MECE-1 Solved Assignment English Medium 2022-23

 Free MECE-1 Solved Assignment English Medium 2022-23 for July 2022 and January 2023 Session

MECE-001: ECONOMETRIC METHODS

Tutor Marked Assignment (TMA)

Course Code: MECE-001

Asst. Code: MECE-001/AST/2022-23

Maximum Marks: 100

Note: Answer all the questions.

SECTION A

Answer the following questions in about 700 words each. The word limits do not apply in case of numerical questions. Each question carries 20 marks.

1. What do you understand by autocorrelation? What are the consequences of autocorrelation? How do you detect autocorrelation in a data set? Explain the steps you would follow to remove the problem of autocorrelation.

2. Consider the multiple regression models in its standard matrix form. Show that OLS estimators are Best Linear Unbiased Estimators (BLUE).

SECTION B

Answer the following questions in about 400 words each. Each question carries 12 marks.

3. What is meant by heteroscedasticity? Explain one of the remedial measures for the problem of heteroscedasticity.

4. What is meant by identification problem in a simultaneous equation system? How to decide whether an equation is identified?

5. What is meant by indirect least squares (ILS) method? Explain how the following model can be estimated using this method?

6. Explain the steps followed in estimation of parameters through the method of Generalised least squares (GLS).

7. Explain the concept of multicollinearity. What are its consequences on estimates? What remedial measures would you suggest for problem of multicollinearity? 

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