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    Roll No - 14 - Name - Partha Mallick

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    This document contains an economics assignment given to a student. The assignment includes 3 questions asking the student to: [1] Distinguish between an economic model and econometric model with an example; [2] Comment on the goodness of fit and significant independent variables of a multiple regression model predicting agricultural production; [3] Justify whether an econometrician was correct to reject an insignificant model and list the assumptions of ordinary least squares regression. The student is asked to answer any two questions in 5-5 sentences each.

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    Roll No - 14 - Name - Partha Mallick

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    Partha Mallick
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    This document contains an economics assignment given to a student. The assignment includes 3 questions asking the student to: [1] Distinguish between an economic model and econometric model with an example; [2] Comment on the goodness of fit and significant independent variables of a multiple regression model predicting agricultural production; [3] Justify whether an econometrician was correct to reject an insignificant model and list the assumptions of ordinary least squares regression. The student is asked to answer any two questions in 5-5 sentences each.

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    This document contains an economics assignment given to a student. The assignment includes 3 questions asking the student to: [1] Distinguish between an economic model and econometric model with an example; [2] Comment on the goodness of fit and significant independent variables of a multiple regression model predicting agricultural production; [3] Justify whether an econometrician was correct to reject an insignificant model and list the assumptions of ordinary least squares regression. The student is asked to answer any two questions in 5-5 sentences each.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    10 views4 pages

    Roll No - 14 - Name - Partha Mallick

    Uploaded by

    Partha Mallick
    This document contains an economics assignment given to a student. The assignment includes 3 questions asking the student to: [1] Distinguish between an economic model and econometric model with an example; [2] Comment on the goodness of fit and significant independent variables of a multiple regression model predicting agricultural production; [3] Justify whether an econometrician was correct to reject an insignificant model and list the assumptions of ordinary least squares regression. The student is asked to answer any two questions in 5-5 sentences each.

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    of 4

    ASSIGNMENT: C-207 (MODULE-II) ECONOMETRICS

    SUPERVISOR: DR. SAMRAT ROY


    PREPARED BY: PARTHA MALLICK, ROLL NO: 95/mba/200014

    MBA(2020-2022)
    ASSIGNMENT QUESTIONS:

    ANSWER ANY TWO QUESTIONS [5+5]


    1. How can you distinguish between an economic model and econometric model ?
    Justify with example.

    2. The multiple regression model is given by :

    Agricultural production (Y) = 100 + 0.14 Irrigation + 1.43 Fertilizer + 0.11 Credit.
    t- values (0.13) (3.11) (0.12) (3.02)
    p –values [0.15] [0.00] [0.61] [0.002]
    Other Information :
    Number of observations : 500.
    R2 = 0.92
    F-statistic = 35.21
    p-value (0.00)
    Comment on the goodness of fit of the model and explain which independent variables
    are significant. [2+3]

    3. (a) “An econometrician finds that the estimation results satisfy the goodness of fit
    but the F-statistic appears to be insignificant at 5% level. He rejects the model.’-
    Justify whether he is doing the right or not.

    (b ) What are the OLS assumptions ? [3+2]

    ………………………………………………………………………………………………………………………………..
    SOLUTION:

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