Question 1

A one-tail test of significance would be used to determine whether

Accepted Answer

A) demand for a good is price elastic. 
B) two goods are substitutes for each other in supply. 
C) two goods are unrelated to each other in demand. 
D) supply of a good is price inelastic. 
A) demand for a good is price elastic. 
B) two goods are substitutes for each other in supply. 
C) two goods are unrelated to each other in demand. 
D) supply of a good is price inelastic.

Question 2

Explain the difference between Cross-Section and Time-Series Regression Analysis.

Accepted Answer

Cross-section analysis examine

Question 3

The t-statistic is computed by

Accepted Answer

A) dividing the regression coefficient by the standard error of the estimate. 
B) dividing the regression coefficient by the standard error of the coefficient. 
C) dividing the standard error of the coefficient by the regression coefficient. 
D) dividing the R2 by the F-statistic. 
A) dividing the regression coefficient by the standard error of the estimate. 
B) dividing the regression coefficient by the standard error of the coefficient. 
C) dividing the standard error of the coefficient by the regression coefficient. 
D) dividing the R2 by the F-statistic.

Question 4

When the R2 of a regression equation is very high,it indicates that

Accepted Answer

A) all the coefficients are statistically significant. 
B) the intercept term has no economic meaning. 
C) a high proportion of the variation in the dependent variable can be accounted for by the variation in the independent variables. 
D) there is a good chance of serial correlation and so the equation must be discarded. 
A) all the coefficients are statistically significant. 
B) the intercept term has no economic meaning. 
C) a high proportion of the variation in the dependent variable can be accounted for by the variation in the independent variables. 
D) there is a good chance of serial correlation and so the equation must be discarded.

Question 5

What are the key steps for analyzing Demand functions based on Regression results?

Accepted Answer

Check signs and magn

Question 6

Explain the difference between the Moving Average and Exponential Smoothing approaches to forecasting.

Accepted Answer

The Moving Average approach assigns equa

Question 7

The Delphi method is a

Accepted Answer

A) smoothing technique in forecasting. 
B) consensual forecast based on expert opinions. 
C) compound growth approach to forecasting. 
D) naïve forecasting approach. 
A) smoothing technique in forecasting. 
B) consensual forecast based on expert opinions. 
C) compound growth approach to forecasting. 
D) naïve forecasting approach.

Question 8

In using regression analysis to estimate demand,which of the following problems is most directly a result of insufficient data?

Accepted Answer

A) the identification problem 
B) the problem of a low R2 
C) the problem of high standard errors 
D) the problem of insignificant F-statistics 
A) the identification problem 
B) the problem of a low R2 
C) the problem of high standard errors 
D) the problem of insignificant F-statistics

Question 9

What is multicollinearity? In general,how would you know if you had a problem with multicollinearity,and how could you correct it?

Accepted Answer

Multicollinearity occurs when the indepe

Question 10

The method of forecasting with leading indicators can be criticized for

Accepted Answer

A) occasionally forecasting a recession when none ensues. 
B) forecasting the direction of the economy but not the size of the change in economic activity. 
C) frequent revisions of data after original publication. 
D) All of the above 
A) occasionally forecasting a recession when none ensues. 
B) forecasting the direction of the economy but not the size of the change in economic activity. 
C) frequent revisions of data after original publication. 
D) All of the above

A one-tail test of significance would be used to determine whether

Explain the difference between Cross-Section and Time-Series Regression Analysis.

The t-statistic is computed by

When the R² of a regression equation is very high,it indicates that

What are the key steps for analyzing Demand functions based on Regression results?

Explain the difference between the Moving Average and Exponential Smoothing approaches to forecasting.

The Delphi method is a

In using regression analysis to estimate demand,which of the following problems is most directly a result of insufficient data?

What is multicollinearity? In general,how would you know if you had a problem with multicollinearity,and how could you correct it?

The method of forecasting with leading indicators can be criticized for

Introduction

The Firm and Its Goals

Supply and Demand

Demand Elasticity

The Theory and Estimation of Production Appendices 6A,6B,and 6C

The Theory and Estimation of Cost Appendices 7A,7B,and 7C

Pricing and Output Decisions: Perfect Competition and Monopoly Appendices 8A and 8B

Pricing and Output Decisions: Monopolistic Competition and Oligopoly

Special Pricing Practices

Game Theory and Asymmetric Information

Capital Budgeting and Risk

The Multinational Corporation in a Global Setting

Government and Industry: Challenges and Opportunities for Todays Manager

The Global Soft Drink Industry

Filters

Exam 5: Demand Estimation and Forecasting Appendices 5A and 5B

A one-tail test of significance would be used to determine whether

Explain the difference between Cross-Section and Time-Series Regression Analysis.

The t-statistic is computed by

When the R2 of a regression equation is very high,it indicates that

What are the key steps for analyzing Demand functions based on Regression results?

Explain the difference between the Moving Average and Exponential Smoothing approaches to forecasting.

The Delphi method is a

In using regression analysis to estimate demand,which of the following problems is most directly a result of insufficient data?

What is multicollinearity? In general,how would you know if you had a problem with multicollinearity,and how could you correct it?

The method of forecasting with leading indicators can be criticized for

Introduction

The Firm and Its Goals

Supply and Demand

Demand Elasticity

The Theory and Estimation of Production Appendices 6A,6B,and 6C

The Theory and Estimation of Cost Appendices 7A,7B,and 7C

Pricing and Output Decisions: Perfect Competition and Monopoly Appendices 8A and 8B

Pricing and Output Decisions: Monopolistic Competition and Oligopoly

Special Pricing Practices

Game Theory and Asymmetric Information

Capital Budgeting and Risk

The Multinational Corporation in a Global Setting

Government and Industry: Challenges and Opportunities for Todays Manager

The Global Soft Drink Industry

Filters

When the R² of a regression equation is very high,it indicates that