Question: SECTION B: Econometrics (40 marks) Question 4 (20 marks) 4.a Discuss the importance of the notion of 'ceteris paribus' in econometric analysis. (8 marks) 4.b

SECTION B: Econometrics (40 marks) Question 4 (20 marks) 4.a Discuss the importance of the notion of 'ceteris paribus' in econometric analysis. (8 marks) 4.b In data sampling and collection for OLS regression analysis, discuss why it is desirable to have a high level of variation in your explanatory variables. (8 marks) 4.c Discuss the advantages of multiple/multivariate regression analysis over simple/univariate regression analysis. (4 marks)

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