Smoothing a time series of observations
A) is a form of statistical cheating.
B) is used to reveal an underlying pattern in the data.
C) renders the resultant forecast unusable.
D) allows statisticians to use less data than would otherwise be required.
B
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Raising the federal funds rate shifts the aggregate demand curve ________, so that real GDP________ and the price level ________
A) rightward; increases; rises B) leftward; decreases; rises C) rightward; increases; falls D) leftward; increases; rises E) leftward; decreases; falls
In a Nash equilibrium, each player takes the best possible action given the actions of the other players
Indicate whether the statement is true or false
Which of the following tests can be used to check for cointegration between two series?
A. Wald test B. Breush-Pagan test C. White test D. Engle-Granger test
The hiring rule for a firm that faces a downward sloping demand curve for its output is to hire that amount of labor for which the wage rate is equal to
A. MRPL. B. the price of the good being sold. C. VMPL. D. marginal revenue.