirical 
B) Visual 
C) Mathematical 
D) Simulation

Question 5

Which of the following is used to measure the degree of association between two variables

Accepted Answer

A) coefficient of determination 
B) coefficient of correlation 
C) standard error d standar 
D) deviation 
A) coefficient of determination 
B) coefficient of correlation 
C) standard error d standar 
D) deviation

Question 6

The numerical value of coefficient of determination lies between

Accepted Answer

A) -1 and 1 
B) 0 and 1 
C) -? to +? 
D) -? to 1 
A) -1 and 1 
B) 0 and 1 
C) -? to +? 
D) -? to 1

Question 7

Economic theory makes statements that are mostly

Accepted Answer

A) quantitative 
B) qualitative 
C) positive 
D) none of the above 
A) quantitative 
B) qualitative 
C) positive 
D) none of the above

Question 8

The classical theory of statistical inference consists of

Accepted Answer

A) estimation and hypothesis testing 
B) regression and correlation 
C) averages and dispersion 
D) none of the above 
A) estimation and hypothesis testing 
B) regression and correlation 
C) averages and dispersion 
D) none of the above

Question 9

The rejecting of a true hypothesis is called

Accepted Answer

A) type i error 
B) type ii error 
C) standard error 
D) point estimation 
A) type i error 
B) type ii error 
C) standard error 
D) point estimation

Question 10

The accepting of a false hypothesis is called

Accepted Answer

A) type i error 
B) type ii error 
C) standard error 
D) point estimation 
A) type i error 
B) type ii error 
C) standard error 
D) point estimation

Question 11

Given any two X values the classical linear regression model assumes the correlation between the disturbances as

Accepted Answer

A) one 
B) infinity 
C) negative 
D) zero 
A) one 
B) infinity 
C) negative 
D) zero

Question 12

The literal meaning of econometrics is

Accepted Answer

A) estimation 
B) economic measurement 
C) forecasting 
D) testing 
A) estimation 
B) economic measurement 
C) forecasting 
D) testing

Question 13

The summary measure used to measure the goodness of fit of a regression line

Accepted Answer

A) coefficient of determination 
B) coefficient of variation 
C) standard error d standar 
D) deviation 
A) coefficient of determination 
B) coefficient of variation 
C) standard error d standar 
D) deviation

Question 14

in the regression context, the OLS estimators are BLUE according to

Accepted Answer

A) central limit theorem 
B) gauss markov theorem 
C) young theorem 
D) fisher's theorem 
A) central limit theorem 
B) gauss markov theorem 
C) young theorem 
D) fisher's theorem

Question 15

The larger the standard error, the ----- the width of the confidence interval

Accepted Answer

A) smaller 
B) larger 
C) infinity 
D) cannot calculate 
A) smaller 
B) larger 
C) infinity 
D) cannot calculate

Question 16

Abstraction from reality is made based on :

Accepted Answer

A) assumptions 
B) prediction 
C) theory 
D) hypothesis 
A) assumptions 
B) prediction 
C) theory 
D) hypothesis

Question 17

-? represents:

Accepted Answer

A) Diminishing returns to scale 
B) Increasing returns to scale 
C) Constant returns to scale 
D) None of the above 
A) Diminishing returns to scale 
B) Increasing returns to scale 
C) Constant returns to scale 
D) None of the above

Question 18

In the function, Q= ?+?P, the intercept coefficient is

Accepted Answer

A) ? 
B) ? 
C) p 
D) q 
A) ? 
B) ? 
C) p 
D) q

Question 19

The given function f (x) = ax + b, is an example of ____ function:

Accepted Answer

A) quadratic 
B) polynomial 
C) linear 
D) rational 
A) quadratic 
B) polynomial 
C) linear 
D) rational

Question 20

which is the dependent variable in the Keynesian consumption function

Accepted Answer

A) income 
B) consumption 
C) price 
D) output 
A) income 
B) consumption 
C) price 
D) output

_____ is the best criteria to judge the validity of a model :

Heteroscedasticity implies

____ is a simplified description of reality, designed to yield hypothesis about economic behaviour that can be tested.

____ models are mathematical models designed to be used with data.

Which of the following is used to measure the degree of association between two variables

The numerical value of coefficient of determination lies between

Economic theory makes statements that are mostly

The classical theory of statistical inference consists of

The rejecting of a true hypothesis is called

The accepting of a false hypothesis is called

Given any two X values the classical linear regression model assumes the correlation between the disturbances as

The literal meaning of econometrics is

The summary measure used to measure the goodness of fit of a regression line

in the regression context, the OLS estimators are BLUE according to

The larger the standard error, the ----- the width of the confidence interval

Abstraction from reality is made based on :

-? represents:

In the function, Q= ?+?P, the intercept coefficient is

The given function f (x) = ax + b, is an example of ____ function:

which is the dependent variable in the Keynesian consumption function

Econometrics and Keynesian Linear Consumption Function

Understanding Statistical Relationships and Models in Economics

Regression Analysis and Estimation

Economics Functions and Elasticities

Economics and Linear Programming: Understanding Concepts and Terminologies

Market Structures and Pricing Strategies

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Exam 4: Econometrics and Regression Analysis

_____ is the best criteria to judge the validity of a model :

Heteroscedasticity implies

____ is a simplified description of reality, designed to yield hypothesis about economic behaviour that can be tested.

____ models are mathematical models designed to be used with data.

Which of the following is used to measure the degree of association between two variables

The numerical value of coefficient of determination lies between

Economic theory makes statements that are mostly

The classical theory of statistical inference consists of

The rejecting of a true hypothesis is called

The accepting of a false hypothesis is called

Given any two X values the classical linear regression model assumes the correlation between the disturbances as

The literal meaning of econometrics is

The summary measure used to measure the goodness of fit of a regression line

in the regression context, the OLS estimators are BLUE according to

The larger the standard error, the ----- the width of the confidence interval

Abstraction from reality is made based on :

-? represents:

In the function, Q= ?+?P, the intercept coefficient is

The given function f (x) = ax + b, is an example of ____ function:

which is the dependent variable in the Keynesian consumption function

Econometrics and Keynesian Linear Consumption Function

Understanding Statistical Relationships and Models in Economics

Regression Analysis and Estimation

Economics Functions and Elasticities

Economics and Linear Programming: Understanding Concepts and Terminologies

Market Structures and Pricing Strategies

Filters