ECO454 Tma Solutions
1. entails obtaining numerical estimates of the coefficients of the specified model by means of appropriate econometrics techniques
—>> Model estimation
Model Statement
Model Formulation
model specification
2. A good knowledge of ———- will assist in identifying the econometric research structure and the characteristics associated with it
introductory econometrics
macroeconomic
basic resaerch
—>> economic theory
3. ———- gives the model a precise form with appropriate signs of the parameters for easy analysis
—>> Model estimation
Model Statement
Model Formulation
model specification
4. The stage that involve expressing economic relationships between the given variables in mathematical form is known as ——
identification
problem identification
Model Statement
—>> Model Formulation
5. ——— defined model as any set of assumption and relationships which approximately describe the behaviour of an economy or a sector of an economy
Bakerson
Gujarati
—>> Bergstron
Koutsoyisanis
6. The ——– allows the researcher to have an idea of the interdependence of the variables under study
—>> theoretical knowledge
Model Statement
Model Formulation
model specification
7. Before the estimated model can be put to use, it is necessary to test its ———–
—>> forecasting power
strength
prediction
none of the above
8. In econometric research there are ——- main stages.
six
two
three
—>> four
9. ——— describes the way in which economic variables are interrelated
econometri model
—>> Economic model
statistical model
mathematical model
10. ———- presupposes knowledge of economic theory and the familiarity with the particular phenomenon under investigation,
identification
problem identification
Model Statement
—>> Model Formulation
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