## Test of Hypothesis Confidence Interval for R-Coefficient

Test of Hypothesis Confidence Interval for R-Coefficient Significance Estimations 1-    Ho: β2                       =          8                      df=8 …

## Effective Rate of Protection Defined by Equation

Effective Rate of Protection Defined by Equation Case No. 3 Aij = it is the share of imported input in …

## Linear Model Equation with Examples Statistical Economics

Linear Model Equation with Examples Statistical Economics of Quantity and Supply Linear Model Equation 3.2 Qd=a-bP Qs= -C+dP If b+d …

## Commercial Policy Define Instruments consumer-producer

Commercial Policy Define Instruments consumer-producer: A definition of such policy which is designed to affect a countries trade relations with …

## Monopoly and Monopsony Power of Trade Effects of Tariff

Monopoly and Monopsony Power of Trade Effects of Tariff General approach small countries (Price Taker Country) Monopoly and Monopsony Power …

## Role of Foreign Trade Importance LDCs Benefits

The role of foreign trade in economic development is considerable. The classical and neo-classical economists attached so much importance to …

## Rostow’s Five Stages of Economic Growth and Development Model

Rostow’s Five Stages of Economic Growth and Development Model defined in 1960 which as under. The Traditional Society Rostow’s defined …

## Classical Linear Regression Model

Classical Linear Regression Model we described Assumption No.1 The regression model is linear in the parameters, as shown in sample/example. …

## The OLS Estimators: Properties and formula

The OLS Estimators: Properties and formula It passes through the sample means of Y and X. this fact is obvious …

## OLS Formulation Proving with equations

OLS Formulation Proving with equations Y – β2X           =          β1 β2           =          ∑xy/∑xi2 β2           =          ∑xiYi/∑Xi2-nX2 β2           = …

## Ordinary Least Squares Formulas and equations

Ordinary Least Squares Formulas, solved equations and squares In respect of β1 Taking derivation and = – 2 ∑ (Yi …

## The method of Ordinary Least Squares

The method of Ordinary Least Squares explained briefly This method is attributed to Carl Friedrich Gauss. This method has very …

## Law of Supply Meaning of Supply Definition of Supply

Law of Supply Meaning of Supply: By supply, we mean the quantity of the commodity which is offered for sale …

## Definition of Demand Meaning of Demand

Definition of Demand Meaning of Demand, in ordinary language the word demand means desire. But in economics demand means desire …

## Importance of Economics: Main Components

Importance of Economics: Today economics is more useful than any branch of knowledge because it makes human welfare its direct …