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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Question: becomes an integral part of the planning process in any economy because it makes tomorrow visible.
Answer: forecasting

Question: A is one in which the average value either increases or diseases linearly with time
Answer: linear trend

Question: A is one in which the average varies in a cyclical fashion in sympathy with some imposed time cycle
Answer: seasonal trend

Question: if an estimate of a linear trend is given by ÖD‘|i, = 366.27 + 110.09X , what is Y if X assumed value of 12
Answer: 1687.35

Question: The following equation represent; ÖD‘ji, = 366.27 + 110.09X
Answer: estimated Y

Question: A statistically significant variable actually explained the regressor
Answer: [D] true

Question: forecasting is defined as the process of collecting and analysing information to determine the future supply of, and demand for, any given skill or job category.
Answer: Manpower

Question: The method of trend projection that relies upon matching employment growth with some index is known as
Answer: indexation

Question: is a systematic, economic and rational way of making decisions today that will affect tomorrow.
Answer: planning

Question: The identification of the model helps the researcher to focus on the of estimating the model
Answer: method

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