0

The Role of Indian Mathematics in Economic Forecasting

Description: This quiz will test your knowledge on the role of Indian mathematics in economic forecasting.
Number of Questions: 15
Created by:
Tags: indian mathematics economic forecasting mathematics
Attempted 0/15 Correct 0 Score 0

Which Indian mathematician is known for his contributions to the field of economic forecasting?

  1. Aryabhata

  2. Bhaskara II

  3. Srinivasa Ramanujan

  4. C. R. Rao


Correct Option: D
Explanation:

C. R. Rao is an Indian statistician and mathematician who has made significant contributions to the field of economic forecasting. He is known for his work on statistical inference, linear models, and multivariate analysis.

What is the name of the statistical method developed by C. R. Rao for economic forecasting?

  1. Rao-Blackwellization

  2. Rao-Cramer inequality

  3. Rao's F-test

  4. Rao's U-statistic


Correct Option: D
Explanation:

Rao's U-statistic is a nonparametric statistical method developed by C. R. Rao for economic forecasting. It is a robust method that can be used to estimate the parameters of a model even when the data is not normally distributed.

What is the main advantage of using Indian mathematical techniques for economic forecasting?

  1. They are more accurate than Western techniques.

  2. They are easier to use than Western techniques.

  3. They are more computationally efficient than Western techniques.

  4. They are more robust to outliers and noise than Western techniques.


Correct Option: D
Explanation:

Indian mathematical techniques are often more robust to outliers and noise than Western techniques. This is because they are based on a different set of assumptions about the data.

Which Indian mathematical technique is used to forecast time series data?

  1. Autoregressive integrated moving average (ARIMA) model

  2. Exponential smoothing

  3. Kalman filter

  4. Neural network


Correct Option: A
Explanation:

The autoregressive integrated moving average (ARIMA) model is a statistical model that is used to forecast time series data. It is a linear model that is based on the assumption that the future value of a time series can be predicted from its past values.

What is the main disadvantage of using Indian mathematical techniques for economic forecasting?

  1. They are more difficult to use than Western techniques.

  2. They are more computationally expensive than Western techniques.

  3. They are less accurate than Western techniques.

  4. They are less robust to outliers and noise than Western techniques.


Correct Option: A
Explanation:

Indian mathematical techniques are often more difficult to use than Western techniques. This is because they are based on a different set of assumptions about the data and they require more specialized knowledge to use.

Which Indian mathematical technique is used to forecast the demand for a product?

  1. Linear regression

  2. Multiple regression

  3. Logistic regression

  4. Poisson regression


Correct Option: B
Explanation:

Multiple regression is a statistical technique that is used to forecast the demand for a product. It is a linear model that is based on the assumption that the demand for a product can be predicted from a set of independent variables, such as the price of the product, the income of consumers, and the advertising budget.

What is the main advantage of using Indian mathematical techniques for forecasting the demand for a product?

  1. They are more accurate than Western techniques.

  2. They are easier to use than Western techniques.

  3. They are more computationally efficient than Western techniques.

  4. They are more robust to outliers and noise than Western techniques.


Correct Option: D
Explanation:

Indian mathematical techniques are often more robust to outliers and noise than Western techniques. This is because they are based on a different set of assumptions about the data.

Which Indian mathematical technique is used to forecast the price of a commodity?

  1. Time series analysis

  2. Econometrics

  3. Game theory

  4. Simulation


Correct Option: A
Explanation:

Time series analysis is a statistical technique that is used to forecast the price of a commodity. It is a method that is based on the assumption that the future price of a commodity can be predicted from its past prices.

What is the main advantage of using Indian mathematical techniques for forecasting the price of a commodity?

  1. They are more accurate than Western techniques.

  2. They are easier to use than Western techniques.

  3. They are more computationally efficient than Western techniques.

  4. They are more robust to outliers and noise than Western techniques.


Correct Option: D
Explanation:

Indian mathematical techniques are often more robust to outliers and noise than Western techniques. This is because they are based on a different set of assumptions about the data.

Which Indian mathematical technique is used to forecast the risk of a financial investment?

  1. Value at risk (VaR)

  2. Expected shortfall

  3. Monte Carlo simulation

  4. Real options analysis


Correct Option: A
Explanation:

Value at risk (VaR) is a statistical technique that is used to forecast the risk of a financial investment. It is a measure of the maximum possible loss that an investment can experience over a given time period.

What is the main advantage of using Indian mathematical techniques for forecasting the risk of a financial investment?

  1. They are more accurate than Western techniques.

  2. They are easier to use than Western techniques.

  3. They are more computationally efficient than Western techniques.

  4. They are more robust to outliers and noise than Western techniques.


Correct Option: D
Explanation:

Indian mathematical techniques are often more robust to outliers and noise than Western techniques. This is because they are based on a different set of assumptions about the data.

Which Indian mathematical technique is used to forecast the impact of a government policy on the economy?

  1. Computable general equilibrium (CGE) model

  2. Dynamic stochastic general equilibrium (DSGE) model

  3. Agent-based model

  4. System dynamics model


Correct Option: A
Explanation:

A computable general equilibrium (CGE) model is a mathematical model that is used to forecast the impact of a government policy on the economy. It is a model that is based on the assumption that the economy is in equilibrium and that any changes in government policy will cause the economy to move to a new equilibrium.

What is the main advantage of using Indian mathematical techniques for forecasting the impact of a government policy on the economy?

  1. They are more accurate than Western techniques.

  2. They are easier to use than Western techniques.

  3. They are more computationally efficient than Western techniques.

  4. They are more robust to outliers and noise than Western techniques.


Correct Option: D
Explanation:

Indian mathematical techniques are often more robust to outliers and noise than Western techniques. This is because they are based on a different set of assumptions about the data.

Which Indian mathematical technique is used to forecast the impact of a natural disaster on the economy?

  1. Input-output model

  2. Social accounting matrix (SAM)

  3. Econometric model

  4. Simulation model


Correct Option: A
Explanation:

An input-output model is a mathematical model that is used to forecast the impact of a natural disaster on the economy. It is a model that is based on the assumption that the economy is a system of interconnected sectors and that a natural disaster will disrupt the production and distribution of goods and services in these sectors.

What is the main advantage of using Indian mathematical techniques for forecasting the impact of a natural disaster on the economy?

  1. They are more accurate than Western techniques.

  2. They are easier to use than Western techniques.

  3. They are more computationally efficient than Western techniques.

  4. They are more robust to outliers and noise than Western techniques.


Correct Option: D
Explanation:

Indian mathematical techniques are often more robust to outliers and noise than Western techniques. This is because they are based on a different set of assumptions about the data.

- Hide questions