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Classical growth theory predicts that in the long run there will be
Statistical Inferences
The process of drawing conclusions about population parameters based on a sample.
Probability
The likelihood or chance of an event occurring, expressed as a number between 0 and 1.
Parameter Data
Data or values that define or control the behavior of a mathematical function or system.
Nominal Data
This data type categorizes variables without a natural order or ranking among the categories.
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