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Questions and Answers
Which term is used to describe the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation?
Which term is used to describe the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation?
- Econometrics (correct)
- Statistical methods
- Economic data
- Inference
Who is one of the founding fathers of econometrics?
Who is one of the founding fathers of econometrics?
- Jan Tinbergen (correct)
- Ragnar Frisch
- Both Jan Tinbergen and Ragnar Frisch
- None of the above
What is the basic tool for econometrics?
What is the basic tool for econometrics?
- Multiple linear regression model (correct)
- Econometric methods
- Mathematical statistics
- Statistical theory
What do econometricians try to find in their estimators?
What do econometricians try to find in their estimators?
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What does applied econometrics use?
What does applied econometrics use?
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