"Ordinary least squares" is a technique that can be used to
A) identify the best model.
B) determine which variables in a model are endogenous and which are exogenous.
C) obtain a bar graph showing successive quarterly increases in output.
D) obtain a line describing consumption behavior in the real world.
E) determine the direction of causation between consumption and income.
D
Economics
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Economic theory assumes people's actions generally follow
A) from comparisons of expected costs and benefits. B) no predictable pattern. C) considerations of material self-interest. D) the Golden Rule.
Economics
The high-growth Asian economies have been more open to imports than most developing countries
Indicate whether the statement is true or false
Economics