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Ariel Is Beginning Data Analysis

question 10

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Ariel is beginning data analysis. Her study seeks to understand depression in young children. She has extensive notes from observations and interviews. She stops to reflect during data analysis and asks herself, "What are the issues related to this problem", "Who else are the key players in my participant's life" as part of her analysis strategy. In this scenario Ariel is displaying which of the following data analysis strategies?


Definitions:

CPI (Consumer Price Index)

A measurement that examines the weighted average of prices of a basket of consumer goods and services, usually used to estimate inflation.

Real Value

The value of an object, service, or currency adjusted for inflation, representing its true purchasing power.

Nominal Price

The price of a good or service in current monetary terms, without adjusting for inflation or deflation.

Microeconomic Analysis

The study of economic behavior of individuals, households and firms, focusing on the patterns of supply and demand and the price formation in markets.

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