An Economist Is Interested to See How Consumption for an Economy

question 95

Multiple Choice

An economist is interested to see how consumption for an economy (in $ billions) is influenced by gross domestic product ($ billions) and aggregate price (consumer price index) . Annual data
From 30 years were collected. Which of the following would be the most appropriate analysis to
Perform?

• A) Simple linear regression.
• B) Multiple linear regression.
• C) Exponential smoothing.
• D) Autoregressive modeling for trend fitting and forecasting

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Definitions:

News Narrative

A structured representation of news events and contexts, often highlighting the sequence and relationship of these events.

Rejection Region

The range of values for which the null hypothesis is not considered plausible and is rejected in hypothesis testing.

Radio Listening

The activity or measure of how many people listen to radio broadcasts within a given period or demographic.

Population Standard Deviation

A measure of the dispersion or spread of a set of data points in a population from its mean, indicating how widely the data points are scattered.