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Socialist planners couldn’t possibly reproduce such a complex system, Mises believed, because they would never have more information than market participants mediated through the price mechanism.
How to Make a Pencil
logicmag.io
The sign (positive or negative) on the coefficient for an independent variable tells us the direction of its association with the dependent variable (the outcome we are trying to explain). In the simple case above, the coefficient on height is positive. Taller people tend to weigh more.
Naked Statistics Stripping the Dread From the Data
Wheelan, Charles
Inching your way to your destination on a bus while cars pass you by is an advertisement for a car.
Free Fares vs. More Service
Darrell Owens
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