Which of the following statements is true?
A)A model shows the estimated parameters of the explanatory variables.
B)A model represents a population relationship.
C)In an empirical paper, the estimation methods should be discussed before specifying a model.
D)The methods for estimating a model are same as the model itself.

Question

Quizplus · Accepted Answer

A model represents a relationship between variables in a population. Option A is incorrect because a model shows the estimated relationship between explanatory and dependent variables, not just the estimated parameters. Option C is incorrect because the model specification should be discussed before the estimation methods, and Option D is incorrect because there are various methods for estimating models, and the choice depends on the type of data and context.

Which of the Following Statements Is True