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2018, Applied Ecotrix, Question Paper

DU PYP

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88 views20 pages

2018, Applied Ecotrix, Question Paper

DU PYP

Uploaded by

nikhiljoshisrcc
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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This question paper contains 1644 primed paves + 7 attached chert] Rott No. [_|_ pal $8. No. of Question Paper: 7945 Unique Paper Code 12277502 Ic Name of the Paper: Applied Eeonometries Name of the Course + ILA, (Honours) Economies CBCS DSE-1 Semestet iv Duration : 3 Hours Maximum Marks + 75 Awitte your Roll No. on the top immediately on receipt of this question paper) Cqumenet & Feet A ee fee a Frat wary we ove age Fam”) Note ‘Anowers may be written either in English or in Hindi; but the same medium should be used throughout the paper. feat ee Wee By Set HS oT fe ell we wn # dif, seq at sath an mean we @ art safes ‘The question paper consists of seven questions, ‘Answer any /ive questions. Marks allotted to cach question are indicated against it Use of simple non-programmable calculator is allowed. Statistical tables are attached for your reference. zo wee A ae TH El feed cia vei & oe dist) yas we A aeien oie see ar fe eI ae ators dagger esa fea St Fee ei PTO. (2) 985 Stile whether the following ststements are true oF filse, Give reasons Jor your answer : (@) For the three-variable model = Y,= By + BX + BAX, + u, if the coefficient of determination for the fegression of 2 On X; is equal to 0.25, tolerance (TOL) will be 0.5 and it indicates Presence of multicollinearity, (4) In the simple regression model © + BX) + u, Siopose X and u are correlated and Z is an instrumental variable (1V) for X. Thea, higher is the value of R2, larger is the standaid ervor of the IV estimator of and wider is the confidence interval for /k (© I there are five regions in a country—South, North, West, East and Central, then only four dummy variables must be ineluded in the Tegression model to account for regional variations, (a) Suppose there ave & = 6 candidate repressors. If value of Mallows's C, criterion is obvained as 6.456 for Model A with four reyressors and 5.105 for Model B With five regressors, then Model B is preferred aver Madel A, (6) Durbin Watson 4 statistic can also be used to test model specification emors, 553-15 Same fe Priefer ar we § shear sects Sm aac &q men of Gee « (@) WH 3.2578 « 108 Be Gd wi si-visew (N = 61) r 2.2684 -« 108 WS Fl TIET (Chow test) SST! 1% Aad A a Se SHisTT wr amy safer erm a yi? aaa (18) TS (iy BR ei fa feet frente at faa (Gales) 3B fermé 4 ops wast: Sales, ~ fiy + B\GDP, + 4, aufen fr creat at fast Fad ferafeal (quarters) 4 Areit e7ae (seasonality) wi ofa wet &q Ha a Mummy yariebles) 7 fea var svi frat a am & ? 4. (Using least squares method, cost of production of a flan (COST in rupees ikl) is regressed on total output (Q, in thousand tonnes) for 60 firms,for the year 2010-11. In order to test for heteroscedastcity, the squared OLS residuals are regressed on the explanatory variable : #=8, +8.0 +7, Ifthe estimated value of R? is 0.2354 for this auxiliary regression, conduct Breusch+ Pagan (BP) test. Use 5% level of significance. Do you find evidence of heteroscedasticity 2 State null and alternate hypotheses clearly. (i) Consider the regression model using standardized variables + Yo=o +BX) +4, Sy and Sy are sample standard deviations, of Y and X respectively and <7 and X- are sample means of Y and X respectively. Show thatthe interept term is always zero. How will you interpret p? a (1855, ‘7945 (6) Consider the regression model : Y,= 4+ BX, 4, Assume that X and w are correlated and let Z be a candidate instrumental variable (IV) for X. (9 In order for Z to be a valid insteument, what criteria must Z satisty ? (i) Derive the IV estimator for B and show that it is consistent (ii) From a:sample of 80 observations, the following data are obtained EY/=450, EX) =500 27 =400, LY,=120, LX,=80. YZ, DXY,=300, YZY,=300, B2Z,x, =520 Obtain the OLS and IV estimates of 8 @ =e of fata a wera & 60 GET 2g ad 2010-11 %q, HT At sere amg (COST, ae = 7) FH se (0, GIR SH A) we eHafe fem sim 21 wECI-faTT (hetermscedasticity) 2q GAM OLS sates (residuals) % i Gt STeATAT A (explanatory variable) % Barsfaa Fea or & : # =8,+5,Q +¥ ae ea were Ta BR? a anal a 02354 % at aw (Breusch-Pagan, BP) Wal Sih! 5% adam ER a Se BC) sar Se FAO faa ST WaT yet 77m 3 Safer ote ered: fora) (20) 7905 yh a erat 3 fe Ie ese ST (ii) SRRRIEA (standardized) ae fae HAS: ue daa Gag ean ek ee egal ea eee A ser aS Hee? } (o) TRI Hse: y,=a+BX, +4) Seance eae ae x ey] veh sider wT Cv) F @ de He Gat are BER ZS HR TTS pm IV ae eqper Sif ser cariee fa AE FETA (consistent) Bl tent ew aftead 2q Prefers tee wa ES yy? =430, EX} —500 aqz a aire ? i) iit) 8 zi =400, DY, =120- Ex, =80,, £2, =40- LX,¥, = 300. EZ.Y,=300. EZX, = 520 B® OLS 7 Iv ae Be SITE! 700 7945

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