Examlex
Former Bank of England Governor Mervyn King, commenting on a speech given by then Fed Chairman Greenspan, said "any (coherent) monetary policy can be written as an inflation target plus a response to supply shocks." What do these comments mean and what insight do they provide us to the focus of central banks?
Confidence interval
A reach of numerical outputs, from sampling statistics, with the potential to cover the hidden value of a population parameter.
True proportion
The actual ratio or fraction of individuals or items within a population that possesses a particular characteristic.
Random sample
A sample drawn from a population in such a way that every member of the population has an equal chance of being selected.
Confidence interval
This statistical term refers to a calculated interval with an associated confidence level that expresses where the true parameter of the population is expected to lie.
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