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The least square method is based on the assumption that the past rate of change of the variable under study will continue in the future. It is a mathematical procedure for fitting a line to a set of observed data points in such a manner that the sum of the squared differences between the calculated and observed value is minimized. This techniques is used to find a trend line which best it the available data. This trend is then used to project dependant variable in the future. This method is very popular because it is simple and in expensive.
Supply of Basic Industrial Inputs: Allowing their duty-free imports by exporters would require an elaborate machinery of customs and import licensing to ensure that the impor
need to get assignment on income effect and substuation effect how does increase in price of both comodity will affect the or show the new effect
#question.contrast the long run equilibrium position of monopolistic competition firm and oligopoly.
discuss the revealed preference theory of consumer behaviour
WHAT IS A PRODUCTION FUNCTION SCHEDULE?
Yao''s weekly demand for basketballs is given by Qd = 3-P^2 where P is the price of basketballs. At the current price, Yao''s demand for basketballs is unit elastic. What is the cu
aid of production possibilty curve
PLEASE GIVE ANY ONE TOPIC OF ECONOMIC WITH ANSWERS
The benefits of increased openness in trade. Narrowly defined, trade openness is lowering trade barriers - facilitating increased imports - whereas focusing on international ex
Determinants of Social Demand for Education Certain levels of education like the secondary school and graduate level are considered as having productive value and are attribut
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