Welcome to your Econometrics Practice - 1
9. If errors are not normally distributed then the OLS estimators are
4. An observation with a large residual is
2. In Yi = B1 + B2Xi + ui, ui
7. In the simple linear regression model, the regression slope
10. Under the test-of-significance approach (t-test), a statistic is said to be statistically insignificant if the value of the test statistic lies in the critical region. The statement is
8. Homoscedasticity refers to the error terms having
9. According to Akaike's Information Criterion (AIC), while comparing 2 or more models, the model is selected which has
2. Variables such as gender, marital status, the colour of the eye are examples of
6. Variables such as grades in maths, results of the race are examples of
6. In sample regression function, the observed Yi can be expressed as Yi = Yi(hat) + B2(hat)Xi + ui(hat). This statement is
