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Given the following information, when testing the least squares regression model would the model be significant at 5%?
Economics Definition
The study of how societies use scarce resources to produce valuable commodities and distribute them among different people.
Equilibrium
A market phase where demand is matched by supply, which in turn stabilizes prices.
Limited Resources
The scarcity of resources in comparison to the potentially limitless wants and needs, forcing the need for allocation decisions.
Capacity Utilization Rate
The percentage of a firm's total possible production capacity that is actually being used over a given period.
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