Discriminant Analysis Can Only Be Used for a Binary Nominal

question 50

True/False

Discriminant analysis can only be used for a binary nominal dependent variable.

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Definitions:

Real GDP

The measure of a country's economic output adjusted for price changes, reflecting the real quantity of goods and services produced.

Spending Multiplier

The ratio of a change in aggregate income to the initial change in spending that brought it about, illustrating the larger impact on income.

Government Purchases

Expenditures made by the public sector on goods and services, including infrastructure and public safety.

Net Taxes

The total amount of taxes collected by the government minus any transfer payments and subsidies.