ISS (Statistical Services) Statistics Paper III: Questions 7 - 11 of 96

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Question number: 7

» Applied Statistics » Index Numbers » Link and Chain Relatives Composition of Index Numbers

Appeared in Year: 2015

Essay Question▾

Describe in Detail

In the construction of price index numbers, explain the terms ‘time reversal test’ and ‘factor reversal test’. Show that both these tests are satisfied by the Fisher index.

Explanation

… (292 more words) …

Question number: 8

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

Appeared in Year: 2015

Short Answer Question▾

Write in Short

State the problem of autocorrelation in a general linear model. Why does this problem arise? Demonstrate its effect on ordinary least square estimator (OLSE).

Question number: 9

» Sampling Techniques » Simple Random Sampling With and Without Replacement

Appeared in Year: 2015

Essay Question▾

Describe in Detail

Show that SRSWOR, the sample proportion is an unbiased estimator of the population proportion of members possessing a certain character. Hence obtain the variance of the estimator.

Explanation

… (137 more words) …

Question number: 10

» Econometrics » Autoregressive Linear Regression

Appeared in Year: 2015

Essay Question▾

Describe in Detail

Write down the auto correlation function of order k. For an AR (1) model X t =0.7X t-1t, where {ϵ t} is a white noise process. Show that this model can be expressed as a moving average process of infinite order. Check the model of stationary.

Explanation

… (153 more words) …

Question number: 11

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

Appeared in Year: 2015

Essay Question▾

Describe in Detail

The following information concerns changes in price and consumption (quantity) of certain major of components of the consumption basket of the labour class:

changes in price and consumption (quantity) of certain major of components of the consumption basket

In detail changes in price and consumption (quantity) of certain major of components of the consumption basket

-

-

-

Year 2000

Year 2000

Year 2014

Year 2014

SI. No.

Item

Unit

Price ( Rs. )

Consumption

Price ( Rs. )

Consumption

1

Rice

Quintal

500

16

640

20

2

Wheat

Quintal

240

52

320

10

3

Cloth

Metre

16

50

20

35

Compute price index using

(i) Fisher’s method

(ii) Marshall-Edgeworth method

Also interpret the results.

Explanation

… (210 more words) …

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