The word 'statistics' is used as _______

(a)

Singular.

(b)

Plural

(c)

Singular and Plural.

(d)

None of above

A measure of the strength of the linear relationship that exists between two variables is called:

(a)

Slope

(b)

Intercept

(c)

Correlation coefficient

(d)

Regression equation

If both variables X and Y increase or decrease simultaneously, then the coefficient of correlation will be:

(a)

Positive

(b)

Negative

(c)

Zero

(d)

One

The term regression was used by:

(a)

Newton

(b)

Pearson

(c)

Spearman

(d)

Galton

A process by which we estimate the value of dependent variable on the basis of one or more independent variables is called

(a)

Correlation

(b)

Regression

(c)

Residual

(d)

Slope

In the regression equation \(Y={ \beta }_{ \alpha }+{ \beta }_{ 1 }{ X }_{ , }\)the Y is called:

(a)

Independent variable

(b)

Dependent variable

(c)

Continuous variable

(d)

None of the above

Econometric is the word coined by

(a)

Francis Galton

(b)

Ragnar Frish

(c)

Karl Person

(d)

Spearsman

The term Uiin regression equation is

(a)

Residuals

(b)

Standard error

(c)

Stochastic error term

(d)

None

The term Uiis introduced for the representation of

(a)

Omitted Variable

(b)

Standard error

(c)

Bias

(d)

Discrete Variable

Econometrics is the amalgamation of

(a)

3 subjects

(b)

4 subjects

(c)

2 subjects

(d)

5 subjects

What is Statistics?

What do you mean by Inferential Statistics?

What are the kinds of data?

Define Correlation.

What is Econometrics?

What are the functions of Statistics?

State and explain the different kinds of Correlation

Mention the uses of Regression Analysis.

Differentiate the economic model with econometric model.

Distinguish between linear and non linear correlation.

Elucidatethe nature and scope of Statistics.

Describe the application of Econometrics in Economics.

Distinguish between Qualitative and Quantitative data.