Examlex
What do most economists believe concerning the relation between the price level and real output?
Z-statistic
A type of standard score that indicates how many standard deviations an element is from the mean, used in significance testing.
Significance Level
A threshold for determining whether a p-value indicates a statistically significant result, usually set at 0.05 (5%).
Nonparametric Tests
Statistical tests that do not assume a specific distribution for the data, making them suitable for analyzing ordinal data or when the assumptions for parametric tests are not met.
Nonparametric Statistical Methods
Statistical methods that do not assume a specific distribution for the data, often used when data doesn't meet the assumptions required for parametric tests.
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