Examlex
Statistical techniques that summarize, organize, and simplify data are best classified as ____ statistics.
Statistical Data
Quantitative or qualitative information collected systematically for analysis, interpretation, and presentation for various purposes, including forecasting and decision making.
Abstract Theories
Concepts and models that are not tied to specific instances or physical examples, often used in academia to understand complex phenomena.
Positive Economic Statement
An objective statement that can be tested or validated through data, as opposed to a normative statement which is subjective and opinion-based.
Normative Statement
A statement that expresses a value judgment or opinion, suggesting how things should be rather than stating factual evidence.
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