ECON 7020X Econometrics
April 2, 2014
Instructor: Osman DOGAN
Question#1 (10 pts) In your own words, answer the following:
(i) What is econometrics?
(i) What is an estimator? What is an estimate?
(ii) What does unbiasedness imply for an estimator?
Econometrics 7020X Spring 2014
Instructor: Georgios Koimisis
Part I Theory
Part I has two separate theoretical questions
1. There are cases where the two-variable PRF can be assumed without intercept and the regression
1. Why the error term u appears in the regression analysis? Because we have to take into fact of
unspecified factors and explanatory variables not in the model.
A. false- The regression the dependent variab