Mathematical Economics Set 2
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This set of Mathematical Economics Multiple Choice Questions & Answers (MCQs) focuses on Mathematical Economics Set 2
Q1 | a mathematical model assumes----- relationship between variables
- inexact
- exact
- probable
- none of the above
Q2 | a function that can be represented as straight line graphically is
- non linear
- linear
- polynomial
- quadratic
Q3 | in the function Y=β1+β2X+u, the term ‘u’ is called
- disturbance term
- intercept
- slope
- dependent term
Q4 | A model in which regressand is logarithmic is called...............
- regression through the origin
- lin log model
- log lin model
- clrm
Q5 | the function Y=β1+β2X+u is an example of
- linear regression model
- econometric model
- all of the above
- none of the above
Q6 | confirmation or refutation of economic theories on the basis of sample evidence is based onthe branch of statistical theory called
- statistical inference
- standard deviation
- arithmetic mean
- regression analysis
Q7 | the term regression was first introduced by
- irwing fisher
- laspayer
- francis galton
- pearson
Q8 | Reciprocal and log lin models are ............. in variables.
- non linear
- linear
- functional
- dependent
Q9 | the function Y=β1+β2X+u is an example of
- non linear regression model
- linear regression model
- quadratic regression model
- none of the above
Q10 | In the Keynesian linear consumption function Y=β1+β2X, the independent variable is
- β1
- . x
- y
- β2
Q11 | Statistical relationships assumes that variables are
- random
- stochastic
- all of the above
- none of the above
Q12 | A statistical relationship per say cannot logically imply
- regression
- causation
- error
- random
Q13 | The measure that analyses the degree of linear association between two variables is called
- correlation coefficient
- regression coefficient
- significance level
- testing of hypothesis
Q14 | In the Keynesian linear consumption function Y=β1+β2X, X represents
- income
- consumption expenditure
- output
- price
Q15 | Correlation analysis is concerned with
- prediction of future value
- prediction of average value
- degree of association among variables
- testing of hypothesis
Q16 | Correlation theory is based on the assumption of
- randomness of variables
- conditional mean
- random errors
- specification
Q17 | The correlation coefficient between the mathematics and economics was found to be 0.64.What will be the value of correlation coefficient between economics and mathematics
- 0.32
- -0.64
- 0.64
- 1.28
Q18 | the law of universal regression was first introduced by
- irwing fisher
- laspayer
- francis galton
- pearson
Q19 | In ------ analysis there is no distinction between dependent and explanatory variables
- regression
- correlation
- hypothesis testing
- estimation
Q20 | If we are studying the dependence of a variable on a single explanatory variable, the analysisis called
- two variable regression analysis
- multiple regression analysis
- single regression analysis
- none of the above
Q21 | If we are studying the dependence of a variable on more than one explanatory variable, theanalysis is called
- two variable regression analysis
- multiple regression analysis
- single regression analysis
- none of the above
Q22 | The term “random” is synonym for the term
- stochastic
- variable
- error
- regression
Q23 | If the data is collected at one point in time, it is called
- time series data
- cross section data
- pooled data
- none of the above
Q24 | If the data is collected over a period of time, it is called
- time series data
- cross section data
- pooled data
- none of the above
Q25 | The combination of time series and cross sectional data is known as
- pooled data
- panel data
- longitudinal data
- none of the above