bece 142 solved assignment 2022-23 in english

Description

BECE 142 ? APPLIED ECONOMETRICS
Course Code: BECE 142

Course Title: APPLIED ECONOMETRICS
Assignment Code : : BECE 142 /Asst/TMA/2022-23

Medium ? English

Course : BAG

Session 2022-23
Submission date : Last date of submission for July 2022 session is 30th April, 2023 and for January 2023 session is 30th October, 2023

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Questions in assignment

1) Explain, theoretically, the consequences of omitting relevant variables in econometric
modelling.

2) Discuss the effect of lags on ‘market equilibrium’ with suitable examples.
B. Medium Answer Questions (word limit-250 words) 3 × 10 = 30 marks
3) Outline how R
2
and adjusted-R
2
serve as indicators of ‘goodness of fit’ of a regression
model.
4) Indicate the form of a Logit Model. Specify why the OLS method of estimation cannot
be applied here.
5) Show that ‘exact identification’ is a sufficient condition for the unique determination
of a system of equations.
C. Short Answer Questions (word limit 100 words) 2 × 3 × 5 = 30 marks

6) Differentiate between:
(a) Quantitative Research and Qualitative Research.
(b) In-sample forecast and out-of-sample forecast.
(c) Autoregressive Model and Autoregressive Distributed Lag Model.
7) Write short notes on the following.
(a) Instrumental Variables (IV) Method.
(b) Pooled Cross Section Data.
(c) Linear Static Panel Data Model.

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