25 Questions
What is the literal meaning of econometrics?
Measurement in economics
Which field does theoretical econometrics focus on?
Development of appropriate methods for measuring economic relationships specified by econometric models
What does financial econometrics involve?
Application of statistical and mathematical techniques to problems in finance
Which problem may be solved by an Econometrician?
Determine factors affecting firms performance
What is an example of a problem that may be solved by an Econometrician related to finance?
Measuring and forecasting the volatility of bond returns
What does applied econometrics involve?
Using the tools of theoretical econometrics to study some special fields of economics and business
What are the 3 types of data which econometricians might use for analysis?
Time series data, cross-sectional data, and panel data
Which type of data is characterized by being collected at a single point in time?
Cross-sectional data
What type of regression could be used to determine the relationship between company size and the return to investing in its shares?
Cross-sectional regression
What is the common way to denote each observation in time series data?
By the letter t and the total number of observations by T
Which type of data can take on any value and are not confined to specific numbers?
Continuous data
In which type of regression would you investigate the effect on a country’s currency of an increase in its interest rate?
Time series regression
What type of data has the dimensions of both time series and cross-sections?
Panel data
What is an example of continuous data?
$6.2 ext{%}$ rental yield on a property
Which one is not a problem tackled using cross-sectional regression?
The effect on currency with increase in interest rate.
What is the literal meaning of econometrics?
The literal meaning of econometrics is 'measurement in economics.'
What does financial econometrics involve?
Financial econometrics involves the application of statistical and mathematical techniques to problems in finance.
What is an example of a problem that may be solved by an Econometrician related to finance?
Measuring and forecasting the volatility of bond returns is an example of a problem that may be solved by an Econometrician related to finance.
What does applied econometrics involve?
Applied econometrics involves using the tools of theoretical econometrics to study specific fields of economics and business, such as the production function, investment function, demand and supply functions, portfolio theory, etc.
What is an example of continuous data?
An example of continuous data is the modeling of long-term relationships between prices and exchange rates.
What are the 3 types of data that econometricians might use for analysis?
Time series data, Cross-sectional data, Panel data
Give an example of a problem that could be tackled using a Time Series Regression.
Determinants of nonperforming loan of Commercial Bank of Ethiopia
What are Continuous data and Discrete data?
Continuous data can take on any value and are not confined to specific numbers, while Discrete data can only take on certain values, which are usually integers.
What is the common way to denote each observation in time series data?
The letter t and the total number of observations by T
What type of data has the dimensions of both time series and cross-sections?
Panel data
Explore the nature and purpose of econometrics with this quiz based on Chapter 1 of 'Introductory Econometrics for Finance' by Chris Brooks. Learn about the literal meaning of econometrics, its types - theoretical and applied econometrics, and the methods for measuring economic relationships specified by econometric models.
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