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Econometrics Assignment

Econometrics is the integration of economic theory, statistics, and mathematical economics to estimate economic relationships and test hypotheses. The document discusses key econometric concepts including types of data, dependent and independent variables, economic models, regression, sampling, and parameters. It also provides true/false and multiple choice questions to test understanding of topics like disturbance terms, reasons for their existence, reasons firms use econometrics, variables studied, and characteristics of econometric models.

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etebark h/michale
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176 views2 pages

Econometrics Assignment

Econometrics is the integration of economic theory, statistics, and mathematical economics to estimate economic relationships and test hypotheses. The document discusses key econometric concepts including types of data, dependent and independent variables, economic models, regression, sampling, and parameters. It also provides true/false and multiple choice questions to test understanding of topics like disturbance terms, reasons for their existence, reasons firms use econometrics, variables studied, and characteristics of econometric models.

Uploaded by

etebark h/michale
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Econometrics Assignment

i. Group
1. Define the word econometrics and explain its uses, importance, and goals.
2. Discuss the types of data (cross-sectional, longitudinal)?
3. What is experimental data?
4. Explain about the dependent and independent variables.
5. Discuss the phrases Economic model, regression, sample, population, and
parameters of econometric model,
6. Discuss about single and multiple regression
7. List the steps followed during an econometric model.

ii. Individual

True or false
1. Regression is not an important tool for econometric estimation.
2. Model is the simplified representation of actual real phenomena.
3. Econometric model includes disturbance terms.
4. An econometric model will either by linear or non-linear in parameters and
variables.
5. Econometric model may be used for hypothesis testing.
Multiple choices
1. Econometrics is the science which integrates the following except.
A. Economic theory C. Mathematical economics
B. Economic statistics D. Biological hybridization
2. Which one of the following is a basic structural element of Economic
model?
A. A set of variables B. A list of fundamental
relationships

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C.A number of strategic coefficient D. All
3. Which of the following is not a reason for existence of disturbance term?
A. Omission of explanatory variables C. Functional miss specification
B. Model miss specification D. All
4. Why do firm owners use econometric?
A. To aid decisions on prices C. To aid decision on production
B. To aid decision on inventory D. All of the above
5. Which is a not phenomenon studied under econometrics?
A. Consumption pattern C. Supply
B. Production and cost D. none
6. A dependent variable is also known as a(n) _____.
A. Explanatory variable C. Predictor variable
B. Control variable D. Response variable
7. In the equation Y = β0 + β1X + e, β0 is the _____.
A. dependent variable C. slope parameter
B. independent variable D. Y intercept parameter
8. High (but not perfect) correlation between two or more independent
variables is called _____.
A. Heteroskedasticty C. Multicollinearity
B. Homoskedasticty D. Micronumerosity
9. The value of R2 always _____.
A. Lies below 0 C. Lies between 0 and 1
B. Lies above 1 D. Lies between 1 and 1.5
10.A type of data collected from the sample respondents directly through
informal discussion is____.
A. Primary data C. Both A & B
B. Secondary data D. None

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