hypothesis

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hypothesis

a prediction derived from theoretical analysis that is couched in a form precise enough to be subjected to testing against empirical data. In economics, hypotheses are generated by a process of logical deduction from sets of initial assumptions about the behaviour of consumers, producers, etc., and are generally tested by collecting economic data and using statistical techniques to analyse them. This testing can lead to modification of the economic theory in the light of the new economic data or to abandonment of that theory in favour of an alternative theory that better explains the facts. See HYPOTHESIS TESTING.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Regarding QMV in the Council (Article I-24s.1), the working hypothesis would invoke a majority existing on the basis of 55% of Member States (i.e.
Liu subscribes to the working hypothesis that hVISA arises due to selective pressure generated by vancomycin exposure, and that hVISA represents an intermediate stage between vancomycin-susceptible S.
"Our working hypothesis has been that one gene causes the reproductive abnormalities, and a second gene leads to insulin resistance," said Dr.
He says: "I don't wish him badly, but his dying or being arrested before his time is still a working hypothesis.
"As far as my own research is concerned, I have adopted [the Big Bang model] as a working hypothesis because I see nothing on the horizon that compares with it for fruitfulness."
They did not, however, endorse the Euro 200 million proposed by the European Commission which, according to rapporteur Jan Mulder (ELDR, Netherlands), is just a working hypothesis. Euro 40 million is already available through the 2003 Budget and can be redeployed in advance under Heading 4 (External actions), with just Euro 30 million currently allocated for 2004.
Based on these results, a new working hypothesis for developing the drug is that it is most effective for patients who undergo full reperfusion following bypass surgery and possibly also with reperfusion in other medical situations, such as angioplasty and thrombosis, Dr.
In the meantime, Hallet's working hypothesis is that sorted circles are formed by the movement, or convection, of the soil up toward the center of the mound and then down under the stone borders.
Since the beginning of September, Walloon Transport Minister Jose Darras' department has been arguing that the Eurocap-Rail project remains a "credible working hypothesis" and confirmed to European Report on September 22 its "realistic optimism" on the dossier.