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.
Advantages of the Mixed Economy Necessary services are provided in a true market economy, services which were not able to make profit would not be provided. Incentive: Sin
Assumptions of Monopolistic Competition Monopolistic competition as the name implies, combines features from both perfect competition and monopoly. It has the following featu
A firm producing hockey sticks has a production function given by X = 2 KL In the short-run, the firm's amount of capital equipment is fixed at K = 1000. The rental rate fo
Bank of Central Clearance ,Settlement and Transfer This function was first developed by the bank of England toward the middle of the nineteenth century. In 1954, a scheme was
The neo-classical view The neo-classical view is that market forces are the best directors of the economy. Positive attempts by the government it is argued inevitably make th
Demand Schedule The law of demand can be explained through a demand schedule. A demand schedule is a series of quantities that consumers would like to buy per unit of time at d
Limitation The degree or success with which the central bank can use its bank rate policy to control the total credit in the economy depends upon the interest elasticity of in
Q. Relation between average cost and marginal cost? Relationship between MC and AC are the following: If MC is below AC then AC should be falling. This is because, if MC
Cheap Labour It is often argued that the economy must be protected from imports which are produced with cheap, or 'sweated", labour. Some people argue that buying foreign
example problems for the types of pricing
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