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:

Restrictive Dieting

A dietary approach that significantly limits food intake or types of food, often for weight loss or health-related reasons.

Mood Swings

Significant fluctuations in a person's mood, such as going from feeling euphoric or extremely happy to suddenly feeling very sad or down.

Onset

The beginning or start of something, often used in the context of the commencement of symptoms in a medical condition.

Anorexia Nervosa

A psychological disorder characterized by an intense fear of gaining weight and a distorted body image, leading to extreme diet restriction and excessive weight loss.