Managerial Econ Chapter 5
An estimated regression coefficient is 10 with a standard error of 5. The null hypothesis is that the partial regression coefficient equals zero. What is the value of the t-statistic for testing the null hypothesis of the regression coefficient?
Choose one answer. | a. 2 | | | b. 0.5 | | | c. 5 | | | d. 1 | |
Correct
Marks for this submission: 1/1.
Question 2
Marks: 1
Given the demand function in log-linear form: Q = 120 - 1.5P + 12ADV where Q = quantity, P = price, and ADV = advertising expenditures, what is the price elasticity?
Choose one answer. | a. -1.5, elastic | | | b. 1.5, inelastic | | | c. 12, elastic | | | d. 120, elastic | |
Incorrect
Marks for this submission: 0/1.
Question 3
Marks: 1
The method of forecasting with leading indicators can be criticized for
Choose one answer. | a. frequent revisions of data after original publication. | | | b. occasionally forecasting a recession when none ensues. | | | c. forecasting the direction of the economy but not the size of the change in economic activity. | | | d. All of the above | |
Correct
Marks for this submission: 1/1.
Question 4
Marks: 1
Regression analysis can best be described as
Choose one answer. | a. a statistical technique for creating functional relationships among variables. | | | b. a statistical technique for determining the true values of variables. | | | c. a statistical technique for estimating the best relationship between one variable and a set of other selected variables. | | | d. None of the above | |
Incorrect
Marks for this submission: 0/1.
Question 5
Marks: 1
The forecasting technique which involves the use of the least squares statistical method to examine trends, and takes into account seasonal and cyclical fluctuations, is known as
Choose one answer. | a. exponential smoothing projection. | | | b. compound growth rate projection. | | | c. the Delphi method. | | | d. time
Choose one answer. | a. 2 | | | b. 0.5 | | | c. 5 | | | d. 1 | |
Correct
Marks for this submission: 1/1.
Question 2
Marks: 1
Given the demand function in log-linear form: Q = 120 - 1.5P + 12ADV where Q = quantity, P = price, and ADV = advertising expenditures, what is the price elasticity?
Choose one answer. | a. -1.5, elastic | | | b. 1.5, inelastic | | | c. 12, elastic | | | d. 120, elastic | |
Incorrect
Marks for this submission: 0/1.
Question 3
Marks: 1
The method of forecasting with leading indicators can be criticized for
Choose one answer. | a. frequent revisions of data after original publication. | | | b. occasionally forecasting a recession when none ensues. | | | c. forecasting the direction of the economy but not the size of the change in economic activity. | | | d. All of the above | |
Correct
Marks for this submission: 1/1.
Question 4
Marks: 1
Regression analysis can best be described as
Choose one answer. | a. a statistical technique for creating functional relationships among variables. | | | b. a statistical technique for determining the true values of variables. | | | c. a statistical technique for estimating the best relationship between one variable and a set of other selected variables. | | | d. None of the above | |
Incorrect
Marks for this submission: 0/1.
Question 5
Marks: 1
The forecasting technique which involves the use of the least squares statistical method to examine trends, and takes into account seasonal and cyclical fluctuations, is known as
Choose one answer. | a. exponential smoothing projection. | | | b. compound growth rate projection. | | | c. the Delphi method. | | | d. time