Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Construction of the causal model - regression analysis?
The construction of an explanatory model is a crucial step in the regression analysis. It should be defined with reference to the action theory of intervention. It is likely that different kinds of variable exist. In a number of cases, they may be specially created, for instance to take account of the fact that an individual has benefited from support or not (a dummy variable, taking values 0 or 1). A variable can also represent an observable characteristic (having a job or not) or an unobservable one (probability of having a job). The model may suppose that a particular variable develops in a linear, logarithmic, exponential or other way. All the explanatory models are constructed on the foundation of a model, like the following, for linear regression:
Y = β0 + β1X1 + β2X2 + .... + βkXk + ε, where
Y is the change that programme is primarily supposed to produce (for example employment of trainees)
X1-k are independent variables likely to describe the change.
β0-k are constants and
ε is the error term
Phenomena of co-linearity weaken the explanatory power. For instance, when questioning women about unemployment, if they have experienced periods of previous unemployment that are systematically longer than those of men, it won't be possible to separate the influence of the two explanatory factors: gender and duration of previous unemployment.
Paper Money Due to the risk of theft, members of the public who owned such metal money would deposit them for safe keeping with goldsmiths and other reliable merchants who
Give short answer of following (a) Economics as a science. (b) Engineering Economics. (c) Economic Problem. (d) Meaning and characteristics of utility. (e)
Direct control and Moral Suasion Without actually using the above weapons, the central bank can attempt simply to use "moral suasion" to persuade the commercial banks to restr
assumptions and limitations
Equilibrium in a single market model A single market model has three variables: the quantity demanded of the commodity (Q d ), the quantity supplied of the commodity (Q s ) an
The Microeconomic objectives of government These are the policies which are concerned with the allocation and distribution of resources to maximize social welfare. 1. Allo
what is deadweight loss calculation?
Hayek explaination Under a fractional reserves system, it is possible for the banking system to supply resources to entrepreneurs for investment in excess of resources that are
Q. What is Internal Diseconomies of Scale? Internal economies of scale exist only up to a certain size of the plant. Size of plant is called the optimum plant size since with t
Causes There are a number of explanations of the business cycle but changes in the level of investment seem to be the most likely. In the simplest Keynesian model an increase
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd