We estimate econometric modelsO A. based on our believes about the relationship among variables.B. using estimators and observed data.O C. because we want to learn about the phenomena or the relationships in the population level.D. all of the above.

Econometric models get used for studying the statistical relationships relevant to economic…

We estimate econometric models O A. based on our believes about the relationship among variables. B. using estimators and observed data. C. because we want to learn about the phenomena or the relationships in the population level. D. all of the above.

We estimate econometric models O A. based on our believes about the relationship among variables. B. using estimators and observed data. C. because we want to learn about the phenomena or the relationships in the population level. D. all of the above.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 2.4P

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Risk and Uncertainty

Uncertainty refers to a situation when there is one possible outcome of a decision but where the probability of occurrence of each particular outcome is not known or cannot be estimated.

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We estimate econometric models
O A. based on our believes about the relationship among variables.
B. using estimators and observed data.
O C. because we want to learn about the phenomena or the relationships in the population level.
D. all of the above.

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