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Regression

By Anonymous -
regression:  Welcome to this blog. *Only concepts* Topics Concept of regression types of regression difference between correlation and regression uses of regression Conclusion (Economics concepts) Dependent variable and independent variable Dependent variable: The variables whose values are estimated or measured is called dependent variable. Independent variable: refers to the basis for determining the value of other variable. Example: relationship between demand and price. here price is a dependent variable because the changes in price is a 1 variable and demand is the base for measurement. hence the variable which is base for measuring other variable is independent variable and the variable which measures the value of price is dependent variable.  Difference between regression and correlation Regression and correlation are almost closely related concepts. both deal with measurement of relationship between 2 or more variables. The main difference is  Regression: measures the effect of
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Concept Of Index Numbers

By Anonymous -
💖 WELCOME TO YOU Namaste! Friends, I heartily welcome you to read this post about the concept of Index numbers. The main purpose of this site is to provide concepts primarily. to learn more or to enquire more information, please research yourself in the internet.  Expect guidance but Don't expect subject from your instructor  If you get any doubt, try to find out yourself. if it is not getting solved with you, then as a final step, ask your lecturer. Even your doubt is not cleared, you can learn something new while searching for your doubt. that's the best method to really learn something with your own efforts. If you like someone's teaching, take him as a model. It improves your learning productively. #My_experience A Word From My Lecturer / Instructor Studying and gaining more and more information is not necessarily needed. expressing or (writing) what you know qualitatively is more important. quality is > quantity. Study and understand. compare concepts. relate to ot
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CORRELATION: MEANING, DEFINITION AND ITS TYPES or (Classification)

By Anonymous -
💖 WELCOME TO YOU INTRODUCTION Correlation is very useful for economists and mainly for psychologists to study relationship between TWO variables. we not only measure the existing relationship but also we can measure the importance of relationship between them.  Concept of correlation OR Meaning of correlation Correlation refers to the relationship between two variables is known as correlation. or in other words (It refers to the relation between an independent variable and a dependent variable). So, It helps to analyse the relationship between two or more variables.    It is a statistical technique which measures the quantitative relationship between different variables.  for example, relationship between : Price and demand Price and supply Demand and other determinants or determinant variables..... Correlation compulsorily lies between +1 and -1 only. that means, if the correlation value (Coefficient value) is more than +1 or -1, it is invalid or wrong.  Definitions of correlation A.
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Economics: Causes For Poverty and unemployment in India (Direct Points)

By Anonymous -
WELCOME TO YOU I heartily welcome you to read about few important (Major) causes to explain  why India faced mass poverty.  Apart from this poverty Now a days, India is moving towards achieving economic development. The per capita income, per capita expenditure, ability to pay taxes, education, human resources are all improving. People are becoming more vigillent.  This topic is also important for 11th and 12 grade economics students. ---------- Meaning Poverty can be defined as a social phenomena in which, a session of the people in the society is enable to satisfy even their basic necessities of life. Living standards is also very low, that society is set to be with mass poverty. India is suffering from mass poverty even after 65 years of planning. Still 21.9% of population is below the poverty line.  Generally NITI Aayog is responsible to measure the poverty rates in India. Causes of poverty in India There are number of causes which are responsible for the mass poverty in India. som
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Keynesian Theory Of Income And Employment, Role Of Effective Demand And Determination Of Aggregate Supply Price And Aggregate Demand Price (ADP & ASP)

By Anonymous -
WELCOME TO YOU I heartily  welcome you all to read  about the "Keynesian theory of employment and output" which is proposed by J.M Keynes, His opinion on unemployment, criticism of classical employment, introduction of new terms by Keynes, etc. ------------------------------ Introduction and history The theory of employment by Keynes is a criticism on classical economists theory of employment. The Classical economists developed their theory with assumption with full employment equilibrium without inflation in the long run. They assumed full employment as a normal situation and unemployment is a temporary situation.  Grate depression in 1930s during the period of 1930s, World faced great economic depression and unemployment became a normal situation and full employment equilibrium was not restored automatically as assumed by the Classical economists. In that situation there is no flow of income among the country people. even developed economies suffered due to depression. Keyn
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Statistics For Economics // Econometrics (Concepts In Brief) - Self_Project

By Anonymous -
WELCOME TO YOU I heartily welcome you to read about  statistics in economics. Please suggest me if I have to include any information or concept. Surely I'll learn from you. Please click this link to understand very basic concepts in statistics: Statistics Message Hope you understand easily without confusion. Learning something new is not at all easy but, the way we choose to learn is completely in our hands. Let us learn like a skill which we remember for a long time in life. If this blog helps you a little in your learning, that means it fulfil its purpose. SIMPLY Statistics: refers to averages, analysis of data, study of principles and applied methods, and interpretation of enquired data. ------------------------------ ......................................................... Key Points Statistics is very important to analyse the data clearly. It helps to plan on your own based on the collected data.  Modern economics has included the study of statistics to study the information
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CONCEPTS OF INFLATION AND TRADE CYCLES (Macro Economics)

By Anonymous -
WELCOME TO YOU  I heartily welcome you to read about the concept of inflation, It's Types, causes along with measurements or precautions to control inflation and also the concept of trade cycles, causes/phases, Phillips curve (Related to inflation and employment), Deflation and Stagflation. Note Link each topic to the Economy and write the reasons equally which are responsible to a consequence such as inflation. recurring reasons to a topic is ok. Think wider because it is aggregate value. Relate each concept. ------------------------------ Concept of inflation Inflation refers to an increase in general price level is called as inflation. It is a situation in which general price levels rises. the purchasing power of money will decreases or the value of money falls down. It is a continues rise in price value due to more supply of money in the market.  simply, it's a situation where there is more availability of money than the availability of goods produced in the country. Inflat
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