1.

Un economista en una regresión simple obtiene los siguientes resultados 20 y 100 de la suma de los
cuadrados del error y de la suma de los cuadrados totales, respectivamente. En este caso el 𝑅2 sería
igual a:
A. 0.2
B. 0.8
C. 0.5
D. 0.4

2. . Bajo todas las hipótesis del modelo lineal general, indique cuál de las siguientes
afirmaciones son ciertas:
1. El valor esperado del estimador MCO de β es un vector de números que conoce el
investigador.
2. La matriz de varianzas del estimador MCO de β es la mínima que puede alcanzar
cualquier estimador lineal de β .
3. El estimador MCO de la varianza de las perturbaciones es sesgado.
4. La hipótesis de normalidad de las perturbaciones sólo resulta útil para demostrar a través
del Teorema de Gauss-Markov la eficiencia del estimador MCO de β .
5. La hipótesis de regresores fijos (no estocásticos) no es necesaria para demostrar la
insesgadez del estimador MCO de β .
A) Son correctas las afirmaciones 1, 3 y 4.
B) Son correctas las afirmaciones 1, 4 y 5.
C) Las cinco afirmaciones son incorrectas.

3. Which one of the following is NOT appropriate for studying the relationship between two quantitative
variables?
A. Scatterplot
B. Bar chart
C. Correlation
D. Regression

4. Which graph shows a

 pattern that would be appropriately described by the equation yˆ = b0 + b1x ?

A. B.

C. D.

5. Describe the type of association shown in the following scatterplot:

A. Positive linear association

B. Negative linear association
C. Positive curvilinear association
D. Negative curvilinear association
6. Describe the type of association shown in the following scatterplot:

A. Positive linear association

B. Negative linear association
C. Positive curvilinear association
D. Negative curvilinear association

7. Which of the following can NOT be answered from a regression equation?

A. Predict the value of y at a particular value of x.
B. Estimate the slope between y and x.
C. Estimate whether the linear association is positive or negative.
D. Estimate whether the association is linear or non-linear

For the next 4 questions: The simple linear regression equation can be written as yˆ = b0 + b1x
8. In the simple linear regression equation, the symbol yˆrepresents the
A. average or predicted response
B. estimated intercept
C. estimated slope
D. explanatory variable

9. In the simple linear regression equation, the term b0 represents the

A. estimated or predicted response
B. estimated intercept
C. estimated slope
D. explanatory variable

10. In the simple linear regression equation, the term b1 represents the
A. estimated or predicted response
B. estimated intercept
C. estimated slope
D. explanatory variable

11. In the simple linear regression equation, the symbol x represents the
A. estimated or predicted response
B. estimated intercept
C. estimated slope
D. explanatory variable
For the next 3 questions: A regression between foot length (response variable in cm) and height (explanatory
variable in inches) for 33 students resulted in the following regression equation:

yˆ = 10.9 + 0.23 x
12. One student in the sample was 73 inches tall with a foot length of 29 cm. What is the predicted foot length for
this student?
A. 17.57 cm
B. 27.69 cm
C. 29 cm
D. 33 cm

13. One student in the sample was 73 inches tall with a foot length of 29 cm. What is the residual for this student?
A. 29 cm
B. 1.31 cm
C. 0.00 cm
D. -1.31 cm

14. What is the estimated average foot length for students who are 70 inches tall?
A. 27 cm
B. 28 cm
C. 29 cm
D. 30 cm

For the next 3 questions: The following scatterplot shows the relationship between the left and right forearm
lengths (cm) for 55 college students along with the regression line, where y =left forearm length x = right forearm
length.

15. One of the four choices is the equation for the regression line in the plot. The regression equation is
A. yˆ= 1.22 + 0.95 x
B. yˆ= 1.22 − 0.95 x
C. xˆ= 1.22 + 0.95 y
D. xˆ= 1.22 − 0.95 y

16. One of the four choices is the value of the correlation for this situation. The correlation is
A. –0.88
B. 0.00
C. 0.88
D. 1.00
 17. ¿Cuál de las siguientes afirmaciones no es verdadera en un modelo de regresión estimado por
MCO?

1. El punto que corresponde a la media de la variable dependiente y la media de la variable

explicada están sobre la línea de regresión
2. LA suma de errores siempre es cero
3. Siempre existe el mismo número de puntos po encima de la línea de regresión que por
debajo de la línea para el caso de una regresión simple
4. El modelo estimado pose el mínimo valor posible para la suma de los residuos al cudrardo
5. 2 y 3
18. En una regresión sin intercepto, el valor esperado de los errores es:

1. Cero
2. Diferente de cero
3. Igual que con intercepto
4. Ninguna de las anteriores

19. Kiel and McClain (1995) studied the effect of a new garbage incinerator on housing values in
North Andover, Massachusetts. The hypothesis is tahat the price of house located near the
incinerator would fall realtive to the price od more distance house.

The used data on price sold in 1978 and another sample on those sold in 1981 . rprice denote the
house price in real term. Nearinc is a binary variable equal to one if the house to be near the
incinerator, zero otherwise.

We estimate a very simple model for two different years:

1981: 𝑟𝑝𝑟𝑖𝑐𝑒
̂ = 101,307.5 − 30,688.27𝑛𝑒𝑎𝑟𝑖𝑛𝑐
(3,093.0) (5,827.71)
1978: 𝑟𝑝𝑟𝑖𝑐𝑒
̂ = 82,517.23 − 18,824.37𝑛𝑒𝑎𝑟𝑖𝑛𝑐
(2,653.79) (4,744.59)

a) Interpret and explain the estimated coeffiecient (all four coefficient)

b) The coeffiencient are significatives?

20. We represent the relationship between consumption and national income as follows:

𝐶𝑡 = 𝛽0 + 𝛽1 𝑌𝑡 + 𝑒𝑡
𝑌𝑡 = 𝐶𝑡 + 𝑁𝐶𝑡

Donde 𝑌𝑡 =national income

C=Consumption expediture
NC=non-consumption expediture(e.g. Investment)
𝐶̂𝑡 = 2002.7 + 0.8151𝑌𝑡 + 𝑒𝑡
(3401) (0.063)

a) Are the OLS estimators unbiased and consistent? If not, what is the problem?