Question 1

Student t test is preferred in the case of a,

Accepted Answer

A) large sample 
B) small sample 
C) when sample is below 50 
D) when sample is above 50 B

Question 2

When a north Indian town data and south Indian data are totalled, it leads to the problem of _________aggregation.

Accepted Answer

A) national 
B) regional 
C) spatial 
D) heterogeneous C

Question 3

Among the following, which is an assumption of OLS

Accepted Answer

A) the explanatory variables are measurable 
B) the relationship being estimated is identified 
C) error term and independent variables are related 
D) error term and independent variables are linearly related B

Question 4

Cobb Douglas production function is an example of

Accepted Answer

A) linear model 
B) double log model 
C) lin log model 
D) log lin model

Question 5

Regressor refers to

Accepted Answer

A) independent variable 
B) dependent variable 
C) error term 
D) dummy variable

Question 6

The starting point of econometric analysis is

Accepted Answer

A) model specification 
B) formulation of alternative hypothesis 
C) formulation of null hypothesis 
D) collection of data

Question 7

Econometrics model is ___________model

Accepted Answer

A) exogenous 
B) endogenous 
C) identified 
D) either exogenous or endogenous

Question 8

In perfect linear model, we assume that regression coefficient remains _________

Accepted Answer

A) variable until some point 
B) variable through out 
C) constant to some point 
D) constant through out

Question 9

The property of average or expected value is equal to true value of the coefficient is the property of

Accepted Answer

A) zero variance 
B) minimum variance 
C) zero mean 
D) minimum mean

Question 10

The term econometrics was coined by

Accepted Answer

A) marsahll 
B) pawel 
C) ragnar frisch 
D) pareto

Question 11

The test of shifting the base is called

Accepted Answer

A) unit test 
B) time reversal test 
C) circular test 
D) none of the above

Question 12

In econometric models, t+1 indicates,

Accepted Answer

A) net addition 
B) current value with some fluctuations 
C) expected value 
D) none of these

Question 13

The power of a statistical test is defined as,

Accepted Answer

A) 1?? 
B) 1 + ? 
C) 1 
D) ?

Exam 7: Econometrics and Price Indexes: Statistical Models and Analysis