An economist keeps an eye on basic facts, summary statistics, and economic indicators in order to monitor the general health of the economy.   This scenario most closely aligns with which of the following goals of data analysis? Describing the economy   Predicting the future   Testing hypotheses   Quantifying relationships

MACROECONOMICS FOR TODAY
10th Edition
ISBN:9781337613057
Author:Tucker
Publisher:Tucker
Chapter20: Growth And Less Developed Countries
Section: Chapter Questions
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An economist keeps an eye on basic facts, summary statistics, and economic indicators in order to monitor the general health of the economy.
 
This scenario most closely aligns with which of the following goals of data analysis?
Describing the economy
 
Predicting the future
 
Testing hypotheses
 
Quantifying relationships
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