Yale Professor Ray Fair Uses ________ to Predict ________

question 53

Multiple Choice

Yale professor Ray Fair uses ________ to predict ________.

• A) macroeconomic variables; presidential elections
• B) a policy rule; the federal funds rate
• C) Okun's law; the output gap
• D) an econometric model;recessions
• E) a theoretical model; fiscal policy

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Definitions:

Demographic Segmentation

Segmentation that divides markets by characteristics such as age, gender, income, education, and family size.

Loyalty

The state or quality of being loyal; fidelity to a company, brand, or person, often resulting in repeated business or advocacy.

Price Sensitivity

The degree to which the price of a product affects consumers’ purchasing behavior.

Broad Segmentation Bases

Wide-ranging criteria used to divide a market into distinct customer groups with varying needs, characteristics, or behaviors.