Which of the Following Statements Is True

question 9

Multiple Choice

Which of the following statements is true?

• A)The use of 2SLS is applicable to simultaneous equations model with at most two equations.
• B)Identification of simultaneous equations with three or more equations is based on matrix algebra.
• C)2SLS method used in the estimation of simultaneous equations is an example of a system estimation method.
• D)The maximum number of equations permissible for a simultaneous equations model is four.

---

Definitions:

MSE

This abbreviation can stand for Mean Squared Error, a measure used in statistical modeling to quantify the difference between estimated and actual values.

Box Plots

A graphical representation using quartiles that displays the distribution of data and identifies outliers.

ANOVA

ANOVA (Analysis of Variance) is a statistical method used to compare means of three or more samples, assessing whether at least one of the means is significantly different from the others.

Electrical Engineer

A professional who designs, develops, and tests electrical devices and systems, including electronics and power generation equipment.