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Question;Econometrics;1.;When a decision maker has to choose between two;mutually exclusive outcomes an econometrician may choose to use a;A);binary choice model;B);ECM;C);Random effects model;D);Fixed effects model;2.;When testing hypotheses of probit or logit;coefficients, what 2 statistical tests ate generally used?;A);Wlad and likelihood ratio;B);Z-test and t-test;C);LM and Hausman;D);F-test and R squared;3.;When is a Tobit model used;A) When;you have censored data;B) For categorical data with a normally;distributed error term;C) When you want to combine a probit and;multinomial logit;D) to estimate varying marginal effects in;a binary choice model;4.;What is the primary advantage of using panel;data rather than a large cross- section data set collected over time?;A) It allow you to control for individual;heterogeneity;B) It allows the effects of legislation to;be estimated;C) It gives you more degrees of freedom;D) It allow coefficients to vary over time;5.;What is the difference between balanced and unbalanced;panels?;A);Unbalanced panels have some observations;missing, balanced do not;B);Balanced panels are demographically;representative of the population being studied, unbalanced are not;C);Balanced panels have an equal number of;observations above and below the mean of the dependent variable, unbalanced;panels are skewed;D);A balanced panel has T = N, an unbalanced panel;has N>T or N


Paper#55826 | Written in 18-Jul-2015

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