Which of the Following Is the Best Approach to Code

question 23

Multiple Choice

Which of the following is the best approach to code the missing values in a data set?​

• A)​Indicate missing values with nonnumeric characters.
• B)​Set any numerical codes for missing values to some other character.
• C)​Enter 999 or -1 as the missing values.
• D)​Do not enter any value.

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Definitions:

Business Cycle

The fluctuation in economic activity that an economy experiences over a period of time.

Disinflation

A reduction in the rate of inflation, indicating a slowdown in the rate at which prices for goods and services rise.

CPI

A gauge called the Consumer Price Index tracks the overall cost of a varied mix of consumer items and services like food, healthcare, and transport, by measuring their weighted average prices.

Cost Of Living

The amount of money needed to cover basic expenses such as housing, food, taxes, and healthcare in a particular place and time.