Do You Know How To Use Econometrics?

10 Questions | Total Attempts: 383

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Do You Know How To Use Econometrics? - Quiz

Economics is based on the power of demand and supply. It is a necessary arsenal for understanding market flows and movement. Various laws and theories are put into action, but their accuracy sure needed to verified. Econometrics is a pivotal tool to help out. How knowledgeable are you about it. Affirm your knowledge with this quiz.


Questions and Answers
  • 1. 
    Who coined the term "econometrics"?  
    • A. 

      Isaac Freud 

    • B. 

      Jan Tinbergen 

    • C. 

      Ragnar Fisch 

    • D. 

      Pawel Ciompa

  • 2. 
    What is the basic tool of econometrics?
    • A. 

      Linear regression model 

    • B. 

      Estimator 

    • C. 

      Economic history 

    • D. 

      Special regression model 

  • 3. 
    Which of these relates GDP rate to unemployment rate? 
    • A. 

      Okun's law 

    • B. 

      Bayern's law 

    • C. 

      Charlene's law 

    • D. 

      Law of demand 

  • 4. 
    Which of these is not a statistical property in econometrics? 
    • A. 

      Unbiasedness 

    • B. 

      Consistency 

    • C. 

      Accuracy 

    • D. 

      Efficiency 

  • 5. 
    Which of these refers to the average of economic data obtained? 
    • A. 

      Mean 

    • B. 

      Median 

    • C. 

      Mode 

    • D. 

      Regression 

  • 6. 
    Which of these refers to the observation that occur most frequently in econometrics? 
    • A. 

      Mean 

    • B. 

      Mode 

    • C. 

      Variance 

    • D. 

      Standard deviation 

  • 7. 
    Which of these is mathematically derived from the standard deviation? 
    • A. 

      Variance 

    • B. 

      Mean 

    • C. 

      Median 

    • D. 

      Correlation 

  • 8. 
    Which of these is concerned with the relationship between two indices? 
    • A. 

      Regression 

    • B. 

      Correlation 

    • C. 

      Median 

    • D. 

      Mean 

  • 9. 
    Which of these is unrelated to econometrics? 
    • A. 

      Control theory 

    • B. 

      System identification 

    • C. 

      System analysis 

    • D. 

      Consumer behaviour 

  • 10. 
    Which of these is concerned with the relationship between demand and supply? 
    • A. 

      Equilibrium price 

    • B. 

      Control theory 

    • C. 

      Bias 

    • D. 

      System analysis 

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