LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
M.A. DEGREE EXAMINATION – ECONOMICS
THIRD SEMESTER – NOVEMBER 2010
EC 3811 / 3875 – APPLIED ECONOMETRICS
Date : 09-11-10 Dept. No. Max. : 100 Marks
Time : 9:00 – 12:00
PART A
Answer any FIVE of the following questions:- [ 5×4=20 marks]
- What is meant by structural break or structural change?
- Distinguish between probit and logit techniques.
- What is meant by count R2?
- What is censored regression?
- Define a ‘Random Walk Model’.
- What is cointegration?
- Distinguish between ‘ARCH’ and ‘GARCH ‘ models .
PART B
Answer any FOUR of the following questions:- [4X10=40 marks]
- Outline the procedure for testing ‘Linear Equality Restrictions’.
- Explain the idea behind ‘Linear Probability Model.
- Outline Recursive Residual Test of model stability.
- Explain the Probit model as an alternative to LPM.
- Briefly explain the Error components Model in panel data regression.
- Explain the procedure of Box-Jenkins methodology.
- Discuss the estimation aspects of an ARIMA model.
PART C
Answer any TWO of the following questions:- [ 2X20=40 marks]
- Discuss the possibilities of panel data models under LSDV approach.
- Evaluate the tests of stationarity.
- Discuss the approaches to economic forecasting based on time series data.
- Explain the Arch and GARCH models in measuring volatility in financial time series.
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