BECE-142 · June 2025 · English
IGNOU BECE-142 June 2025 Previous Year Question Paper
APPLIED ECONOMETRICS
Structured previous year question paper for BECE-142, June 2025 session.
Max marks: 100 · Questions: 12 · Sections: 3
Verified: 5 Aug 2026
B. A. (HONOURS) ECONOMICS
(BAECH)
Term-End Examination
June, 2025
BECE—142 : APPLIED ECONOMETRICS
Time : 3 Hours Maximum Marks : 100
Note : Answer questions from all the Sections as
per instructions.
Section—A
Note: Answer any two questions from this
Section. 2x20=40
Q1.Describe the Ramsey's Test (RESET) for identification of ‘omitted variables’ and ‘incorrect functional form’.
Q2.Explain the effect of ‘lags’ on ‘market equilibrium’ with a graphical presentation.
Q3.Explain the application of Probit Model with an illustration for the estimation of its ‘marginal effect’.
Q4.Explain, with illustrations, the Panel Data Models. State the two main advantages of ‘Panel Data’ over ‘Pooled Data’.
Section—B
Note: Answer any four questions from this
Section. 4x12=48
Q5.Distinguish between ‘quantitative research’ and ‘qualitative research’.
Q6.State the consequences of omitting ‘relevant variables’ in econometric modelling.
Q7.Specify the similarities between the Koyck’s Autoregressive Model and Nerlove’s Partial Adjustment Model.
Q8.Elucidate the meaning of the term ‘Simultaneous equation bias’.
Q9.Outline the assumptions and properties of ILS method of estimation. Also, specify the steps in its estimation procedure.
Q10.State the assumptions required for the estimation of the ‘random effect’ models and ‘fixed effect’ models.
Q11.Present the details of testing for ‘regression diagnostics’ in ‘R’.
Section—C
Q12.Write short notes on any two of the following : 2x6=12
(a) Data Transformation in e-Views
(b) The Do-File Editor in STATA
(c) Highly Correlated Regressors
(d) Probit Model 4x12=48 2x6=12