Bachelor of Arts in Economics (BA Economics)

If a value is missing in a time series we can do one of the following

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Question:

If a value is missing in a time series we can do one of the following

A.

just copy the previous value

B.

estimate it as an average between two neighbouring values

C.

take the overall mean as the best estimate of it

D.

ignore it

Answer» b. estimate it as an average between two neighbouring values

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Which of the following statements is not correct

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Question:

Which of the following statements is not correct

A.

extreme value in data affects the mean

B.

mean is also known as average

C.

some data sets do not have mean

D.

at times weighted mean is much better than the simple mean

Answer» c. some data sets do not have mean

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

In which of the following situations will an increase in the money supply have no effect upon output?

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Question:

In which of the following situations will an increase in the money supply have no effect upon output?

A.

LM is steeply sloped and IS is steeply sloped

B.

LM is vertical and IS is steeply sloped

C.

LM is steeply sloped and IS is vertical

D.

LM is relatively flat as is IS

Answer» c. LM is steeply sloped and IS is vertical

Note: The above multiple-choice question is for all general and Competitive Exams in India.