In using regression analysis to estimate demand, which of the following problems is most directly a result of insufficient data?
A) the identification problem
B) the problem of a low R2
C) the problem of high standard errors
D) the problem of insignificant F-statistics
A
You might also like to view...
Suppose a middle-class tax cut increases consumption expenditures. Which of the following would you expect to occur as a result of this change? a. The economy will move up and to the left along the short-run Phillips Curve. b. The economy will move down and to the right along the short-run Phillips Curve. c. The short-run Phillips Curve will shift to the left
d. The short-run Phillips Curve will shift to the right.
Wide acceptance of money without intrinsic value comes largely from the fact that it:
A. has a stable value. B. is convenient to use. C. is hard to counterfeit. D. can be used domestically and internationally.