If a Model Fits Reality but Doesn't Generate Testable Predictions,it

question 57

True/False

If a model fits reality but doesn't generate testable predictions,it is of little value to economists.

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Definitions:

Deviation IQ Scores

A method of measuring intelligence where an individual's score is expressed as a deviation from the mean score of a standardization sample.

Raw Scores

The initial, unmodified scores obtained from assessments or tests before being transformed through scaling, norming, or statistical adjustments.

Deviation IQ Scores

A measure of intelligence where an individual's score is compared to a standard norm, showing how far and in which direction the score deviates from the average.

Raw Scores

The original, unadjusted scores obtained directly from assessments or tests before any transformations like normalization.