What is the meaning of production technology in Economics? Are you stranded in the production theory and are looking for an easy entry
Category: Quantitative Methods
Topics about quantitative methods used in economics.
Basic Arithmetic Operations in Mathematics
Which basic arithmetic operations in mathematics do you know? In this article, we would like to summarize the basic arithmetic
Basic Rules of Summation
What are the basic rules of summation (axioms) in mathematics (algebra), and how do we apply the algebraic rules? In
Derivation rules of functions
The knowledge of derivation rules of functions is important for the application of mathematics in all sciences. In our case,
Linear Regression
Linear regression belongs to the econometric methods of empirical research, which are applied in almost all sciences. Linear regression is set of econometric methods of estimating statistical causality between two or more factors (variables of interest).
What is Econometrics?
Econometrics is part of the economic as a science, which deals with the statistical (empirical) modelling of economic theories (hypotheses) in order to explain, confirm or disprove economic theory empirically.
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