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Chi square is often a statistical Device that is certainly accustomed to evaluate how anticipations Look at to real results. It is actually employed to find out the discrepancies that exist between predicted results and real final results.
The dependent variable could be the adjust in annual true GDP. The Wald chi sq. for your design includes a significance level of fewer than 0.0001, which implies the product predicts the improve in real GDP from 12 months to calendar year significantly much better than the normal transform in genuine GDP.
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