**MECE 001 Solved Assignment 2022-23**

**ECONOMETRIC METHODS**

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

**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?**

**Demand
function: ****𝑄****௧ = ****𝛼********ା****𝛼****ଵ****𝑃****௧ + ****𝛼****ଶ****𝑥****௧ + ****𝑢****ଵ****௧**

**Supply
function: ****𝑄****௧ = ****𝛽********ା****𝛽****ଵ****𝑃****௧ + ****𝑢****ଶ****௧**

**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.*

MECE 001 Solved Assignment 2022-23, MECE 001
Solved Assignment 2022-23, MECE 001 Solved Assignment 2022-23, MECE
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**MECE 001 Solved
Assignment 2022-23 :-** Those students who had successfully submitted their
Assignments to their allocated study centers can now check their Assignment
Status. Alongside --assignment status, they will also checkout their assignment
marks & result. All this is often available in a web mode. After submitting
the assignment, you'll check you MECE 001 Solved Assignment 2022-23 only after
3-4 weeks. MECE 001 Solved Assignment 2022-23 it'd take 40 days to declare MECE
001 Solved Assignment 2022-23

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