The article discusses in detail the meaning, scope and elements of econometrics. It also talks about the application of econometrics in human resource management.
Articles on Econometrics of Human Resources
Linear regression model is one of the simplest yet most used statistical methods. It disentangles some very complicated and long-winded problems. This article discusses the utility and process of utilizing linear regression model, with the help of suitable examples.
Applied econometrics finds its applicability across a wide variety of business, social and demographic situations. It provides a set of powerful tools to collect, use, analyze and make sense of the data, for more effective decision making. This article focuses on the steps taken to carry out an empirical study.
Hypothesis testing is a statistical process to determine the likelihood that a given or null hypothesis is true. It goes through a number of steps to find out what may lead to rejection of the hypothesis when it’s true and acceptance when it’s not true. This article discusses the steps which a given hypothesis goes through, including the decisional errors that could happen in a statistical process.
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