Telegram group: T.me/BBCNOUN
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ECO454
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1. The method of ___________ is simple in conception and in computation using Eviews.

	      OLS

	      DOLS

	--->> 2SLS

	      FMOLS

2. In two stage least square, the second stage requires that the endogenous variable appearing in the ___________ of the equation is replaced with their estimated value.

	      left hand side

	      upper hand

	      lower hand

	--->> right hand side

3. Two stage least square provide satisfactory result for the estimates of the __________ parameters in econometric analysis.

	      linear

	      efficient

	      seasonal

	--->> structural

4. The 2SLS method is more general than the ___________ variables method.

	--->> instrument

	      technical

	      mechanical

	      none of the options

5. Identification determines the choice of econometric techniques used in finding the values of the _____________.

	--->> parameter

	      variable

	      error term

	      function

6. One of the sources of simultaneous equation bias is the existence of _____________ variable in the set of exogenous variable in econometrics.

	      exogenous

	      independent

	--->> endogenous

	      explanatory

7. In two stage least square small samples, the estimates are _____________.

	      unbiase

	--->> biased

	      efficient

	      all of the options

8. Two stage least square is adequate for the estimate of __________ equations.

	      under-identified

	      moderate-identified

	      identified

	--->> over-identified

9. Two stage least square is one of the method developed to solve the problems of ______________ equation bias in econometrics.

	      quadratic

	--->> simultaneous

	      single

	      multiple

10. Two stage least square method generally involves the application of _________ least square in two stages.

	--->> ordinary

	      normal

	      least

	      complex