Which of the Following Techniques Is Used to Predict the Value

question 35

Multiple Choice

Which of the following techniques is used to predict the value of one variable on the basis of other variables?

• A)Correlation analysis
• B)Coefficient of correlation
• C)Covariance
• D)Regression analysis

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Definitions:

IMF

The International Monetary Fund, an international organization that aims to foster global monetary cooperation and financial stability, facilitate international trade, and reduce poverty.

Expansionary Economic Policies

Government measures, like increasing spending or cutting taxes, designed to stimulate economic growth.

International Trade

The exchange of goods and services across international borders, influenced by comparative advantages among countries.

Specialization

The process of concentrating on and becoming expert in a particular subject or skill, often leading to increased efficiency and productivity in economic activities.