An Economist Is Interested to See How Consumption for an Economy

question 23

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:

Agreement to Sell

A contractual arrangement where a seller agrees to transfer goods or services to a buyer at a future date, under specified conditions.

Contract to Sell

An agreement where one party promises to transfer ownership of goods or property to another upon the satisfaction of specified conditions.

Actual Title

The legal possession of property, evidenced by a deed or another legal document, as opposed to mere possession or use.

Future

The time period that has not yet occurred, often considered for planning, forecasting, or speculation.