LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
M.A. DEGREE EXAMINATION – ECONOMICS
THIRD SEMESTER – NOVEMBER 2012
EC 3811/3875 – APPLIED ECONOMETRICS
Date : 08/11/2012 Dept. No. Max. : 100 Marks
Time : 9:00 – 12:00
PART – A
Answer any Five questions: (5 x 4 = 20)
- What is meant by model stability?
- State the methods of estimating Probit and Gprobit models.
- What is meant by Random Walk Phenomenon?
- Distinguish between AR process and MA process.
- State the uses of panel data sets.
- What is an LPM?
- Distinguish between ‘ordered’ and ‘un ordered’ outcomes in qualitative response models.
PART – B
Answer any Four questions: (4 x 10 = 40)
- Explain the procedure for testing the equality of two regression coefficients in a model.
- Outline the MWD test to choose between a linear and a log linear model.
- Explain the procedure of Logit method in estimating an LPM.
- Discuss the Random Effects Approach to estimation of a model using panel data
- Outline the B.J methodology of forecasting, using time series data.
- Discuss the Granger causality test with its assumptions and limitations.
- Distinguish between ARCH and GARCH effects.
PART – C
Answer any two questions: (2 x 20 = 40)
- Outline the tests of stationarity in time series data.
- Discuss AR, MA, ARMA, ARIMA and VAR Methods of forecasting.
- Compare and contrast FEM and REM as panel data models estimation procedures.
- Elucidate Probit, Multinomial Logit and Duration models in estimating qualitative response regression models.