BECE-142 APPLIED ECONOMETRICS in English Solved Question Paper December 2023

BECE-142 APPLIED ECONOMETRICS in English Solved Question Paper December 2023

APPLIED ECONOMETRICS
Course Code: BECE-142

Section—A
Note : Answer any two questions from this Section.
2 × 20 = 40
1. Show why it is better to err by including an
irrelevant variable’ as compared to omitting a
‘relevant variable’ in a regression model.
2. Discuss the effect of ‘Lags’ on ‘market
equilibrium’ with suitable examples.
3. Analyse the case of ‘simultaneous equation bias’
in the Keynesian Model of Income
Determination.
4. Discuss the features of ‘fixed effect model’ and
‘random effect model’ in panel regressions.
Section—B
Note : Answer any four questions from this Section.
4×12=48
5. Distinguish between ‘quantitative research’ and
‘qualitative research’ with examples.
6. State the particulars of test for detecting the
presence of ‘irrelevant variables’.
7. Specify the form of a Logit Model indicating
why the OLS method of estimation cannot be
applied here.
8. Specify the conditions under which the ILS
method of estimation is applied.
9. Describe the Hausman’s model selection
procedure.
10. Illustrate the procedure for performing ‘oneway ANOVA in ‘R’.
11. Describe the procedure of obtaining the results
of ‘simple and multiple regression’ in EViews.
Section—C
12. Write short notes on any two of the following :
2×6=12
(a) ‘dwstat’ in STATA
(b) In-sample forecasting
(c) Pooled cross-section data
(d) Quasi-Demeaned Data