Course Code eco355 Question In econometric study, the model S = ƒ(p) is _______ Answer deterministic Question Econometrics in economic study is important because it ____ Answer empirically validates economic theories Question Forecasting in econometrics is important because it _____ Answer reveals future value of the dependent variable Question Outside the level of significance, other method to determine the significance of OLS is ________ Answer probability value (p-value) Question The inclusion of an error term to an economic model, makes it ______ Answer stochastic Question Of the options, the feature of an estimator is _____ Answer unbiasedness Question The degree of freedom (df) in Y = α + β1X1 + β2X2 + µt is ______ Answer n-3 Question If  = A, where  is A hat or cap. What is Â? Answer an estimated parameter of A Question The essence of OLS in econometrics is to estimate the _____ Answer intercept and slope(s) Question If the R-square ranges between 0 and 1, the negativity of an adjusted R-square shows that ______ Answer the regression equation does not fit the data gathered Question In econometric study, the model S = ƒ(p) is _______ Answer deterministic Question Econometrics in economic study is important because it ____ Answer empirically validates economic theories Question Forecasting in econometrics is important because it _____ Answer reveals future value of the dependent variable Question Outside the level of significance, other method to determine the significance of OLS is ________ Answer probability value (p-value) Question The inclusion of an error term to an economic model, makes it ______ Answer stochastic Question Of the options, the feature of an estimator is _____ Answer unbiasedness Question The degree of freedom (df) in Y = α + β1X1 + β2X2 + µt is ______ Answer n-3 Question If  = A, where  is A hat or cap. What is Â? Answer an estimated parameter of A Question The essence of OLS in econometrics is to estimate the _____ Answer intercept and slope(s) Question If the R-square ranges between 0 and 1, the negativity of an adjusted R-square shows that ______ Answer the regression equation does not fit the data gathered Try Another Search