MECE 001 Solved Assignment 2022-23

ECONOMETRIC METHODS

Course Code: MECE 001

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

Maximum Marks: 100

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?

Demand function: 𝑄 = 𝛼𝛼𝑃 + 𝛼𝑥 + 𝑢

Supply function: 𝑄 = 𝛽𝛽𝑃 + 𝑢

where Q = quantity, P = Price, and X = income.

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?

MECE 001 Solved Assignment 2022-23 : All assignments are in PDF format which would be send on email/WhatsApp (9958676204) just after payment.

POST GRADUATE DIPLOMA IN AUDIO PROGRAMME PRODUCTION Master's Degree Programmes (M.A. ECONOMICS) ASSIGNMENTS

Dear Learner,

You have to submit one assignment in each course, i.e. MEC 108. All these are Tutor Marked Assignments (TMAs). Before attempting the assignments, please read the instructions provided in the Programme Guide carefully.

Kindly note, you have to submit these assignments to the Coordinator of your Study Centre within the stipulated time for being eligible to appear in the term-end examination. You must mention your Enrolment Number, Name, Address, Assignment Code and Study Centre Code on the first page of the assignment. You must obtain a receipt from the Study Centre for the assignments submitted and retain it. Keep photocopies of the assignments with you.

After evaluation, the assignments have to be returned to you by the Study Centre. Please insist on this and keep a record with you. The marks obtained by you will be sent by the Study Centre to the Student Evaluation Division at IGNOU, New Delhi.

Guidelines for Doing Assignments

There are five questions in each assignment, all carry equal marks. Attempt all the questions in not more than 500 words (each). You will find it useful to keep the following points in mind:

Planning: Read the assignments carefully. Go through the units on which they are based, make some points regarding each question and then rearrange them in a logical order

Organization and Presentation: Be analytical in your selection of the information for your answer. Give adequate attention to the introduction and the conclusion. Make sure that your answer is logical and coherent; has a proper flow of information.

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