Examlex
What factors are of importance to an analyst when linear regression analysis is used for descriptive purposes?
Real GDP
The total value of all goods and services produced in a country in a year, adjusted for inflation or deflation.
Base Year
A specific year against which economic growth or other economic indicators are measured, serving as a comparison point.
GDP
Gross Domestic Product (GDP) measures the total value of all goods and services produced over a specific time period within a country's borders.
Net Exports
Represents the difference between a country's total value of exports and its total value of imports over a certain period.
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