Data Estimation and Interpretation: An Analysis.

Abstract

There is an ostensible relationship between whether or not a nation is developed and the interpretation and collection of data in this nation. For instance, if a country is developing, it is difficult to collect figures, though much simpler to interpret them. The opposite is the case in a developed nation: the gathering of data is undemanding, however, the explanation for this data is difficult. Such a relationship has a quite pressing effect on economic performance, and this will be examined using a model assuming Rational Expectations, Adaptive Expectations and certain postulates of Price Theory.Economic Data; Price Theory; Rational Expectations; Adaptive Expectations