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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.
Define law of supply. Quantity supplied rises as price raises, other things constant. In other words, "Other things being equivalent, when the price of a product rises, then s
There are two individuals in town, one is high risk and the other is low risk.1 The probabilities of having an accident for the low risk individual and high risk individual are p
Type of total outlay
how do I determine the profit-maximizing quantity of a firm for different market prices when only given TFC, TVC, and the market price
Sources of external economies of scale: Economies of Skilled Labour: This involves upgrading the skills of labour through the provision of education and training faci
#i need more light about it..
What is the theory of second best? Prove the theorem with the help of a diagram
cartels model of collusive oligopoly
how can a consumer get maximum Equlbrim
Why some country saving less and consumption more?
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