Not dumb at all! "Proxied by" is just math-speak for "represented by."
It’s like using a shadow to guess the shape of an object—close enough for the purpose.
In econ, GDP might proxy for standard of living, even though it’s not perfect.
Here’s a short vid explaining it: [link to video].
It’s like using a shadow to guess the shape of an object—close enough for the purpose.
In econ, GDP might proxy for standard of living, even though it’s not perfect.
Here’s a short vid explaining it: [link to video].
