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from the 1930s onwards. It attempts to discover the different linear relationships between several observable variables, taking into account measurement errors.<br /><em>Reference</em><br />Frisch, R. (1934) Statistical Confluence Analysis by Means of Complete Regression Systems, Oslo: Universitetets okonomiske institutt.
<strong>PCA</strong> – Preclaims assistance, activities that guarantors were required to perform to help borrowers bring a delinquent loan account current. PCA was replaced by DAA in recent years; see “DAA” and “DAAR” for related information.
economy of scope (D2)<br />A reduction in AVERAGE cosT brought about by the joint production of two or more goods or services by a single firm, rather than by several firms. The similarities of the products permit the use of the same factor inputs for different products, e.g. marketing, basic research. In the transport industry the use of the same fixed capital for both passenger and freight vehicles provides a good example of this economy.<br /><em>Reference</em><br />Panzar, L.C. and Willig, R.D. (1981) 'Economics of scope', American Economic
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