answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: How is random walk related to permanent income hypothesis?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about General Science

Explain why a hypothesis is not just a guess?

A prediction is more useful than a hypothesis because it is already based on prior observations, or a hypothesis. A hypothesis is just another suggestion about something. Predicting something because you have clues, is better than just a hypothesis, where you are just questioning something.


What does random mean in science terms?

random in science terms means random duhhh. :) random is random in every language or subjects


A hypothesis may not be necessary in any research initiative What would be a good reason not to have one in the scientific research process?

A hypothesis is often necessary. In order to build a theory, one must either confirm or falsify hypotheses - for example, a hypothesis is not necessary to answer the question "what is the emission spectrum of X", because it can be measured directly. However, in order to answer a question like "what is the mechanism of gravity", one must identify possible answers, and proceed to test hypotheses - "the mechanism is / is not tranmission of gravitons", and so on. In any research endeavor, there will usually be an implied hypothesis, even if there is no explicit hypothesis. If you go out and say "I am going to collect data on consumer behavior relating to X", there is an implied hypothesis thatat least there will be some trends in the behavior. In a broad sense, research with no hypothesis whatsoever is simply random data collection, because nothing is being tested. It is possible to conduct research with no expectation or opinion on what the results might be, it is another thing entirely to conduct research without expecting to answer any question at all.


What is the difference between a hypothesis and law?

A hypothesis is an educated guess based on past scientific studies and previous experiments. It is not just a random guess.Once a hypothesis is proved to be true multiple times and by various scientists, it is moved up to a theory. A theoryis believed to be true by the scientific community but the whole picture or reasons why the theory is true may not be understood. Example the theory of gravity, we know it's true but why and how does gravity work.Then when scientists think they can satisfactorily explain the science behind the theory it is moved up to a law. Newton's laws of motion, the laws of thermodynamics are examples.The progression is hypothesis --> theory --> law.In modern times it is less likely that the scientific community to proclaim a law.


What are the scientific methods of testing a hypothesis?

An experiment. The scientific method is on 6 steps, and to test your hypothesis would be an experiment. Hope this helped :)ALSO:The steps of the scientific method are to:Ask a QuestionDo Background ResearchConstruct a HypothesisTest Your Hypothesis by Doing an ExperimentAnalyze Your Data and Draw a ConclusionCommunicate Your Results

Related questions

When was Random walk hypothesis created?

Random walk hypothesis was created in 1964.


What role does Random Sampling Distribution in hypothesis testing?

It is an assumption to hypothesis testing. I can not comment on the significance of a violation of these assumptions without knowing how the non-random sample was taken.


Is random access memory permanent?

yes but not all of it is accesible


What is a sudden permanent random change in an organism's DNA?

mutations


Why is important that a sample be random and representative when conducting hypothesis testing?

It helps you nawser


Why is a good hypothesis better than a guess?

a good hypotheses is better than a guess because a guess is random, a hypothesis is a "educated guess"


Where disk is permanent?

Is this a quesion or a collection of random, mis-spelt words. If so, ==


Where does diffusion get its energy from?

Molecules are fueled by the thermal energy.They have a random permanent motion.


What is the use of random number in medical counseling?

what is the use of mbbs counselling random number, how to find the college related to random number


What adjectives are associated with the activation-synthesis hypothesis?

Some adjectives associated with the activation-synthesis hypothesis include speculative, controversial, and innovative.


What is the mean of a null hypothesis being rejected?

the hypothesis might be correct* * * * *The available evidence suggests that the observations were less likely to have been obtained from random variables that were distributed according to the null hypothesis than under the alternative hypothesis against which the null was tested.


How often does low-income housing verify a tenant's monthly income?

following initial contract the company may undertake random checks to ensure that tenants are still in the low income category.