Buan 6312 exam 2 - Study guides, Class notes & Summaries

BUAN 6312 Exam 2 Practice Questions and Answers Endogeniety - ANSWER-Correlation between explanatory variable and error term Endogeniety causes the least squares estimator to be what? - ANSWER-Biased and inconsistent When what is correlated with the explanatory variable, the regression error will be correlated with the explanatory variable? - ANSWER-Omitted variable Instrumental variables have no effect on what? - ANSWER-Y Instrumental variables cannot be correlated with ___ but must be c...

BUAN 6312 Exam 1 Expected Questions and Answers In an F test, J is the number of what in the model? - ANSWER-Restrictions In an F test, K is the number of what in the unrestricted model? - ANSWER-Coefficients including the intercept Type I error - ANSWER-Rejecting H0 when true Type II error - ANSWER-Not rejecting H0 when false Reject H0 if p is ______ than alpha - ANSWER-less If the chosen model is correct, the plotted residuals should look completely what? - ANSWER- random What is it ...