Econometrics exam - Study guides, Class notes & Summaries

Week 1 (Chapter 1) Introduction to Econometrics Exam Questions and Answers 100% Pass Verified & Updated What is econometrics based upon? -Answer-the development of statistical methods for: 1) Estimating economic relationships 2) Testing economic theories 3) Evaluating and implementing government and business policy What is a common application of econometrics? -Answer-forecasting of important macroeconomic variables as: 1) interest rates 2) inflation rates 3) Gross domestic product (G...

holding x2 constant, a 1 unit increase in x1 is associated with

Complete summary of the exam material for the course Introduction to Time Series and Dynamic Econometrics in the 3th year of the Bachelor of Econometrics at the Vrije Universiteit Amsterdam, or the minor Applied Econometrics. The summary is in English. All lectures are in the summary, with extra information on some more complex topics.

What happens if an irrelevant x is included in the regression model? correct answers As estimators (betas) are unbiased, the estimate of the coefficient will generally be around 0. This inclusion has an undesirable effect on the variance of the other estimators. What happens if a relevant variable is omitted? correct answers The estimators (betas) will be biased (over or under-estimated). Omitted variable bias! What is the difference between the Breusch-Pagan test and the White-test? cor...

Week 1 (Chapter 1) Introduction to Econometrics Exam Questions and Answers 100% Pass Verified & Updated What is econometrics based upon? -Answer-the development of statistical methods for: 1) Estimating economic relationships 2) Testing economic theories 3) Evaluating and implementing government and business policy What is a common application of econometrics? -Answer-forecasting of important macroeconomic variables as: 1) interest rates 2) inflation rates 3) Gross domestic product (G...

Econometrics Exam 2 with 100% Correct Answers

Week 1 (Chapter 1) Introduction to Econometrics Exam Questions and Answers 100% Pass Verified & Updated What is econometrics based upon? -Answer-the development of statistical methods for: 1) Estimating economic relationships 2) Testing economic theories 3) Evaluating and implementing government and business policy What is a common application of econometrics? -Answer-forecasting of important macroeconomic variables as: 1) interest rates 2) inflation rates 3) Gross domestic product (G...

You estimate a model with 4 explanatory variables, and in intercept from a data set with 200 observations. To test hypotheses on this model you should use a t-distribution with how many degrees of freedom? a. 196 b. 194 ity d. 195 correct answers d. 195 When should a right-tailed significance test be used? a. when economic theory suggests the coefficient should be positive b. when it allows you to reject the null hypothesis c. when economic theory suggests the coefficient should be neg...

Econometrics Exam 2 with 100% Correct Answers

Econometrics Exam 2 with complete solution