What are the key differences between parametric and
non-parametric tests? Provide one example of a parametric test and
one example of a non-parametric test.
Question:
a)Distinguish between the following:
i) Non- Parametric Methods
ii) Semi-Parametric Methods
iii) Parametric Methods
b) Discuss the following statistical properties of asset
returns:
i) Heavy tails
ii) Ergodicity
iii)Autocorrelation -absence of linear autocorrelation
C)Explain the following Diagnostic tests of the error term
i) White Test of heteroscedasticity
ii)Normality Test
(a) differentiate between parametric and non
parametric statistical data.give one example each (b) explain the
differences between scientific research and common sense; the four
ways of attaining knowledge (c) what do you consider the factors
that hinder research efforts in West Africa. (d) enumerate the
advantage and disadvantage of secondary data