econometrics!!!!

Econometrics
1.
When a decision maker has to choose between two
mutually exclusive outcomes an econometrician may choose to use a
A)
binary choice model
B)
ECM
C)
Random effects model
D)
Fixed effects model

2.
When testing hypotheses of probit or logit
coefficients, what 2 statistical tests ate generally used?
A)
Wlad and likelihood ratio
B)
Z-test and t-test
C)
LM and Hausman
D)
F-test and R squared

3.
When is a Tobit model used
A) When
you have censored data
B) For categorical data with a normally
distributed error term
C) When you want to combine a probit and
multinomial logit
D) to estimate varying marginal effects in
a binary choice model

4.
What is the primary advantage of using panel
data rather than a large cross- section data set collected over time?
A) It allow you to control for individual
heterogeneity
B) It allows the effects of legislation to
be estimated
C) It gives you more degrees of freedom
D) It allow coefficients to vary over time

5.
What is the difference between balanced and unbalanced
panels?
A)
Unbalanced panels have some observations
missing, balanced do not
B)
Balanced panels are demographically
representative of the population being studied, unbalanced are not
C)
Balanced panels have an equal number of
observations above and below the mean of the dependent variable, unbalanced
panels are skewed
D)
A balanced panel has T = N, an unbalanced panel
has N>T or N