Chapter 16: Time Series and ForecastingDefine the components of a time series Compute moving average Determine a linear trend equation Compute a trend equation for a nonlinear trend Use a trend equation to forecast future time periods and to develop seasonally adjusted forecasts Determine and interpret a set of seasonal indexes Deseasonalize data using a seasonal index Test for a...
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Chapter 16: Interest Rates and Monetary PolicyInterest Rates The price paid for the use of money Many different interest rates Speak as if only one interest rate Determined by the money supply and money demand
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Chapter 15: Index NumbersDescribe the term index. Understand the difference between a weighted and an unweighted index. Construct and interpret a Laspeyres price index. Construct and interpret a Paasche price index. Construct and interpret a value index. Explain how the Consumer Price Index is constructed and interpreted.
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Chapter 15: Money CreationFractional Reserve System The Goldsmiths Stored gold and gave a receipt Receipts used as money by public Made loans by issuing receipts Characteristics: Banks create money through lending Banks are subject to “panics”
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Chapter 14: Money, Banking, and Financial InstitutionsFunctions of Money Medium of exchange Used to buy/sell goods Unit of account Goods valued in dollars Store of value Hold some wealth in money form Money is liquid
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Chapter 14: Multiple Regressions and Correlation AnalysisDescribe the relationship between several independent variables and a dependent variable using multiple regression analysis. Set up, interpret, and apply an ANOVA table Compute and interpret the multiple standard error of estimate, the coefficient of multiple determination, and the adjusted coefficient of multiple determination. Conduct a test ...
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Chapter 13: Linear Regression and CorrelationUnderstand and interpret the terms dependent and independent variable. Calculate and interpret the coefficient of correlation, the coefficient of determination, and the standard error of estimate. Conduct a test of hypothesis to determine whether the coefficient of correlation in the population is zero. Calculate the least squares regression lin...
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Chapter 13: Fiscal Policy, Deficits, and DebtDeliberate changes in: Government spending Taxes Designed to: Achieve full-employment Control inflation Encourage economic growth
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Chapter 12A: Appendix: Aggregate Demand and Aggregate SupplyChapter 12A: Appendix: Aggregate Demand and Aggregate Supply
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Chapter 12: Analysis of Variance (2)List the characteristics of the F distribution. Conduct a test of hypothesis to determine whether the variances of two populations are equal. Discuss the general idea of analysis of variance. Organize data into a one-way and a two-way ANOVA table. Conduct a test of hypothesis among three or more treatment means. Develop confidence intervals f...
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