Do You Know How To Use Econometrics?
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.
- 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
Questions: 10 | Attempts: 25187 | Last updated: Mar 22, 2022
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