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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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