# Econometrics-Ordinary Least Squares (OLS) (ISS (Statistical Services) Statistics Paper III): Questions 1 - 5 of 5

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## Question number: 1

» Econometrics » Ordinary Least Squares (OLS)

Appeared in Year: 2015

### Describe in Detail

Describe in detail Indirect Least square method for estimating structural parameters. Is the estimator unbiased and/or consistent?

### Explanation

… (312 more words) …

## Question number: 2

» Econometrics » Ordinary Least Squares (OLS)

Appeared in Year: 2011

### Describe in Detail

If is an individual’s utility function of two goods, show that the demand for the goods is and

Where and are the fixed price and µ be the individual fixed income.

### Explanation

… (43 more words) …

## Question number: 3

» Econometrics » Ordinary Least Squares (OLS)

Appeared in Year: 2012

### Describe in Detail

Discuss the practical consequences of autocorrelation. Show that

### Explanation

… (202 more words) …

## Question number: 4

» Econometrics » Ordinary Least Squares (OLS)

Appeared in Year: 2012

### Write in Short

If the demand curve is of the form , where *p* is the price and *x* is the demand, prove that the elasticity of demand is · Hence deduce the elasticity of demand for

## Question number: 5

» Econometrics » Ordinary Least Squares (OLS)

Appeared in Year: 2012

### Write in Short

Let the demand function be expressed as. For what value of X, the elasticity of demand will be unitary?