Meenakshi College For Women IBA Economics (Evening) Econometrics (Chap: 2 & 3) Revision Examination-Il ‘Time: 3 Hours, Maa: 78 marks 1. Answer all the Questions: \10 x2 = 20} 1, Define econometrics. 2. What is Simple Linear Regression (SLR)? 3, What do you mean by Standard Error (S.E)? 4. Explain the importance of BLU properties 5. Define stochastic and ‘non-stochastic relationship. 6, What is disturbance term? 7. Explain the small sample properties of the estimalors 8, What are the characteristics or properties of economeinte model? 9. Write the formula goodness of {i-R square. 10, Write the formula for 0+ Bl. SE IL. Answer the following quest 11. What are the properties of R 12, Bring out the Goodness of Fit «R”. 13. Interpret the following estimated model, Y =24.47+0.509X —R'=0.9017 SE (6.44) (0.036) 14, Write the assumption of Linear Stochastic RegresS0 model 15, What are the reasons for inclusion of random variable (U). PION: B SECTION: C IM Answer the following questions: {3x 10 = 30) 16. Explain the properties of Least Square Estimators 17. Following table gives GNP(x) and demand for food (») measured in arbitrary units the food function. «),test the significance at 5 percent level X: 6,7,8,10,8,9,10,9, 11, 10 Ys 50, 52, 55, 59, 57, 58, 62, 65, 78, 70 18, Explain Gauss Markov theorem (or) OLS Properties:2a aang ~— Meenakshi College Vor Women MBA Economics (evening) Econometrics (Chap: 2, 3, & 4) aa Revision Examination-Hit ‘Time: 3 Hours Max: 75 marks SECTION: 4 1 DgAMAYer all the Questions: 10 2 ~ 20) 2. What is Simple Linear Regression (SLR)? LR)? 3. What is « Disturbance term? °. Explain the Type I and Type Il error. 10. Explain the importance of BLU properties SECTION: B IL. Answer the following questio: ISX 5=25} 11. What are the properties of R2? 12. Bring out the Goodness of Fit (R?? 13. Interpret the following estimated model. Y= -19194 + 0.1984X2#0.16X,—R°=0.95 SE 0.19 0.03 14. What are the reasons for inclusion of random variable? 15. Explain the specification of the model, SECTION: C MI. Answer the following questions: 3x 10 = 30} 16. Following table includes the Price& Qd for a product. Estimate the demand function for the product Y= 0+ BIXI+U. a). Estimate the average price elasticity of demand. b). Estimate the level of demand if prices to RS.8 ‘Quantity demanded (Y): 8, 3,4,7,8.0 : Price (X): 2,4,3,1.3.5 17. Estimate the regression equation Y= B+ 2X2 + 3X3 +U from the following data and test the statistical significance of the coefficients of Xi : pg SY=1052, EX =1017, EXi=954, Y=116.9, Xr =113, Xs=106, LY=124228, DX" VSS, EX? = 101772, E X2¥= 119750, LX¥=111433, 5 X2Xs=107690 18. Explain Gauss Markov theorem (or) OLS Properties.Max: 75 Marks : SECTION: tere atheduine ETON 2 wr nthe eaning of multiple regression modell 753 3. Write the formal Sauation of two explanatory variablecoe MLRMM? 15015 1 4. Bring ona rua for Cobb Douglas production fanetey fe te e out the formula standard error of and 62.15% rite the formula for fo, BI and pa. 7 wits the partial derivative with reapect po, 15° ‘Time: 3 Hours 10. Write the formula for compound growth race SECTION: B IS X 5 =25 II. Answer the following questions: ‘ BO, Bl and 62 in MLRM method, 11. Explain the Statistical properties of the estimates of 12. Explain the goodness of fit (R?) measure in 2 explanatory variables. 15. Interpret the following estimated model. R=0.95 SE 0.19 0.03 14. Write the assumption of U in marix method of MLR model, 15. Explain the OLS estimate : {.lincarity 2.unbiasedness. SECTION: C Bx 10 =30) III. Answer the following questions: 16, Following table includes the price& Qd for a product. Estimate the demand function for the Product Y= fO+ BIXI+U. a). Estimate the average price elasticity of demand. b), Estimate the level of demand if prices to RS.8. Quantity demanded (Y): 8, 3,4,7,8,0 ; Price (X): 17. Estimate the regression equation Y= 0+ §2X2 + 3X3 +U from the following data and test the statistical significance of the coefficients of Xi, ay LY=1052, YX2 =1017, YX:=954, Y=116.9, X2=113, Xs=106, YY"=124228, UX = SST, DXs= 101772, F X2¥= 119750, EXsY=111433, Y) XrXi=107690. 18, Given the following data Yy?=1000, Yx:7=200, Dx.” =100, Exiy=400, Pxay=-100, ABA3S Dxix2=0, Y=50, Xi=15, Xo= 10, n=28. : Estimate the parameters in the equation Y= 80+ B2X2 + B3X3 +U a. Estimate S.E of estimators, b. c. Obtain the 95% of confidence interval of B1 and B2. 2 3p 4. FindR™ SE, p om tc) yp p23 —\x 2 30 42%! aMeenatahi College For Women TI BA Economics (Evenine) ‘Ecomommetrics Medel Examination Tame: 3 Hours Sax: 75 Marks SECTION: A 1 Answer ail the Questions: [10 x2~201 What i the meaning of multiple model? , 2. Wrue the normal equation of two explanatory variables or MLRM: function? 3. Write the formula for Cobb Douglas 4. Bring out the formula standard error of it and (2. 5. Weite the Formula for BO. BI and 652. 6. Write the partial derivative with respect 0. 7. Write the partial derivative with respect BI 8. Write the formula for semi-log model 9 What are the properties of good estimator? 10. Wes the formula for compound growth rate SECTION: B {sx 5=251 in MLRM method. 11. Answer the following questions: 11. Explain the Statistical properties of the estimates of 0. (sl and (22 12. Explain the goodness of fit (R?) measure in 2 explanatory variables. 13. fnterpret the following estimated modi ‘Y= 300.29 + 0.74X2+ 8.04Xs R-0.99761 SE (7832) (0.05) (2.98) 14, Write the assumption of U in marix method of MLR model. 15, Explain the OLS estimate : | linearity 2.unbiasedness. SECTION: C [3x 10 = 30} jon for the IIL Auswer the following questions: 16. Following table includes the price& Qd for a product. Estimate the demand functi product Y= BO+ B1XI+U. a). Estimate the average price elasticity of demand. b). Estimate the level of demand if prices to RS.8. Quantity demanded (Y): 8, 3,4,7.8.0 ; Price (X): 2,431.35 17. Estimate the regression equation Y- PO+ B2X2 + 63X3 +U from the following data and test the statistical significance of the coefficients of Xi E¥=1052, [Xp =1017, EXs=9S4, Y=116.9, X2=113, Xy=106, DY'=124228, DX'a= MSSTI. « SX4= 101772, F X= 119750, LXs¥=111433, L X2Xs=107690. 18. Explain Gauss Markov theorem (or) OLS Properties.SHI College for Women (Evening), Ch.24 IBA ECONOMICS (Semester-IV) dey Examination- 20250 ECONOMETRICS Max: 75 marks 1 time: 3 Hours Answer all the Questions Section: A Hex2 520 I. Define ‘Economertics?? ; What is the meaning of Economertics? 3. Explain the types of data, os : ‘ Pell the importance of BLU Properties. °. Write the formula for Goodness of Fit(R square)? Define stochastic and non. stochastic relationship? 7. Explain the small sample properties of the Estimators. ¢ the formula for beta zero and beta one? 9. What is disturbance term? 10. What is specification of the model? Section: B [5 x5=25] 1, Explain the specification of the model. 2, Explain the goals of econometrics. 3. Write the properties of R square? 4. Explain the Assumption of Linear Stochastic Regression Model. 5. What are the reasons for inclusion of random variable (U). Section: C [3x 10 = 30] 1, Explain the properties of Least Square Estimators. 2. Explain the Methodology of Econometrics. Following table gives the GNP(X) and demand for food (Y) measured 3. in arbitrary units. Estimate the food function.( i) test the significance of 5 percent level. X: 6, 7, 8, 10, 8, 9, 10, 9, 11, 10: 0, 52, 55, 59 , 57, 58, 62, 65, 78, 70 Sidi ies Se Se ER ree DE