Question: basic econometric exam Candidates MUST answer ALL THREE questions. Question 1 (a) Distinguish between linear in coefficient and linear in variable using a sample equation.

basic econometric exam

Candidates MUST answer ALL THREE questions. Question 1 (a) Distinguish between linear in coefficient and linear in variable using a sample equation. (4 marks) Write your answer in the box: (b) In the regression analysis, the stochastic error term () "catches" four sources of variation in the dependent variable that the deterministic part does not. Briefly explain the four sources of variation. (6 marks) Write your answer in the box: KSS 1/7 BEC2034 BASIC ECONOMETRICS DECEMBER 2023 (c) Discuss THREE (3) types of secondary data with an example each. (6 marks) Write your answer in the box: [Total: 16 marks]

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