ECONOMETRICS EXAMINATION QUESTIONS AND
CORRECT ANSWER WITH EXPLANATION GRADED A+
STUDY GUIDE SOUTHERN NEW HAMPSHIRE UNIVERSITY
1. Econometrics is:
A. Cooking science
B. Application of statistics to economic data
C. HR management
D. Marketing design
Answer: B
It combines economics, math, and statistics.
2. The main purpose of econometrics is to:
A. Avoid data
B. Test economic theories empirically
C. Manage HR
D. Cook data
Answer: B
It verifies economic relationships using data.
3. An econometric model is:
A. A story
B. A mathematical representation of economic relationships
C. HR model
D. Cooking model
Answer: B
Uses equations to explain behavior.
4. Dependent variable is:
,A. Independent cause
B. Variable being explained
C. HR variable
D. Cooking variable
Answer: B
Outcome variable.
5. Independent variable is:
A. Outcome
B. Explanatory factor
C. HR factor
D. Cooking factor
Answer: B
Explains changes in dependent variable.
6. Regression analysis is used to:
A. Cook data
B. Estimate relationships between variables
C. Manage HR
D. Design marketing
Answer: B
Core econometric tool.
7. Simple linear regression has:
A. Multiple dependent variables
B. One independent variable
C. HR variables
D. Cooking variables
Answer: B
One explanatory variable.
8. Multiple regression has:
, A. One variable
B. More than one independent variable
C. HR regression
D. Cooking regression
Answer: B
Several predictors.
9. Error term represents:
A. Perfect data
B. Unobserved factors
C. HR error
D. Cooking error
Answer: B
Random disturbances.
10. Ordinary Least Squares (OLS) minimizes:
A. Profit
B. Sum of squared errors
C. HR loss
D. Cooking loss
Answer: B
Best fit line method.
11. BLUE property means:
A. Bad linear estimate
B. Best Linear Unbiased Estimator
C. HR estimator
D. Cooking estimator
Answer: B
Optimal OLS property.
12. Multicollinearity occurs when:
CORRECT ANSWER WITH EXPLANATION GRADED A+
STUDY GUIDE SOUTHERN NEW HAMPSHIRE UNIVERSITY
1. Econometrics is:
A. Cooking science
B. Application of statistics to economic data
C. HR management
D. Marketing design
Answer: B
It combines economics, math, and statistics.
2. The main purpose of econometrics is to:
A. Avoid data
B. Test economic theories empirically
C. Manage HR
D. Cook data
Answer: B
It verifies economic relationships using data.
3. An econometric model is:
A. A story
B. A mathematical representation of economic relationships
C. HR model
D. Cooking model
Answer: B
Uses equations to explain behavior.
4. Dependent variable is:
,A. Independent cause
B. Variable being explained
C. HR variable
D. Cooking variable
Answer: B
Outcome variable.
5. Independent variable is:
A. Outcome
B. Explanatory factor
C. HR factor
D. Cooking factor
Answer: B
Explains changes in dependent variable.
6. Regression analysis is used to:
A. Cook data
B. Estimate relationships between variables
C. Manage HR
D. Design marketing
Answer: B
Core econometric tool.
7. Simple linear regression has:
A. Multiple dependent variables
B. One independent variable
C. HR variables
D. Cooking variables
Answer: B
One explanatory variable.
8. Multiple regression has:
, A. One variable
B. More than one independent variable
C. HR regression
D. Cooking regression
Answer: B
Several predictors.
9. Error term represents:
A. Perfect data
B. Unobserved factors
C. HR error
D. Cooking error
Answer: B
Random disturbances.
10. Ordinary Least Squares (OLS) minimizes:
A. Profit
B. Sum of squared errors
C. HR loss
D. Cooking loss
Answer: B
Best fit line method.
11. BLUE property means:
A. Bad linear estimate
B. Best Linear Unbiased Estimator
C. HR estimator
D. Cooking estimator
Answer: B
Optimal OLS property.
12. Multicollinearity occurs when:
