ECS3706_exam_pack
ECONOMETRICS STUDY PACK MAY/JUNE 2016 Question 1 (a) (i) Describing economic reality (ii) Testing hypothesis about economic theory (iii) Forecasting future economic activity (b) (i) regression analysis is used to make quantitative estimates of economic relationship that previously have been completely theoretical in nature. (ii) usually population size may be too large or unknown therefore inference is made on the sample drawn from the population using the estimated regression equation which is the statistical technique that attempts to explain movements in one dependent variable given independent variables (iii) TSS is the squared variation of Y around its mean it is measured by
Geschreven voor
- Instelling
- University of South Africa
- Vak
- ECS3706 - Econometrics
Documentinformatie
- Geüpload op
- 24 september 2021
- Aantal pagina's
- 25
- Geschreven in
- 2021/2022
- Type
- Tentamen (uitwerkingen)
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- Vragen en antwoorden
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econometrics study pack
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ecs3706exampack