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16. Goals of data analysis Consider the following scenario. One economist argues that inflation and unemployment are negatively correlated, while another argues that there is
16. Goals of data analysis Consider the following scenario. One economist argues that inflation and unemployment are negatively correlated, while another argues that there is no correlation between the two economic indicators. They seek to settle the argument with an empirical analysis of unemployment and price-level data. This scenario most closely aligns with which of the following goals of data analysis? Quantifying relationships Testing hypotheses Predicting the future Describing the economy
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