Least squares estimates are the estimates that correspond to the smallest sum of the squared distances, or errors.
Answer the following statement true (T) or false (F)
True
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Which of the following is likely to shift the credit demand curve of an automobile manufacturer to the right, assuming all else equal?
A) An increase in the real interest rate B) A plan to increase production and expand to newer markets C) A plan to decrease production and exit from existing markets D) A decrease in the real interest rate
The S-curve is used to illustrate
a. the typical path taken by the current account over time. b. economic fluctuations in the economy. c. the typical growth path of a developing economy. d. the existence of multiple equilibria.
A major cause of volatility in the value of the U.S. dollar is ________
A) foreign exchange interventions by the U.S. Treasury B) change in U.S. net exports C) change in the expected value of the dollar D) disagreement among policy makers
The purchasing power parity theory helps explain long-run trends in exchange rates, but not short-run fluctuations
a. True b. False