ISS Statistics Paper III: Questions 87 - 90 of 90

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Question number: 87

» Applied Statistics » Time Series Analysis » Illustration, Additive and Multiplicative Models

Appeared in Year: 2014

Essay Question▾

Describe in Detail

What are the two mathematical models employed for time series analysis? Can one model be considered as a particular type of the other one? Which one of the two models is considered to be more useful and why? Discuss each of the above aspects.

Explanation

The two mathematical models employed for time series analysis:

(i) Additive model

(ii) Multiplicative Model

Additive model:

According to the additive model the time series can be expressed as

Ut=Tt+St+Ct+Rt

where

Ut is the time series… (432 more words) …

Question number: 88

» Econometrics » Heteroscedastic Disturbances

Appeared in Year: 2014

Essay Question▾

Describe in Detail

Discuss the problem of Heteroscedasticity in GLM. Describe Glejser test for detecting hetroscadasticity. What are the difficulties in using Glejser test? How do you overcome these difficulties?

Explanation

Problem of Hetroscadasticity:

  • One of the sources of Heteroscedasticity is grouping. data from large scale surveys are often in grouped form with an different number of entities in different groups. Working with group averages in such cases give rise to Heteroscedasticity disturbance.

  • There may be certain outlying observations in the… (498 more words) …

Question number: 89

» Applied Statistics » Index Numbers » Price Relatives and Quantity or Volume Relatives

Appeared in Year: 2014

Essay Question▾

Describe in Detail

Discuss how you will proceed for constructing a cost of living index number for a given expenditure group in a city.

Explanation

Steps involved in the construction of cost of living index number.

i) Scope and coverage: Since it is always constructed for a particular community, first step is to specify the particular class of people for which the index number is going to be constructed. such class may be industrial… (465 more words) …

Question number: 90

» Applied Statistics » Index Numbers » Fisher Index Numbers: Chain Base Index Number & Tests for Index Number

Appeared in Year: 2014

Essay Question▾

Describe in Detail

Define Fisher index number. Show why Fisher index number is said to be ideal index number. Also, show why Laspeyres’ and Paasche’s index number are not ideal one.

Explanation

Fisher’s index number:

Fisher’s index number is the geometric mean of laspeyer’s and Paasche’s index number. This index number uses bith base and current year quantities as weights. It counter balances the effect of upward and downward bias experienced with the method os Laspeyer’s and Paasche’s by taking into account… (523 more words) …

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