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7. Which of the following is the main source of data? A. IMF database B. United Nations database C. world bank database D. All of above 8. are data on more than one variable collected at the same point in time A. Time series data B. Cross-section data C. Pooled data D. Panel data 9. Regression analysis is concerned dependence among variables. with A. Linear B. Deterministic C. Statistical D. None 10. The term random is a synonym for the term A. Deterministic B. Stochastic C. Linear D. None onus Question 1: What is the regression analysis concerned with (the objectiveo gression analysis)? Bonus Question 2: What is the stochastic error term?

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Answer #1

8)
cross-section data are data on more than one variable collected at the same point in time
B)

9)

A) linear

10)

stochastic -

having a random probability distribution or pattern that may be analysed statistically but may not be predicted precisely.
B) stochastic

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