Examlex
Which of the following types of information would be an appropriate basis for a qualitative forecast?
Choice Set
The collection of all possible options available for selection by a decision-maker.
Leftover Income
The amount of income that remains after all necessary expenses, such as bills and living costs, have been paid.
Budget Constraint
A limit on the consumption bundles that a consumer can afford given their income and the prices of goods.
Equation
A mathematical statement that asserts the equality of two expressions, usually denoted by the symbol '='.
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