Buan 6312 - Study guides, Class notes & Summaries

BUAN 6312 Exam 2 Terms in this set (49) Endogeniety Correlation between explanatory variable and error term Endogeniety causes the least squares estimator to be what? Biased and inconsistent When what is correlated with the explanatory variable, the regression error will be correlated with the explanatory variable? Omitted variable Instrumental variables have no effect on what? Y Instrumental variables cannot be correlated with ___ but must be correlated with___ e,x Instrumental variabl...

BUAN 6312 Exam 1 Expected Questions and Answers In an F test, J is the number of what in the model? - ANSWER-Restrictions In an F test, K is the number of what in the unrestricted model? - ANSWER-Coefficients including the intercept Type I error - ANSWER-Rejecting H0 when true Type II error - ANSWER-Not rejecting H0 when false Reject H0 if p is ______ than alpha - ANSWER-less If the chosen model is correct, the plotted residuals should look completely what? - ANSWER- random What is it ...

BUAN 6312 Exam 2 Practice Questions and Answers Endogeniety - ANSWER-Correlation between explanatory variable and error term Endogeniety causes the least squares estimator to be what? - ANSWER-Biased and inconsistent When what is correlated with the explanatory variable, the regression error will be correlated with the explanatory variable? - ANSWER-Omitted variable Instrumental variables have no effect on what? - ANSWER-Y Instrumental variables cannot be correlated with ___ but must be c...