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12th Economics Weekly Test - 1 ( Introduction to Statistical Methods and Econometrics )

St. Britto Hr. Sec. School - Madurai

12th Economics Weekly Test - 1 ( Introduction to Statistical Methods and Econometrics )-Aug 2020

Time : 1.30 Hours

Part - A

Multiple Choice Question - Answer All Question

The first book to have statistics as its title was ‘Contributions to vital Statistics’ by _________.

Karl Pearson
Francis GP Neison
Crowther
Fisher

What is the term given for the following sequence of action?
“Economic theory, Mathematical model of the theory, Economic model of the theory, Data Estimation of econometric model, Hypothesis Testing, ,Forecasting or prediction Using the model for control or policy purpose”

Anatomy of Economic Modeling
Anatomy of Mathematical Economic Modeling
Anatomy of Econometric Modeling
None of the above

Who stated that statistics as a science of estimates and probabilities.

Horace Secrist.
R.A Fisher
Ya-Lun-Chou
Boddington

A magazine editor designs a survey to better serve the interests of the magazine’s readers. Some of the questions about the respondent include the respondent’s. Which of these variables are qualitative?
i) age. ii) gender. iii) income.

ii)
i) and iii)
ii) and iii)
i), ii), and iii)

In correlation, there are _______ types based upon the number of variables studied as

one
two
three
four

Find the equation of multiple correlation.

Qd= f (P, Pc, Ps, t, y)
X= a – bx
Y= a + bx
Y= a – bx

(i) There are two kinds of dispersion.
(ii) Absolute and relative measures of dispersion.

Both (i) and (ii) are true
Both (i) and (ii) are false.
(i) is true but (ii) is false
(i) is false but (ii) is true

_______________ data are original in character.

Primary
Discrete
Raw
Continuous

There are two methods of calculating Standard deviation in an individual series.

deviations taken from actual mean and deviation taken from assumed mean
deviations taken from assumed mean and deviation taken from actual mean
deviations taken from actual median and deviation taken from assumed mean
None of the above

The word 'statistics' is used as _______

Singular.
Plural
Singular and Plural.
None of above

Part - B

Generic 2 - Answer All Question

What is Negative Correlation?

What is positive c;orrelation?

Write a note on absolute measure of dispersion.
Mention the meaning of relative measure of dispersion.

Write an equation on :
i) Statistics Regression,
ii) Econometrics Regression

What is central tendency?

Part - C

Generic 3 - Answer All Question

Find the Standard Deviation of the following data:14,22,9,15.20,17,12.11

State and explain the different kinds of Correlation

Discuss the important statistical organizations (offices) in India.

Draw the various kinds of scatter diagram.
What are the limitation of statistics?

Discuss the limitations of statistics.

Part - D

Generic 5 - Answer All Question

Calculate the standard deviation from the following data by Actual Mean Method: 25, 15, 23, 42, 27, 25, 23, 25, and 20.

The height of a child increases at a rate given in the table below. Fit the straight line using the method of least-square and calculate the average increase and the standard error of estimate.

Month 1 2 3 4 5 6 7 8 9 10

Height: 52.5 58.7 65 70.2 75.4 81.1 87.2 95.5 102.2 108.4
Compare and contrast primary and secondary data.

What are the steps taken to calculate S.D?

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