Question:

Another name for the regression method is

A.

linear method

B.

univariate method

C.

time series method

D.

causal method

Answer» d. causal method

Question:

Which of the following is the most appropriate measure of central tendency for ordinaldata

A.

coefficient of variation

B.

variance

C.

median

D.

mean

Answer» c. median

Question:

What is the median of the following set of numbers? {12,8,13,4,7,6,3,3,15}

A.

12

B.

8

C.

7

D.

7.5

Answer» c. 7

Question:

A composite price index based on the prices of a group of items is known as the

A.

laspeyres index

B.

paasche index

C.

aggregate price index

D.

consumer price index

Answer» c. aggregate price index

Question:

The ratio-moving-average procedure can be used to deseasonalize data

A.

true

B.

false

C.

either of the above

D.

none of the above

Answer» a. true

Question:

When two variables are correlated we can say

A.

that they have a perfect positive relationship

B.

that they share variance

C.

high scores are frequent on x and y

D.

that they are independent

Answer» b. that they share variance

Question:

The mathematical notation R2is for:

A.

the co-efficient of determination

B.

the co-efficient of variation

C.

spearman’s co-efficient of rank correlation

D.

pearson’s co-efficient of correlation

Answer» a. the co-efficient of determination

Question:

This index measures the change from month to month in the cost of a representative‘basket’ of goods and services of the type bought by a typical household

A.

paasche price index

B.

retail price index

C.

laspeyres price index

D.

financial times index

Answer» b. retail price index

Question:

The distinctive feature of the ______ index is that it uses a group of commoditiespurchased in the base period as the basis for comparison

A.

paasche’s

B.

laspeyres

C.

fisher’s

D.

dorbish-bowley

Answer» b. laspeyres

Question:

A quantity index that is designed to measure changes in physical volume or productionlevels of industrial goods over time is known as the

A.

physical volume index

B.

time index

C.

index of industrial production and capacity utilization

D.

none of the above

Answer» c. index of industrial production and capacity utilization