ECONOMETRICS- SimpleLinear Regression Analysis | Learn Deterministic PLF| Easy Basic Econometrics

Описание к видео ECONOMETRICS- SimpleLinear Regression Analysis | Learn Deterministic PLF| Easy Basic Econometrics

Learn Econometrics Easily | Simple Linear Regression Analysis | Deterministic PRF | Independent and Dependent Variable | Basics of Econometric | What is Econometrics? | Ordinary Least square method |


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What is econometrics| What is Simple linear regression analysis.
Econometrics is the branch of economics concerned with the use of mathematical methods (especially statistics) in describing economic systems.
Simple linear regression is a statistical method that allows us to summarize and study relationships between two continuous (quantitative) variables: One variable, denoted x, is regarded as the predictor, explanatory, or independent variable.

What is Independent Variable and Dependent Variable?
The other name for independent variables is Predictor(s). The independent variables are called as such because independent variables predict or forecast the values of the dependent variable in the model. The other variable(s) are also considered the dependent variable(s).

What is PRF( Population Regression Function)
Population regression function (PRF) : A population regression function is a linear function, which hypothesizes a theoretical relationship between a dependent variable and a set of independent or explanatory variables at a population level. ... It is the sample counterpart of the population regression function.

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For More Details Call Us On 9810148882
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