Chapter 12: Introduction to Statistical Methods and EconometricsMarch 12, 2024 Maven Leave a Comment Welcome to the Chapter 12: Introduction to Statistical Methods and Econometrics Quiz! This quiz is based on the book back questions. Name Email 1. If the points on the scatter diagram indicate that as one variable increases the other variable tends to decrease the value of r will be: (a) Perfect positive (b) Perfect negative (c) Negative (d) Zero None 2. A measure of the strength of the linear relationship that exists between two variables is called: (a) Slope (b) Intercept (c) Correlation coefficient (d) Regression equation None 3. If both variables X and Y increase or decrease simultaneously, then the coefficient of correlation will be: (a) Positive (b) Negative (c) Zero (d) One None 4. The data collected by questionnaires are_____________. (a) Primary data. (b) Secondary data. (c) Published data. (d) Grouped data. None 5. The purpose of simple linear regression analysis is to: (a) Predict one variable from another variable (b) Replace points on a scatter diagram by a straight-line (c) Measure the degree to which two variables are linearly associated (d) Obtain the expected value of the independent random variable for a given value of the dependent variable None 6. Sources of secondary data are ___________. (a) Published sources (b) Unpublished sources (c) neither published nor unpublished sources (d) Both (A) and (B) None 7. The value of the coefficient of correlation r lies between: (a) 0 and 1 (b) -1 and 0 (c) -1 and +1 (d) -0.5 and +0.5 None 8. The word ‘statistics’ is used as __________. (a) Singular (b) Plural (c) Singular and Plural (d) None of above None 9. Who stated that statistics as a science of estimates and probabilities. (a) Horace Secrist (b) R.A Fisher (c) Ya-Lun-Chou (d) Boddington None 10. The term regression was used by: (a) Newton (b) Pearson (c) Spearman (d) Galton None 11. The term Uiin regression equation is (a) Residuals (b) Standard error (c) Stochastic error term (d) none None 12. Econometric is the word coined by (a) Francis Galton (b) RagnarFrish (c) Karl Person (d) Spearsman None 13. If Y = 2 - 0.2X, then the value of Y intercept is equal to (a) -0.2 (b) 2 (c) 0.2X (d) All of the above None 14. In the regression equation Y = β0+β1X, the Y is called: (a) Independent variable (b) Dependent variable (c) Continuous variable (d) none of the above None 15. A process by which we estimate the value of dependent variable on the basis of one or more independent variables is called: (a) Correlation (b) Regression (c) Residual (d) Slope None 16. Econometrics is the amalgamation of (a) 3 subjects (b) 4 subjects (c) 2 subjects (d) 5 subjects None 17. The term Uiis introduced for the representation of (a) Omitted Variable (b) Standard error (c) Bias (d) Discrete Variable None 18. In the regression equation Y = β0+β1X, the X is called: (a) Independent variable (b) Dependent variable (c) Continuous variable (d) none of the above None 19. Econometrics is the integration of (a) Economics and Statistics (b) Economics and Mathematics (c) Economics, Mathematics and Statistics (d) None of the above None 20. The raw materials of Econometrics are: (a) Data (b) Goods (c) Statistics (d) Mathematics None Time's upRelated Posts:Chapter 4: Introduction To Financial MarketsChapter 1: Introduction to AccountingChapter 1: Introduction to Macro EconomicsChapter 1: Introduction to Micro Economics
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