Question Turo a) The study of econometrics involves the use of data to make necessary forecast. Discuss in detail with examples the various classications of data in econometrics and how data is being generated. b) With the aid of specic examples discuss how hypothesis is being formulated. Use Nigeria variables as case study. c) Considering the analogy of econometrics technique, analyse the relationships between data collection and policy making. Question Three The study of econometrics assists in determining the relationship between one parameter and another. Derive the following 0L3 parameters: a) BB b) B, c} Clearly show how they are incorporated to be considered as a model in econometrics d) Discuss in detail all the methods used in econometrics modelling