A parameter is Select one: a. a function that is computed from the sample data. b. a value that has a constant variance. c. a value that fluctuates depending on the sample it is computed from. d. a function that exists within the population.
A parameter is Select one: a. a function that is computed from the sample data. b. a value that has a constant variance. c. a value that fluctuates depending on the sample it is computed from. d. a function that exists within the population.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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- A parameter is
Select one:
a. a function that is computed from the sample data.
b. a value that has a constant variance.
c. a value that fluctuates depending on the sample it is computed from.
d. a function that exists within the population.
- The predicted value of y_i is
Select one:
a. the value of y_i when the slope is multiplied a specific x_i and then that value is added to the intercept.
b. the value that y_i takes on when x_i equals 0.
c. the observed value of the dependent variable that is associated with a specific value of the independent variable.
d. the effect that a one-unit change in the dependent variable is expected to have on the independent variable, holding all else constant.
- Time-series data is data collected
Select one:
a. without replacement.
b. for many different individuals, countries, firms, etc. in a given time-period.
c. for a number of individuals, countries, firms, etc. over many different time periods.
d. for a given individual, country, firm, etc. over many different time periods.
- The estimated slope coefficient
Select one:
a. is the true value of the population slope coefficient.
b. is found in the population regression model.
c. is the predicted value of the dependent variable.
d. is found by minimizing the sum of squared residuals.
- Cross-sectional data is data collected
Select one:
a. for a given individual, country, firm, etc. over many different time periods.
b. for a number of individuals, countries, firms, etc. over many different time periods.
c. with replacement.
d. for many different individuals, countries, firms, etc. in a given time period.
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