Exam (elaborations)
BUAN 6312 Exam 1 Questions and Correct Answers
- Course
- Institution
BUAN 6312 Exam 1 Questions and Correct Answers
[Show more]
Seller
Follow
Content preview
<<<<< Elscores <<<<<>>>>> 20/08/2024 08:06>>>>BUAN 6312 Exam 1 Questions and Correct
Answers
In an F test, J is the number of what in the model?
✓ ~: Restrictions
In an F test, K is the number of what in the unrestricted model?
✓ ~: Coefficients including the intercept
Type I error
✓ ~: Rejecting H0 when true
Type II error
✓ ~: Not rejecting H0 when false
Reject H0 if p is ______ than alpha
✓ ~: less
If the chosen model is correct, the plotted residuals should look completely what?
✓ ~: random
What is it called when a relevant variable explanatory variable is left out and causes bias in
other variables?
✓ ~: Omitted variable bias
, <<<<< Elscores <<<<<>>>>> 20/08/2024 08:06>>>>
Irrelevant variables increase what two things for other variables?
✓ ~: SE and p values
When a set of variables have exact collinearity is included in an econometric model, the
coefficient estimates are what?
✓ ~: Undefined
What is not used to evaluate model specifications?
✓ ~: R^2
What is eliminated by including an additional variable in a regression?
✓ ~: Omitted variable bias
Running functions where each explanatory variable is estimated as a function of the other
explanatory variables can help detect what?
✓ ~: Collinearity
How does omitting a relevant variable affect the other coefficients?
✓ ~: They are biased in either direction
The coefficients of collinear variables in an econometric model have larger what?
✓ ~: Standard error
An interaction term is a variable that is what?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Examify. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now