The assumptions of the linear stochastic regression model with respect to random variable include
Answer: all of the options

What is the economic implication of the acceptance of the null hypothesis (bi = 0)?
Answer: the explanatory variable does not influence the dependent variable and should not be included in the function.

The coefficient of determinant (r2) is defined as..
Answer: r2 = î£x2/ î£x

The following assumption is true in the relationship between the explanatory variable and the stochastic variable
Answer: ui and x do not covary

What is social forecast?
Answer: this involves predicting changes consumer tastes, demand and attitude.

What is the difference between Z test and t test?
Answer: t –test is used when n>30 while z test when n â%o¥ 30

Which of the following is true about the sources of derivation in parameter model estimation
Answer: all of the options

Which of the values of r2 shows that the variation in the independent variable has no effect on the dependent variable
Answer: r2 = 0.75

Which of the following is not an assumption of full information likelihood?
Answer: full information likelihood method yield estimates that are not biased.

The most appropriate forecasting model needs to be â€|.
Answer: all of the options

What is economic development forecast?
Answer: involves predicting the effect of economic conditions of a country on the operations of an organization

The goodness of any estimator is on the basis of the following properties, except
Answer: high coefficient of determination

Which of these is true when the variance of â€T)†is constant in each period?
Answer: var(ui) = e(ui)2 = î’2u

The moving average, in practice has several drawbacks which includeâ€|.
Answer: all of the options

The Z test is employed when the sample size isâ€|
Answer: n â%o¥ 30

The acronym BLUE meansâ€|
Answer: best linear unbiased estimator

r2 = 0.75 means that..
Answer: 75 percent of the variation in the dependent variable is attributed to variation in dependent variable

A stationary time series are characterized by, except..
Answer: a mean that is a function of time

The importance of forecasting includeâ€|
Answer: all of the options

The following explain the equation Y = bo + b1X, except
Answer: the relationship between y and x is
inverse

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