HW1_20170105_ToStudents

# HW1_20170105_ToStudents - City University of Hong Kong...

This preview shows pages 1–2. Sign up to view the full content.

1 City University of Hong Kong EF3450 Principles of Econometrics Semester B 2016-2017 Dr. Isabel Yan Assignment 1 (Total: 46 points) Notes: 1. Due Feb 6 at the beginning of lecture 2. Write down your full name, student ID number, lecture time and tutorial time on your answer sheet 3. Please write down all your steps in deriving the answers 4. For the computer exercises, you do not need to print out all the computer output. You just need to report the results that are explicitly asked for in the questions Introduction to Econometric Model Multiple choice questions (1 point each): 1. Refer to the following econometric model: Q s = 1 + 2 P + e where Q s is annual quantity supplied, P is the price of the product. 2 is a.) the intercept coefficient b.) the slope coefficient c.) measures how Q s changes when P changes by one unit d.) measures how the expected value of Q s changes when P changes by one unit e.) both b and c. f.) both b and d. 2. Refer to the same econometric model as in question 1, Q s a.) refers to the actual observed values of the annual quantity supplied b.) refers to the expected values of the annual quantity supplied given the value of P c.) the variable that we would like to explain its behavior using the model d.) the variable that we use to explain the behavior of price P using the model e.) both a and c. f.) both b and c. g.) both a and d. h.) both b and d.

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern