An Economist Is Interested to See How Consumption for an Economy

question 53

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:

Nervous System

The system of neurons and neural pathways that convey nerve signals throughout the body, ensuring coordination of bodily functions and sensory data.

Axon Terminals

The distal terminations of an axon, responsible for transmitting signals to other neurons or muscle cells through synapses.

Dendrites

Branch-like extensions of neurons that receive signals from other neurons.

Axon

A long, slender projection of a nerve cell, or neuron, that typically conducts electrical impulses away from the neuron's cell body.