Nature and Structure of the Economy

NATURE OF THE ECONOMY The nature of economics is related to the study of wealth or human behaviour or of scarce resources. The scope is …

Duality Concepts, Significance

Duality Concepts, Significance

Methods of Solving: Graphical and Simplex 

Methods of Solving: Graphical and Simplex 

Formulation of Linear Programming

MAXIMIZATION CASE Let’s understand the maximization case with the help of a problem. Suppose a firm produces two products A and B. For producing the …

Linear Programming Problem

The Linear Programming problem is formulated to determine the optimum solution by selecting the best alternative from the set of feasible alternatives available to the …

Pitfalls and Limitations Associated With Regression and Correlation Analysis

Pitfalls and Limitations Associated With Regression and Correlation Analysis

Ordinary Least Square Method of Regression

Ordinary Least Square Method of Regression

Regression Meaning, Assumption, Regression Line

Regression is a statistical measurement used in finance, investing and other disciplines that attempts to determine the strength of the relationship between one dependent variable …

Measurement of Correlation: Karl Pearson’s Method, Spearman Rank Correlation

Measurement of Correlation: Karl Pearson’s Method, Spearman Rank Correlation

Coefficient of Determination and Correlation

Coefficient of Determination and Correlation

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