Why Is Sampling from Empirical Data Not Advisable to Use

question 13

Essay

Why is sampling from empirical data not advisable to use when defining an assumption?

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Definitions:

Future Date

A specific day in the future, identified for the occurrence of a particular event or for the completion of a specified task or agreement.

U.S. Dollars

The authorized fiscal medium of the United States, extensively employed as a reference and backup currency all over the world.

Supply And Demand

Supply and demand is a fundamental economic model that describes how the availability of goods (supply) and the desire for them (demand) interact to determine market prices.

Currency

A system of money in common use, especially in a nation, defined by notes and coins that constitute the physical embodiments of a country's economic exchange medium.