One of the least squares assumptions in the multiple regression model is that you have random variables which are "i.i.d." This stands for
A) initially indeterminate differences.
B) irregularly integrated dichotomies.
C) identically initiated deltas (as in changes).
D) independently and identically distributed.
Answer: D
Economics
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The price of a given basket of goods in Year 1 was $1,300. The price of the same basket of goods in Year 2 was $1,560. The consumer price index for Year 2 taking Year 1 as the base year is ________
A) 120 B) 156 C) 100 D) 101
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The supply curve of U.S. dollars shifts leftward. This could have been influenced by ________
A) a rise in the U.S. interest rate differential B) a fall in the expected future exchange rate C) an increase in the U.S. exchange rate D) a decrease in the U.S. exchange rate
Economics