econometrics oor Nepalees

econometrics

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(economics) The branch of economics that applies statistical methods to the empirical study of economic theories and relationships.

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Linear regression Analysis (Econometric Method) is useful for long term forecasting. It is used to analyze the relationship between two variables by adding a linear equation to the observed data. Linear Regression can be applied to cross-sectional data or as it is in or case time series data. This method is particularly useful since we apply economic theory of Keynesian Consumption function.
यसमा हेर्नुहोस ।ParaCrawl Corpus ParaCrawl Corpus
Combination of pure economic theory, econometric and statistical tools might create accurate forecasting model. Linear Regression is based on the straight line method, where Y is the dependent variable (endogenous), X is independent or exogenous, ‘a’ is an intercept, b – slope, t is the unit of time.
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