Economists Try to Avoid Looking at History in Case It

question 64

True/False

Economists try to avoid looking at history in case it will unduly influence their judgment.

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Definitions:

Logistic Regression

A statistical method for analyzing a dataset in which there are one or more independent variables that determine an outcome, used especially for binary outcome prediction.

Logistic Regression

A statistical model used to predict the probability of a binary outcome based on one or more predictor variables.

Categorical

Relating to data that can be divided into specific groups or categories that are mutually exclusive.

Explanatory Variables

Variables in a statistical model that are thought to influence or predict changes in a response variable.