Telegram group: T.me/BBCNOUN
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ECO453
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1. Autoregressive distributed lag (ARDL) model is best described as a _____ model.

	      static

	--->> dynamic

	      long run

	      short run

2. Which of the following is NOT an advantage of panel data?

	--->> Maximize bias due to aggregation

	      Panel data takes heterogeneity into account, get individual-specific estimates

	      Panel data is especially suitable to study dynamics of change

	      Studies more sophisticated behavioral models

3. What is the hypothesis test for fixed effect model?

	      Breusch-Pagan LM test

	--->> F-test

	      Z-test

	      T-test

4. Technically, time-invariant characteristics of the individuals are perfectly _____________ with the person [or entity] dummies.

	      linear

	--->> collinear

	      nonlinear

	      static

5. Random effects assume that the entityâ€™s error term is not correlated with the predictors which allows for time-invariant variables to play a role as _____________ variables.

	      explained

	      dependent

	      linear

	--->> explanatory

6. What is the hypothesis test for random effect model?

	--->> Breusch-Pagan LM test

	      F-test

	      Z-test

	      T-test

7. Which of the following is NOT another name for panel data?

	      pooled data

	      micropanel data

	--->> horinzontal data

	      longitudinal data

8. The normality criteria of OLS estimators are achieved with ___ in a sample size

	--->> increases

	      decreases

	      balanced

	      long-run

9. If ð¸(ð‘‰ð‘–) = 0 ð‘Žð‘›ð‘‘ ð‘ð‘œð‘£(ð‘¢ð‘–, ð‘¢ð‘—) = 0 ð‘ ð‘œ ð‘¡â„Žð‘Žð‘¡, ð‘– â‰  ð‘— in which case we conclude that there is no serial ___.

	--->> correlation

	      cordination

	      number

	      figure

10. This fixed effect model is effect estimated by least squares ________ variable

	      dependent

	      independent

	      data

	--->> dummy