Top 150+ Solved Quantitative Methods for Economic Analysis 1 MCQ Questions Answer
Q. A scaling factor is used to:
a. change a simple index to a weighted index
b. convert the paasche index to a laspeyres index
c. change an aggregate index to a weighted index
d. change the base year
Q. The distinctive feature of the ______ index is that it uses a group of commoditiespurchased in the base period as the basis for comparison
a. paasche’s
b. laspeyres
c. fisher’s
d. dorbish-bowley
Q. ________was developed to measure changes in the cost of living in order to determinethe wage increases necessary to maintain a constant standard of living.
a. price index
b. sensex
c. correlation
d. regression
Q. ____________ measure of living costs based on changes in retail prices
a. correlation
b. whole sale price index
c. consumer price index
d. regression
Q. Paasche index was developed by ______economist Hermann Paasche for measuringcurrent price or quantity levels relative to those of a selected base period
a. american
b. british
c. australian
d. german
Q. The ratio-moving-average procedure can be used to deseasonalize data
a. true
b. false
c. either of the above
d. none of the above
Q. The weighing factor, used in the exponential smoothing method, is always a numberbetween ______
a. zero and ten
b. five and ten
c. zero and one
d. zero and negative one
Q. A moving average of a time series is the value around which a series moves over time.
a. true
b. false
c. either of the above
d. none of the above
Q. In a time series analysis it is often important to analyze seasonal variations
a. true
b. false
c. either of the above
d. none of the above
Q. Which one of the following is not a component of the multiplicative time series model?
a. trend
b. irregular variation
c. regression trend
d. seasonality
Q. Which of the following is not a component of the multiplicative time series model?
a. trend analysis
b. seasonal variation
c. cyclical variation
d. regressive variation
Q. The time series component that indicates a steady increase or decrease over time isknown as a ____________
a. order
b. pattern
c. trend
d. seasonality
Q. A pattern in a times-series model that occurs over a duration of more than a year iscalled a ___________ variation
a. trend
b. seasonal
c. cyclical
d. regressive
Q. Which two components are smoothed out by the moving average
a. seasonality and irregular
b. cyclicality; seasonality
c. variability: randomality
d. randomality; seasonality