ECO-7000A Econometric Methods

This Assignment takes the form of an online Computer Test. To avoid duplication of  information, the Rubric for the test (i.e. the information appearing on the First Page of  the Test Paper) is reproduced below. There, you will find information about duration,  marking scheme, word limits, etc. 

The best way for you to prepare for this Assessment is to re-visit the Formative  Assessment that you were given in week 12. This Formative Assessment is similar in  style, length, and difficulty to the Online Examination. In preparation, you should also  re-visit the take-home assignment that you took early in the module. You should also  re-visit all Workshop materials and lecture notes.

1. What is applied econometrics?
2. List out the goals of econometrics
3. Define the term 'Linear".
4. What is correlation?
5. Define multiple linear regression
6. How do you identify the goodness of fit of the regression model?
7. Define multicollinearity
8. What is homoscedasticity.
9. Define dummy variable.
10. Explain the type of lime series data.

11. (a) Explain the type of econometrics. Or
(b) How econometrics model differ from economic statistics and mathematics.
12. (a) What are the assumptions of OLS? Or
(b) Differentiate correlation and regression.
13. (a) State the importance of R in multiple regression model.Or
(b) What is the significance of F statistics in multiple linear regression?
14. (a) State the problem of heteroscedasticity and suggest measure to solve it. Or
(b) What are the causes of multicollinearity?
15. (a) Explain the nature of dummy variables. Or
(b) How do you use dummy variables in seasonal analysis.

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