Understanding Ordinary Least Squares (OLS) The Ordinary Least Squares (OLS) method is a statistical method for estimating ...
Properties of Estimators An estimator is a function in statistics and econometrics that is used to estimate ...
Meaning of Estimation Estimation is a critical component of econometrics and statistics, which involves the analysis of ...
Meaning and Definitions of index number An index number is a statistical tool used to measure relative ...
Concept of Data and Data Collection Data are the numerical facts that result from the counting or ...
What is Compounding? Compounding is the process of earning interest on an asset’s reinvested earnings. It is ...
What is Statistics The term statistics is marked to have evolved from the Latin word ‘status,’ or ...