All that you need to know about Economics
Econtutorials is a hub of articles, notes, lectures, manuals and online courses of Economics that will guide you from its very basic terms to advance methods of solving quantitative problems.
Domains of Economics
Standard Deviation
Definition “The standard deviation is defined as the positive square root of the mean of the squared deviations of the values from their mean.” Characteristics of Standard Deviation: i. The standard deviation is affected by the values of every observations. ii. The...
Quartile Deviation
Definition The quartile deviation is half the difference between the third quartile and the first quartile of a frequency distribution, or simply distribution. Mathematically, quartile deviation would be represented as follows; Quartile deviation is also known as...
Basics of Correlation
Definition “Correlation is an analysis in which we study the degree of closeness of relationship between the variables.” Explanation Where the values of two variables vary in such a way that the movements i.e. increase or decrease, in one variable is connected...