A) Game theory B) Decision trees C) Hypothesis testing D) Regression analysis
A) Correlation shows a relationship between variables, causation implies one variable directly affects the other B) Correlation implies stronger relationships than causation C) Correlation is the same as causation in econometrics D) Causation implies a more reliable relationship than correlation
A) The study of data collected over time B) A method for predicting future economic trends C) The classification of economic variables D) The analysis of data from a single point in time
A) The error terms are uncorrelated B) The residuals are normally distributed C) The variance of the error terms is constant D) The model is linear
A) Multicollinearity B) Autocorrelation C) Heteroscedasticity D) Endogeneity
A) A variable used for testing autocorrelation B) A variable with continuously varying values C) A variable that takes on the value of 0 or 1 to represent categories D) A variable used for nonlinear regression only
A) When the variance of the error terms is not constant B) A measure of uncertainty in regression analysis C) A type of autocorrelation D) The presence of outliers in data
A) Cross-sectional data is collected at a single point in time, time series data is collected over time B) Cross-sectional data is continuous, time series data is categorical C) Cross-sectional data is used for forecasting, time series data for analysis D) Time series data represents entities, cross-sectional data represents time
A) To predict future economic trends B) To test for endogeneity C) To estimate the relationship between dependent and independent variables D) To classify economic data
A) Create complex theoretical models without data B) Ignore statistical analysis in economic studies C) Extract simple relationships from large datasets D) Focus solely on historical data
A) Jan Tinbergen B) Ragnar Frisch C) Henry Ludwell Moore D) Udny Yule
A) Sir William Petty's Political Arithmetick B) Henry Ludwell Moore's Synthetic Economics C) Francis Ysidro Edgeworth's Mathematical Psychics D) Vilfredo Pareto's Manual of Political Economy
A) Unbiasedness B) Efficiency C) Consistency D) Bias
A) Maximum likelihood estimation B) Generalized method of moments C) Bayesian statistics D) Ordinary least squares (OLS)
A) Operational Least Series B) Ordinary Least Squares C) Overlapping Line Segments D) Optimal Linear Solutions
A) Ordinary least squares (OLS) B) Generalized method of moments C) Bayesian statistics D) Classical or frequentist approaches
A) Unbiasedness B) Bias C) Efficiency D) Consistency
A) Difference-in-differences. B) Ordinary least squares. C) Card (1999). D) Regression discontinuity design.
A) The Review of Economics and Statistics B) Econometrica C) The Journal of Applied Econometrics D) Econometric Reviews
A) Bayesian econometrics B) Time-series analysis C) Randomized controlled trials D) Structural causal modeling
A) Collinearity B) P-hacking C) Two-way causality D) Specification bias
A) By using only historical data. B) By increasing the sample size of their studies. C) By ignoring the critique entirely. D) By adopting quasi-experimental methodologies.
A) Expert consensus. B) A large dataset. C) Advanced statistical software. D) The counterfactual must be known.
A) Random samples. B) Qualitative insights. C) Historical trends. D) The counterfactual. |