10/12/23, 8:36 PM Review Test Submission: Online Quiz 4 (Chapter 5) – ...

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ECON3006 (Vietnam Session 3 2023) Economic and Financial Modelling

Assessment 3 (10%) - Online Quizzes Review Test Submission: Online Quiz 4 (Chapter 5)

Review Test Submission: Online Quiz 4 (Chapter 5)

User Hai Nhu Thai

Subject ECON3006 (Vietnam Session 3 2023) Economic and Financial Modelling
Test Online Quiz 4 (Chapter 5)
Started 13/10/23 12:24 AM
Submitted 13/10/23 12:36 AM
Due Date 16/10/23 3:59 AM
Status Completed
Attempt Score 10 out of 10 points
Time Elapsed 11 minutes out of 20 minutes
Results All Answers, Submitted Answers, Correct Answers, Incorrectly Answered
Displayed Questions

Question 1 1 out of 1 points

Which of the following is true of R2?

Selected
Answer:
R2 shows what percentage of the total variation in the dependent
variable, Y, is explained by the explanatory variables.

Answers:
R2 is also called the standard error of regression.

A low R2 indicates that the Ordinary Least Squares line fits the
data well.

R2 usually decreases with an increase in the number of

independent variables in a regression.

R2 shows what percentage of the total variation in the dependent

variable, Y, is explained by the explanatory variables.

Question 2 1 out of 1 points

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10/12/23, 8:36 PM Review Test Submission: Online Quiz 4 (Chapter 5) – ...

The assumption that there are no exact linear relationships among the
independent variables in a multiple linear regression model fails if _____, where
n is the sample size and k is the number of parameters.

Selected Answer: n<k+1

Answers: n>2

n=k+1

n>k

n<k+1

Question 3 1 out of 1 points

The Gauss-Markov theorem will not hold if _____.

Selected
Answer: the independent variables have exact linear relationships
among them

Answers: the error term has the same variance given any values of the
explanatory variables

the error term has an expected value of zero given any values
of the independent variables

the independent variables have exact linear relationships

among them

the regression model relies on the method of random sampling

for collection of data

Question 4 1 out of 1 points

Which of the following is true of BLUE?

Selected
Answer: An estimator is linear if and only if it can be expressed as a
linear function of the data on the dependent variable.
Answers: It is a rule that can be applied to any one value of the data
to produce an estimate.

An estimator is an unbiased estimator of if

for any .

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10/12/23, 8:36 PM Review Test Submission: Online Quiz 4 (Chapter 5) – ...

An estimator is linear if and only if it can be expressed as a

linear function of the data on the dependent variable.

It is the best linear uniform estimator.

Question 5 1 out of 1 points

High (but not perfect) correlation between two or more independent variables is
called _____.

Selected Answer: multicollinearity

Answers: heteroskedasticty

homoskedasticty

multicollinearity

micronumerosity

Question 6 1 out of 1 points

Consider the following regression equation: y = β0 + β1x1 + β2x2 + u. What

does β1 imply?

Selected Answer: β1 measures the ceteris paribus effect of x1 on y.

Answers: β1 measures the ceteris paribus effect of x1 on x2.

β1 measures the ceteris paribus effect of y on x1.

β1 measures the ceteris paribus effect of x1 on y.

β1 measures the ceteris paribus effect of x1 on u.

Question 7 1 out of 1 points

Find the degrees of freedom in a regression model that has 10 observations and 7
independent variables.

Selected Answer: 2

Answers: 17

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10/12/23, 8:36 PM Review Test Submission: Online Quiz 4 (Chapter 5) – ...

Question 8 1 out of 1 points

If the explained sum of squares is 35 and the total sum of squares is 49, what is
the residual sum of squares?

Selected Answer: 14

Answers: 84

13

83

14

Question 9 1 out of 1 points

Which of the following is true of R2?

Selected
Answer:
R2 shows what percentage of the total variation in the dependent
variable, Y, is explained by the explanatory variables.

Answers:
R2 is also called the standard error of regression.

A low R2 indicates that the Ordinary Least Squares line fits the
data well.

R2 usually decreases with an increase in the number of

independent variables in a regression.

R2 shows what percentage of the total variation in the dependent

variable, Y, is explained by the explanatory variables.

Question 10 1 out of 1 points

If an independent variable in a multiple linear regression model is an exact linear

combination of other independent variables, the model suffers from the problem
of _____.

Selected Answer: perfect collinearity

Answers: perfect collinearity

homoskedasticity

heteroskedasticty

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10/12/23, 8:36 PM Review Test Submission: Online Quiz 4 (Chapter 5) – ...

omitted variable bias

Friday, 13 October 2023 12:36:49 AM AEDT

← OK

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