Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key

image

Play button

image

Play button

image

Progress

1/5

Click to flip

5 Cards in this Set

  • Front
  • Back
Identification Problem
Difficulty of estimating an economic relation in the presence of simultaneous relations
Consumer interview
questioning customers to estimate demand relations
regression analysis
statistical technique for obtaining the line that best fits the data points according to an objective statistical criterion
deterministic relation
association between variables that is known with certainty
statistical relation
association between variables wherein the average of one is realted to another but the value of one based on the value of the other is impossible to predict with certainty