Examlex
When there is an inflationary gap _________ GDP is greater than ______.
Variance
A measure of the dispersion or spread of a set of data points, indicating how far each data point lies from the mean.
Consistency
refers to the property of an estimator in which, as the sample size increases, it converges in probability to the parameter it estimates.
Interval Estimator
An interval estimator provides a range of values, defined by an upper and lower bound, that is likely to contain the population parameter of interest.
Sample Mean
The average of a subset of numbers from a larger set, representing the central tendency of that subset.
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