The Identification Problem in Using Regression Analysis to Estimate a Demand

question 9

Multiple Choice

The identification problem in using regression analysis to estimate a demand curve emerges when

• A)factors affecting the demand for the product are highly correlated.
• B)the demand for the product has not been stable over time.
• C)the demand for the product has been relatively stable over time.
• D)the supply of the product has been relatively unstable over time.

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Definitions:

True Experiments

A type of scientific experiment where the researcher manipulates one variable, and controls/randomizes the rest of the variables.

Construct Validity

The degree to which a test or instrument accurately measures the theoretical construct it is intended to measure.

One-group Pretest-posttest Design

An experimental design where a single group is measured both before and after a treatment, assessing the treatment's impact.

Intensive Program

A concentrated and focused course or training designed to deliver a lot of information or skills in a short period of time.