Regression methods, Microeconomics

Assignment Help:

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.


Related Discussions:- Regression methods

EM13106443, May I get a quote on order number EM13106443. Thanks

May I get a quote on order number EM13106443. Thanks

Student, what are the sources of monopoly power

what are the sources of monopoly power

What does the is-lm framework mean, What does the IS-LM framework mean?  ...

What does the IS-LM framework mean?  The IS-LM model helps us to understand the two opposing theories. The IS (investment/saving) curve shows equilibrium in product markets. Th

HDI, how to write an assignment on Human development index

how to write an assignment on Human development index

Proportion of workers, Proportion of Workers in Organised and Unorganised W...

Proportion of Workers in Organised and Unorganised Workers: Increasing share of employment in unorganised sector reflect the deterioration in the quality of employment because

Monopolist, if a monopolist makes economic profits, new firms enter the mar...

if a monopolist makes economic profits, new firms enter the market and compete with the monopolist in the long run.

Individual demand curve - effect of price change, Individual Demand * T...

Individual Demand * The Individual Demand Curve  - Two significant Properties of Demand Curves - 1) The level of utility which can be attained changes while moving along

Government production in the economy, Government Production: Some productio...

Government Production: Some production in the economy is undertaken directly by governments (or several kinds of government agencies) in order to meet public requirements (as disti

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd