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
To understand regression analysis with dummy variables, let us take an example of using dummy variable with structural changes in an economy. For example, there was a structural change in U.S during 1981-1982, and also a severe recession in 2007 and 2008. So when we...read more
By Definition, Dummy variables are Indicator, Categorical and Qualitative variables that are used to quantify the qualitative, nominal scale variables by giving them the value of 0 and 1. In simple words, we come across variable which are non-numerical in their...read more
In Econometrics, we use the tool of Regression Analysis to understand the economic relationships through quantitative estimation. This quantitative estimation is done by Regression which is one of the most frequent and important tool used to understand economic...read more