Exam 7: Multiple Regression Analysis With Qualitative Information: Binary or Dummy Variables

The dummy variable coefficient for a particular group represents the estimated difference in intercepts between that group and the base group.

(True/False)

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Question 21

The following simple model is used to determine the annual savings of an individual on the basis of his annual income and education. Savings = 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 inclusion of another binary variable in this model that takes a value of 1 if a person is uneducated, will give rise to the problem of _____.

(Multiple Choice)

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Question 22

If the p-value of an F statistic 2.63 is 0.034, then we can say that the problem of interest is significant at the 5% level.

(True/False)

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Question 23

In a self-selection problem, the explanatory variables can be:

(Multiple Choice)

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Question 24

Which of the following is true of dependent variables?

(Multiple Choice)

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Question 25

Showing 21 - 25 of 25

The dummy variable coefficient for a particular group represents the estimated difference in intercepts between that group and the base group.

If the p-value of an F statistic 2.63 is 0.034, then we can say that the problem of interest is significant at the 5% level.

In a self-selection problem, the explanatory variables can be:

Which of the following is true of dependent variables?

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 Problems

Basic Regression Analysis With Time Series Data

Further Issues in Using Ols With Time Series 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 Stage Least Squares

Simultaneous Equations Models

Limited Dependent Variable Models and Sample Selection Corrections

Advanced Time Series Topics

Carrying Out an Empirical Project

Filters

Exam 7: Multiple Regression Analysis With Qualitative Information: Binary or Dummy Variables

The dummy variable coefficient for a particular group represents the estimated difference in intercepts between that group and the base group.

If the p-value of an F statistic 2.63 is 0.034, then we can say that the problem of interest is significant at the 5% level.​

In a self-selection problem, the explanatory variables can be:​

Which of the following is true of dependent variables?

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 Problems

Basic Regression Analysis With Time Series Data

Further Issues in Using Ols With Time Series 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 Stage Least Squares

Simultaneous Equations Models

Limited Dependent Variable Models and Sample Selection Corrections

Advanced Time Series Topics

Carrying Out an Empirical Project

Filters

If the p-value of an F statistic 2.63 is 0.034, then we can say that the problem of interest is significant at the 5% level.

In a self-selection problem, the explanatory variables can be: