Reference no: EM1376364
6. One of the series included among the lagging indicators is
A. the change in sensitive material prices
B. the index of industrial production
C. employees on non-agricultural payrolls
D. average duration of unemployment
7. An explanatory forecasting technique in which the analyst must select independent variables that help determine the dependent variable is called
A. exponential smoothing
B. regression analysis
C. trend analysis
D moving average method
8. When the more recent observations are more relevant to the estimate of the next period than previous observations, the naive forecasting method to employ is
A. exponential smoothing
B. compound growth rate
C. trend analysis
D. moving averages
9. The forecasting technique, which predicts technological trends and is carried out by a sequential series of written questions and answers ias
A. the Delphi method
B. the market research method
C. opinion polling
D. the jury of executive opinion approach
10. The following is not one of the leading indicators:
A. index of consumer expectations, U of Michigan
B. change in consumer price index for services
C. vendor performance, slower deliveries diffusion index
D. manufacturers' new orders, nondefense capital goods
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Effect of education on earnings
: As a natural experiment to estimate the effect of education on receivings, a researcher compares schooling and educational attainment of two groups of people.
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Kuznets hypothesized in economic development
: In the name of Simon Kuznets is the concept that the relationship in GDP and inequality is nonlinear. Kuznets hypothesized three phases in economic development.
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Compute the elasticity variable
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Use of dummy variable in regression analysis
: Determine which of the following is a test of the statistical signficiance of the entire regression equation?
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Forecasting methods or techniques
: When the more current observations are more relevant to estimate of next period than previous observations, the naive forecasting method to employ is
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Graphically show the production possibilities frontier
: Graphically demonstrate the production possibilities frontier for nation of Stromboli, using information given in the following table.
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Interpreting regression results
: How do you interpret the effect of immigrant status on wages when the model is Log wages regressed on immigrant dummy, and an immigrant dummy interaction
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Determine the linear trend
: The given information is the quarterly sales of gasoline in the U.S. in millions of barrels during part of the 1980s and the 1990s. Determine the linear trend and use it to forecast sales for first quarter of 1992.
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Question about heteroskedasticity
: Estimating equation through a correcting factor to correct heteroskedasticity may cause extra correlation to enter the model, which increase the R^2.
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