Question:

If regression analysis is used to estimate the linear relationship between the naturallogarithm of the variable to be forecast and time, then the slope estimate is equal to

A.

the linear trend

B.

the natural logarithm of the rate of growth

C.

the natural logarithm of one plus the rate of growth

D.

the natural logarithm of the square root of the rate of growth

Answer» c. the natural logarithm of one plus the rate of growth

Question:

We use price index numbers

A.

to measure and compare prices

B.

to measure prices

C.

to compare prices

D.

none of the above

Answer» a. to measure and compare prices

Question:

The Laspeyres and Paasche index are examples of:

A.

weighted price index only

B.

aggregate index numbers

C.

weighted index numbers

D.

weighted quantity index only

Answer» c. weighted index numbers

Question:

Paasche index was developed by ______economist Hermann Paasche for measuringcurrent price or quantity levels relative to those of a selected base period

A.

american

B.

british

C.

australian

D.

german

Answer» d. german

Question:

The test of shifting the base is called

A.

unit test

B.

time reversal test

C.

circular test

D.

none of the above

Answer» c. circular test

Question:

_______________ is particularly suitable for the construction of index nos

A.

harmonic mean

B.

arithmetic mean

C.

geometric mean

D.

none

Answer» c. geometric mean

Question:

Arrange the numbers in numerical order and see which is repeated most often. This describes which measure of central tendency

A.

mean

B.

median

C.

range

D.

mode

Answer» d. mode

Question:

The term econometrics was coined by

A.

marsahll

B.

pawel

C.

ragnar frisch

D.

pareto

Answer» c. ragnar frisch

Question:

A teacher surveys the students attending a seminar and finds that 20% are I BA studentsand 45% are II BA students. This is an example of

A.

descriptive statistics

B.

inferential statistics

C.

secondary data

D.

nominal data

Answer» a. descriptive statistics

Question:

Questionnaires can address events and characteristics taking place ______

A.

in the past (retrospective questions)

B.

in the present (current time questions)

C.

in the future (prospective questions)

D.

all of the above

Answer» d. all of the above