LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
M.A. DEGREE EXAMINATION – ECONOMICS
|
SECOND SEMESTER – APRIL 2006
EC 2807 – ECONOMETRICS
Date & Time : 26-04-2006/9.00-12.00 Dept. No. Max. : 100 Marks
PART – A
Answer any FIVE questions in about 75 words each. (5 x 4 = 20 Marks)
- Distinguish between ‘Mathematical Economics’ and ‘Econometrics’.
- What is meant by dummy variable trap?
- What is speciafication error?
- Define ‘Multicollinearity’.
- Define the stochastic error term in an econometric model.
- How do you use rank condition in identifying a simultaneous equation model?
- What is seasonal adjustment?
PART – B
Answer any FOUR questions in about 250 words each. (4 x 10 = 40 Marks)
- Discuss the properties of a good estimator.
- Derive multicollinearity and its consequences and discuss the remedial measures.
- Derive the consequences of specification error.
- Define heteroscedasticity and explain its consequences.
- Derive the estimates vector under grouping of observations.
- Distinguish between error in the measurement of dependent variable and that of the independent variable.
- Discuss Almon’s transformation used in estimating a distributed lag model.
PART – C
Answer any TWO questions in about 900 words each. (2 x 20 = 40 Marks)
- Show that the efficiency of OLS estimate is less than that of GLS under GLS assumptions. (Use estimate of OLS and GLS variances)
- is one equation in a three equation model which contains three other exogenous variables and . Observations gives the following matrices.
- Derive 2SLS estimates.
- Derive the following results:
- e = Mu
- e’e = u’Mu
- E(e’e)=(n-k)s2
Latest Govt Job & Exam Updates: