Midterm 2 Study Hints
Econometrics
Fall, 2010
This time you CAN use calculator. But only a SIMPLE one, not the "FANCY" one with many functions.
You are NOT allowed to use your cell phone°s calculator function. The format of the exam will be the same.
There are two sections in the exam.
The ±rst section consists of multiple choice questions.
8 questions,
5pts each (total 40pts). De±nitions, concepts, and formulas will be asked in this section. Review your notes
carefully. Here is the list of topics you should know (yes, almost all topics on your slides and notes...):
Ch.4
°
The three least squares assumptions
°
Distribution of the OLS estimators: You don°t have to memorize the formula of the variance of OLS
estimators, but have to know they are normally distributed.
Ch.5
°
Regression with binary variable: interpretation of
°
0
and
°
1
:
°
Heteroskedasticity and Homoskedasticity: Interpretation of heteroskedasticity and homoskedasticity
°
GaussMarkov theorem
Ch.6
°
Omitted variable bias
°
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 Fall '10
 Otusbo
 Econometrics, Regression Analysis, regression model, 5pts, 40pts, 60PTS

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