The "Simple" Accelerator Model, First Derived by American Economist J

question 1

Multiple Choice

The "simple" accelerator model, first derived by American economist J.M. Clark in 1917, comes from setting

• A) j = 0.
• B) j = 1.
• C) v* = 0.
• D) v* = 1.

---

Definitions:

Mean Square

A statistical measure used in variance analysis, computed by dividing the sum of squares by the degrees of freedom.

Error

The difference between the observed value and the true value of a parameter in data, indicative of the degree of inaccuracy or deviation.

P-value

In hypothesis testing, the p-value is the probability of obtaining test results at least as extreme as the observed results, under the assumption that the null hypothesis is correct.

Populations

The entire group of individuals or items of interest in a statistical study.