ECO355
. assumption requires that all disturbance terms are independently distributed or are not correlated with one another.
Answer: serial independence
Which of the following is not correct about the r-square or coefficient of determination?
Answer: it is the correlation coefficient
…is an idea that, as the sample becomes infinitely large, the parameter estimate given by a procedure such as OLS converges on the true parameter value.
Answer: consistency
Regression is useful in that it can.
Answer: all of the options
Which of the following measures the strength or degree of linear association between two variables.
Answer: correlation analysis
The disturbance or error term is included in a model to capture the following except…
Answer: none of the options
.estimates or predicts the average value of one variable on the basis of the fixed values of other variables.
Answer: regression analysis
A regression model consists of which of the following..
Answer: all of the options
The smaller the differences or errors generated using the ordinary least squares
Answer: the better the model fits the data.
Which of the following is not a basic assumption of the classical linear regression model
Answer: non-linearity
Follow me on Twitter @louisoladimeji for your Free Exam Summary and free past questions
Whatsapp Chat: 08039407882 for your Project Writeup I Business Plan Writeup I Online Tutorial
