The Three Types of Indicators Classified by the Department of Commerce

question 122

Multiple Choice

The three types of indicators classified by the Department of Commerce are

• A) leading, contractionist, and passed indicators.
• B) leading, coincident, and lagging indicators.
• C) primary, contractionist, and passed indicators.
• D) optimal, contractionist, and passed indicators.
• E) optimal, coincident, and lagging indicators.

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Definitions:

Longitudinal

Pertains to research or studies that collect data from the same subjects repeatedly over a period of time to observe changes and developments.

Cross-sectional

A type of study or analysis that examines a population, or a representative subset, at a specific point in time.

Univariate

Pertaining to an analysis or statistical evaluation that involves only one variable.

Multivariate

Pertaining to or involving multiple variables or elements.