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Quantitative Methods for Economic Analysis
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Quantitative Methods for Economic Analysis
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25 Questions

1. A graphical representation of a frequency distribution is called a__________________
2. Which of the following is true concerning observation method of data collection
3. Which of the curves is more peaked than the normal curve?
4. A simple aggregate quantity index is used to:
5. Which of the following statements describes ‘Statistics’ most appropriately
6. Which of the following is not a measure of central tendency
7. Demand for seats in a university is at its highest in the fall; demand also tends to grow and fall off in 25-year waves. In time-series forecasting, the former demand characteristic would be called __________ and the latter would be called __________
8. The ratio-moving-average procedure can be used to deseasonalize data
9. The index number for the price of a good in 2002 was 142 and in 2003, it was 148.5, on a base year of 1994. What is the percent increase in price of gasoline from 2002 to 2003
10. If there is a very strong correlation between two variables then the correlation coefficient must be
11. ________was developed to measure changes in the cost of living in order to determine the wage increases necessary to maintain a constant standard of living.
12. You have a correlation coefficient of 0.45 between two variables. How much variance would these two variables (to the nearest whole number) share, in percentage terms
13. Gender is categorized as____data
14. Summary statistics for two samples of data are Sample 1: mean=19 variance=10 | Sample 2: mean=10 variance=19 Which sample has the larger spread of observations
15. The concept of a variable implies that the values of every characteristic of an item are different
16. The time series component that indicates a steady increase or decrease over time is known as a ____________
17. When the two regression lines coincide, then ‘r’ value is
18. Which two components are smoothed out by the moving average
19. The Laspeyres and Paasche index are examples of:
20. Which of the following statement is not correct in respect of the range as a measure of dispersion
21. If two variables are highly correlated, what do you know
22. The mean in the following numbers is _______:19, 21, 18, 17, 18, 22, 46
23. In an interview schedule to collect data from public, as response categories to the question “What is your age” the following are given. 1-5, 5-10, 10-20, 20-30, 30-40. What is the problem(s) with this
24. Which of the following is not a component of the multiplicative time series model?
25. Which of the following is the most appropriate measure of central tendency for ordinal data

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