QUESTION 1 a) Describe the main differences between cross-sectional data and panel data. b) What are censoring and trun
Posted: Thu May 19, 2022 5:35 am
QUESTION 1
a) Describe the main differences between cross-sectional data and
panel data.
b) What are censoring and truncation problems in data
analysis?
c) Explain the Method of least square and its assumptions. Also
discuss the goodness of fit test and hypothesis testing of
coefficient estimates.
d) Describe the problem of heteroskedasticity of residuals in
ordinary least squares (OLS) regressions (also providing graphical
evidence of the problem) and discuss how this problem can be
detected and addressed.
a) Describe the main differences between cross-sectional data and
panel data.
b) What are censoring and truncation problems in data
analysis?
c) Explain the Method of least square and its assumptions. Also
discuss the goodness of fit test and hypothesis testing of
coefficient estimates.
d) Describe the problem of heteroskedasticity of residuals in
ordinary least squares (OLS) regressions (also providing graphical
evidence of the problem) and discuss how this problem can be
detected and addressed.