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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