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"Ordinary Least Squares" Is a Technique That Can Be Used

Question 16

Multiple Choice

"Ordinary least squares" is a technique that can be used to


A) identify the best model.
B) determine which variables in a model are endogenous and which are exogenous.
C) obtain a bar graph showing successive quarterly increases in output.
D) obtain a line describing consumption behavior in the real world.
E) determine the direction of causation between consumption and income.

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