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BUAN 6312 Exam 1 UPDATED ACTUAL Questions and CORRECT Answers

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  • BUAN 6312

BUAN 6312 Exam 1 UPDATED ACTUAL Questions and CORRECT Answers In an F test, J is the number of what in the model? - CORRECT ANSWER- Restrictions In an F test, K is the number of what in the unrestricted model? - CORRECT ANSWER- Coefficients including the intercept Type I error - CORRECT ANSWE...

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  • October 31, 2024
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  • Exam (elaborations)
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  • BUAN 6312
  • BUAN 6312
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BUAN 6312 Exam 1 UPDATED ACTUAL
Questions and CORRECT Answers
In an F test, J is the number of what in the model? - CORRECT ANSWER- ✔✔Restrictions


In an F test, K is the number of what in the unrestricted model? - CORRECT ANSWER-
✔✔Coefficients including the intercept



Type I error - CORRECT ANSWER- ✔✔Rejecting H0 when true



Type II error - CORRECT ANSWER- ✔✔Not rejecting H0 when false



Reject H0 if p is ______ than alpha - CORRECT ANSWER- ✔✔less


If the chosen model is correct, the plotted residuals should look completely what? -
CORRECT ANSWER- ✔✔random


What is it called when a relevant variable explanatory variable is left out and causes bias in
other variables? - CORRECT ANSWER- ✔✔Omitted variable bias


Irrelevant variables increase what two things for other variables? - CORRECT ANSWER-
✔✔SE and p values


When a set of variables have exact collinearity is included in an econometric model, the
coefficient estimates are what? - CORRECT ANSWER- ✔✔Undefined



What is not used to evaluate model specifications? - CORRECT ANSWER- ✔✔R^2


What is eliminated by including an additional variable in a regression? - CORRECT
ANSWER- ✔✔Omitted variable bias

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