Econometric - Lecture 1

Which of the following is true?

• Methods refer to the tools or techniques applied in the research process

• The central purpose of methods and procedures in the research project proposal is to provide the plan, and its description, of how the objectives of the study will be achieved

• Methods and procedures directly address the objectives, but the research objectives are derived from the research problem.

• All of the above.

Which one of the following is correct sequence order?

• Econometric model - economic theory - estimation - test the hypothesis - diagnostic checking

• Economic theory - econometric model - estimation - diagnostic checking - test the hypothesis

• Economic theory - econometric model - estimation - test the hypothesis - diagnostic checking

• Econometric model - economic theory - estimation - diagnostic checking - test the hypothesis

Which one of the following is ordinal data?

• Age

• Location

• Level of satisfaction

• Type of product

Which of the following is correct about panel data?

• Panel data is the combination of cross section and time series.

• There are many types of panel data structure - short panel, large panel and long panel.

• Panel data analysis has wider scope.

• All of the above.

Which of the following techniques to smoothing the time series data?

• Interpolation

• Normalization

• Kalman Filter

• Cook's Distance