Microsoft Excel and other software can. This quantitative estimation is done by Regression which is one of the most frequent and important tool used to understand economic theories. Hence it is easy to describe a relationship in a theoretical form but it would be difficult to write it in the.
So times we use inflation rate and sometimes we.
Aug 06 2020 Regression analysis is a statistical method used for the elimination of a relationship between a dependent variable and an independent variable. Today used in quite a different sense. In Econometrics we use the tool of Regression Analysis to understand the economic relationships through quantitative estimation. Regression analysis can help a business see over both the short and long term the effect that these moves had on the bottom line and also help businesses work backwards to see if changes in their.
