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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.
Suppose the demand curve for a consumer for coffee is: Q = 6 – 2P, where Q represents the number of cups per day and P is the price of coffee per cup. Question: Sppose the co
How might a country exchange rate influence the balance of payments? Definition of the exchange rate; price of domestic currency in another (basket of) currency (currencies). C
I purchase a used stove for $155 when I was willing to pay $185. If a new stove costs $375,what is my consumer surplus
elasticity of demand
Summarize the four supply factors in economic growth.
#question.contrast the long run equilibrium position of monopolistic competition firm and oligopoly.
what is the theory of second best ? prove the theorem with the help of a diagram ?
Mamun has a weakly income of 600 dollars. Price of chocolate is 5 dollar and price of potato is taka 10. Both are normal goods. Show the income and substitution effect for each of
unemployment is voluntary, discuss in view of the classical economists and the keynesian
The price at which output is sold in a perfectly competitive market is determined by
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