(1) Introduction to Econometrics EXAM QUESTIONS AND ANSWERS 100% CORRECT!
8 views 0 purchase
Course
Introduction to Econometrics EXA
Institution
Introduction To Econometrics EXA
What is MPC mean? what does it measure? - ANSWER Marginal propensity to consume
The change in consumption per unit change in income
If we can't find evidence against a particular model, what can we conclude about the model? - ANSWER We can say that the model conforms to the available facts, a...
, (1) Introduction to Econometrics EXAM
QUESTIONS AND ANSWERS 100%
CORRECT!
What does econometrics mean? How is it measured? - ANSWER Measurement in
economics
Statistical and mathematical analysis of data to give empirical content to theories and
verifying or refuting them.
What is MPC mean? what does it measure? - ANSWER Marginal propensity to
consume
The change in consumption per unit change in income
If we can't find evidence against a particular model, what can we conclude about the
model? - ANSWER We can say that the model conforms to the available facts, and can
be used in economic forecasting.
If we can find evidence against a particular model, what can we conclude about the
model? - ANSWER We can say that the model does not conform to reality, and
economic theory based on this model should be discarded or modified.
What do experimenters describe randomised exogenous built testing as? Why? -
ANSWER The gold standard, as they best describe a causal inference
What are the 4 steps in empirical analysis? - ANSWER 1. A precise posed question
2. Specifying an economic model
3. Turn the economic model into econometric model
4. Collect data, use stat methods to estimate parameters, construct confidence intervals
and test hypothesis
What does econometrics provide with regard to economic models and economic data? -
ANSWER It provides the framework for confronting economic models with economic
data.
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 Luckyexams. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
