ECON203 Final Exam - Econometrics — Flashcards | Economics 101 | FatSkills

ECON203 Final Exam - Econometrics — Flashcards

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MCQs on Econometrics, which is the use of statistical methods to develop theories or test existing hypotheses in economics or finance. 
 

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While estimating a population mean given a finite sample of observations, we find that there is more than one unbiased estimator for it. In this case, what would be the criteria for choosing between the estimators?
We choose the one with the smallest population variance.
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