Economics > QUESTIONS & ANSWERS > Econometrics Questions With Answers (All)
Econometrics Questions With Answers
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Econometrics Correct Answer quantitative measurement of actual economic and business phenomena Uses of econometrics Correct Answer description, hypothesis, forecast Stochastic error term Correct ... Answer explains all changes in Y not explained by changes in Xs Residual (e)= Correct Answer actual value - estimated value Error term= Correct Answer true Y - expected Y OLS Correct Answer regression estimation technique that calculates beta hats so as to minimize the sun of the squared residuals Total sum of squares= Correct Answer (actual - average)^2 Explained sum of squares= Correct Answer (expected - average)^2 Residual sum of squares= Correct Answer (actual - expected)^2 R^2= Correct Answer explained sum of squares/total sum of squares Adjusted R^2= Correct Answer (ESS/(n-k-1)/(TSS/(n-1) [Show More]
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