Regression methods, Microeconomics

This is a very common methods of forecasting demand. Under this methods a relationship is established between quantity demanded( dependent variable) and independent variables such as income price of the good prices of the related goods etc. Once the relationship is established we derive regression equation assuming relationship to be linear. The equation will independent be of the form Y=A= BX. There could also be a curvy linear relationship between dependent and independent variable . once the regression equation is derived the value of y i, e, quantity demanded can be estimated for any given value of X.

Posted Date: 3/30/2013 2:14:00 AM | Location : United States







Related Discussions:- Regression methods, Assignment Help, Ask Question on Regression methods, Get Answer, Expert's Help, Regression methods Discussions

Write discussion on Regression methods
Your posts are moderated
Related Questions
Problem : (a) Using examples of Least Developed Countries, explain the: (i) causes of market failures; and (ii) consequences of market failures (b) Describe the common

discuss how economic theory explains the optimum pattern of consumption of an individual consumer


plese give me supply assigement

What are the basis for International Trade?

Short run equilibrium - Perfect competition: In the short-run, the perfectly competitive firm maximizes its profit by producing output where MC=MR=P. This is shown in the diag

Explain why both the PES and PED tend to be inelastic in the short run for primary goods. PED deals with (primarily) the ability and propensity of consumers to switch to other

graphical illustration describing the influence of an increase in immigrants on the market supply of labour

if the inverse demand curve is p=120-Q and the marginal cost constant at 10, how does the monopoly a specific tax of 10 per unif affect the monopoly optimum and welfare of consumer

write down the assumotions and importance of game theory