Which of the Following Is Not Correct

question 360

Multiple Choice

Which of the following is not correct?

• A) Frictional unemployment is inevitable in a dynamic economy.
• B) Although the unemployment created by sectoral shifts is unfortunate, in the long run such changes lead to higher productivity and higher living standards.
• C) At least 10 percent of U.S. manufacturing jobs are destroyed every year.
• D) More than 13 percent of U.S. workers leave their jobs in a typical month.

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Definitions:

SSE

Sum of Squared Errors; a measure used in statistics to quantify the variation or deviation of predicted values from the actual observed values.

SST

SST stands for Sum of Squares Total, a term used in statistics to measure the total variability within a dataset.

MSE

Mean Squared Error, a measure of the average of the squares of the errors—that is, the average squared difference between the estimated values and the actual value.

Least Squares Estimate

A statistical technique that determines the line of best fit for a model by minimizing the sum of the squares of the vertical differences (residuals) between the observed values and the values predicted by the model.