Examlex
Economic models are:
A.created and used to duplicate reality.
B.useless if they are simple.
C.made generally of wood, plastic, and/or metal.
D.often useful in forming economic policy.
Multiple Regression
A statistical technique used to model and analyze the relationship between a dependent variable and two or more independent variables.
Independent Variables
Variables in an experiment or regression model that are manipulated or categorized to determine their effect on dependent variables.
Correlation
A statistical measure that indicates the extent to which two or more variables fluctuate together, implying a possible relationship but not causation.
Independent Variables
Variables in an experiment or model that are manipulated or classified to see their effect on dependent variables.
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