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Regression analysis
Number-crunching to discover the relationship between different economic variables. The findings of this statistical technique should always be taken with a pinch of salt. How big a pinch can vary considerably and is indicated by the degree of statistical significance and r squared. The relationship between a dependent variable (GDP, say) and a set of explanatory variables (demand, interest rates, capital, unemployment, and so on) is expressed as a regression equation.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: Economics
- Company: The Economist
- Product:
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