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 its true and acceptance when its not true. This article discusses the steps which a given hypothesis goes through, including the decisional errors that could happen in a statistical process.
About the Author(s)
The article is Written and Reviewed by Management Study Guide Content Team. MSG Content Team comprises experienced Faculty Member, Professionals and Subject Matter Experts. We are a ISO 2001:2015 Certified Education Provider. To Know more, click on About Us. The use of this material is free for learning and education purpose. Please reference authorship of content used, including link(s) to ManagementStudyGuide.com and the content page url.
A Smarter Way to Study....short presentations, real results
- Optimum lively Graphics and Animation to make the concept easy to understand
- Engaging PPTs which are a fast, effective, short and concise, with lots of examples to help you master the subject quickly
- Continuous learning platform - new presentations added every week