Exam 2: Understanding Statistical Relationships and Models in Economics

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in the function Y=?1+?2X+u, the term 'u' is called

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A statistical relationship per say cannot logically imply

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If we are studying the dependence of a variable on a single explanatory variable, the analysis is called

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The correlation coefficient between the mathematics and economics was found to be 0.64. What will be the value of correlation coefficient between economics and mathematics

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If the data is collected at one point in time, it is called

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