EVIEWS WORKSHOP

Which of the following is an example of time series data?

• Data on the unemployment rates in different parts of a country during a year.

• Data on the consumption of wheat by 200 households during a year.

• Data on the gross domestic product of a country over a period of 10 years.

• Data on the number of vacancies in various departments of an organization on a particular month

Which of the following refers to panel data?

• Data on the birth rate, death rate and population growth rate in developing countries over a 10-year period.

• Data on the unemployment rate in a country over a 5-year period.

• Data on the price of a company’s share during a year.

• Data on the income of 5 members of a family on a particular year.

Which of the following is true?

• Difficulty in inferring causality disappears when studying data at fairly high levels of aggregation.

• The problem of inferring causality arises if experimental data is used for analysis.

• A variable has a causal effect on another variable if both variables increase or decrease simultaneously

• The notion of ‘ceteris paribus’ plays an important role in causal analysis.

If a change in variable x causes a change in variable y, variable x is called the ___.

• response variable

• explanatory variable

• dependent variable

• explained variable

Which of the following is a difference between panel and pooled cross-sectional data?

• A panel data set consists of data on the same cross-sectional units over a given period of time while a pooled data set consists of data on different cross-sectional units over a given period of time.

• A panel data set consists of data on a single variable measured at a given point in time while a pooled data set consists of data on more than one variable at a given point in time

• A panel data set consists of data on different cross-sectional units over a given period of time while a pooled data set consists of data on the same cross-sectional units over a given period of time.

• A panel data consists of data on a single variable measured at a given point in time while a pooled data set consists of data on the same cross-sectional units over a given period of time.