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
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...
Regression
Definition “Regression is a process by which we estimate one of the variables, which is dependent variable, on the basis of another variable, which is independent .” Dependent Variable Dependent variable is the one which is intended to be estimate or predicted is...
Mode in Statistics
Definition The mode is defined as the value in the data, which occur the greatest number of times in an array of data. For example i. The mode of the values 2, 5, 7, 8, 9, 9 and 10 is 9 ii. The mode of the values 11, 12, 12, 14, 15, 15, 15, 17, 17 and 19 is 15....