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{"ops":[{"insert":"1.\u00a0\u00a0\u00a0\u00a0By taking one practical research problem please briefly discus about it in the perspective of methodology of econometrics?(5)\n2.\u00a0\u00a0\u00a0\u00a0Explain the differences between endogenity and autocorrelation? Under which circumstances is one most likely to encounter each of these problems? Explain in general, the procedure for dealing with each? Do these techniques have anything in common? Explain.(5)\n3.\u00a0\u00a0\u00a0\u00a0What estimation bias will occur using OLS if (4)\nAn endogenous variable is included in the model."},{"attributes":{"list":"ordered"},"insert":"\n"},{"insert":"A relevant variable is excluded from the model."},{"attributes":{"list":"ordered"},"insert":"\n"},{"insert":"The error terms are hetroscedastic?"},{"attributes":{"list":"ordered"},"insert":"\n"},{"insert":"How do you overcome these biases?"},{"attributes":{"list":"ordered"},"insert":"\n"},{"insert":"4.\u00a0\u00a0\u00a0\u00a0Give an economic example where you could encounter simultaneity bias and show how you estimate it.(4)\n5.\u00a0\u00a0\u00a0\u00a0Give practical economic research objectives that fit with Probit\/Logit \u00a0and tobit models and why? (7)\n6.\u00a0\u00a0\u00a0\u00a0Suppose your logit model output in analyzing factors affecting adoption of agricultural technology and found that the statistically significant and if the coefficient of income is 0.5, what does this mean?(5)\n\n"}]}

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