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Econometrics Concepts with Accurate Answers

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Econometrics Correct Answer The economic measurement, __________ is the quantitative measurement and analysis of actual economic and business phenomena. Regression Correct Answer The technique that... attempts to explain movements in one variable, the dependent variable, as a function of movements in a set of other variables, the independent variables, through the quantification of one or more equations is _________ analysis. Quantitative Correct Answer All regression analysis predict weather a significant __________ relationship exists. Intercept Correct Answer Beta 0 is a constant or ________ term; it indicates the value of Y when X equals zero. One Correct Answer Beta 1 is the slope coefficient, and it indicates the amount Y will change when X increase by ____ unit. Response Correct Answer The slope coefficient, B 1, shows the __________ of Y to a one-unit increase of X. Constant Correct Answer For linear regression models, the response in the predicted value Y due to the change in X is _________ and equal to the slope coefficient Beta 1. X Correct Answer A stochastic error term is a term that is added to a regression equation to introduce all of the variation in Y that cannot be explained by the included __s. Stochastic error Correct Answer A ________ ________ term is the symbol of the econometricians ignorance or inability to model all movements of the dependent variable. [Show More]

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