econometrics is the branch of economics that correct answers develops and uses statistical methods for estimating economic relationships
nonexperimental data is called correct answers time series data
which of the following is true of experimental data correct answers experimental data are co...
Econometrics Final MC || A Verified A+ Pass.
econometrics is the branch of economics that correct answers develops and uses statistical
methods for estimating economic relationships
nonexperimental data is called correct answers time series data
which of the following is true of experimental data correct answers experimental data are
collected in laboratory environments in the natural sciences
an empirical analysis relies on _____ to test a theory correct answers data
the error term "u" is usually referred to as the correct answers error term
the parameters of an econometric model _____ correct answers describe the strength of the
relationship between the variable under study adn the factors affecting it
which of the following is the first step in empirical economic analysis correct answers
specification of an econometric model
a data set that consists of a sample of individuals, households, firms, cities, states, countries, or a
variety of other units, taken at a given point in time, is called a correct answers cross-sectional
data set
data on the income of law graduates collected at different times during the same year is correct
answers cross sectional data
a data set that consists of observations on a variable or several variables over time is called a
_____ data set correct answers time series
which of the following is an example of time series data correct answers data on the gross
domestic product of a country over a period of 10 years
which of the following refers to panel data correct answers data on the birth rate, death rate, and
population growth rate in developing countries over a 10-year period
which of the following is a difference between panel and pooled cross-sectional data correct
answers a panel data set consists of data on the same cross-sectional units over a given period of
time while a pooled data set conists of data on different cross-sectional units over a given period
of time
______ has a causal effect on ____ correct answers incomefi, consumption
which of the following is true correct answers the notion of 'ceteris paribus' plays an important
role in causal analysis
, experimental data are sometimes called retrospective data correct answers false
an economic model consists of mathematical equations that describe various relationships
between
economic variables correct answers true
A cross-sectional data set consists of observations on a variable or several variables over time
correct answers false
a time series data is also called a longitudinal set correct answers false
the notion of ceteris paribus means "all factors being equal" correct answers true
a dependent variable is also known as a correct answers response variable
if a change in variable x causes a change in variable y, variable x is called the correct answers
explanatory variable
In the equation y =
β0+β1x + u,β0 is the ____ correct answers intercept parameter
In the equation y =
β0 +β1x + u, what is the estimated value of
β0 correct answers y−β1x
if the simple regression has hats over the parameters this is the correct answers sample regression
function
Consider the following regression model: y = β0 + β1x1 + u. Which of the following is a
property of
Ordinary Least Square (OLS) estimates of this model and their associated statistics correct
answers the point (x',y') always lies on the OLS regression line
The explained sum of squares for the regression function,
yi=β0+β1x1+u1
, is defined as _____ correct answers sum of (yi -yhat)^2
if the total sum of squares (SST) in a regression equation is 81, and the residual sum of squares
(SSR) is 25, what is the explained sum of squares (SSE) correct answers 56
if the SSR is 66 and the SST is 90, what is the R-squared vvalue (co-efficient of determination)
correct answers .27
which of the following is a nonlinear regression model correct answers y = 1 / (β0 + β1x) + u
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