The ________ Is Used for Estimating the ________;The ________ Is

question 17

Multiple Choice

The ________ is used for estimating the ________;the ________ is used for developing the ________.

• A)analysis sample;discriminant function;validation sample;classification matrix
• B)validation sample;discriminant function;analysis sample;classification matrix
• C)classification matrix;discriminant function;validation sample;analysis sample
• D)none of the above

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Definitions:

Market System

An economic system in which decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in free markets.

Inefficiency

A condition where resources are not used in the most economically beneficial way, leading to wasted resources or less-than-optimal outcomes.

Communist Central Planning

An economic system where all major production decisions are made by the government, with an aim of allocating resources according to a comprehensive plan.