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Mid 69

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223 views2 pages

Mid 69

Uploaded by

M.h. Samrat
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Stamford University Bangladesh

BSS in Economics

Mid Term Examination. Fall: 2021

Course: 306 Course name: Introduction to Econometrics

Batch 69

Time:2 Hours Marks:30

Answer any three of the following:

1. (a) What do we mean by a linear regression model? 2


(b)Write down the properties of Least-Squares Estimators. 4
© Explain the coefficient of determination. 2
(d)Write down the difference between statistical and deterministic 2
relationships.
2. (a) On the basis of data 19 urban households, we obtained the following
regression line where FoodEXP= Food Expenditure and TotalEXP= Total
expenditure
FoodEXPt = 0.2033+ 0.6560 TotalEXPt
r2=0.3698
i. Describe the relationship between explanatory and dependent variable. What
is the economic meaning of your results? 3
2
ii. Explain r in this model.
2
(b) Suppose that from a sample of size n=6 we estimate the following
consumption function
C=-9.6971+2.9056Y
r2=0.698 3
i. Why is the coefficient of ln Y positive? What is the economic meaning of
your results? 2
ii. Explain r2 in this model.
3. (a)Here the table of mean hourly wage by education.
(a)Can you plot the mean wage against the years of schooling? How would you 4+2
verbalize the relationship among the variables? (b) What is the underlying
economic theory?
Years of Schooling Mean Wage,$ Number of people

6 450 5

7 550 12

8 652 15

9 789 18

10 985 16 2
11 1002 20 2

12 1500 25

b) What are the differences between multiple and bivariate regression model?
© What are the differences between the population and sample regression
functions? Is this a distinction without difference?

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