Essays on Statistics Page 8

Changes in macroeconomic variables have been attempted to be hypothesized only to be limited by econometric and data related limitations. However, over the years economists have studied possible avenues to explain the changes in these variables using naturally occurring changes and their relationships with any resulting changes in macroeconomic variables. Such a field was thought…

Independent and dependent variables are arithmetical tools used in a research to keep trail of what’s going on. They permit you to uphold control over your research in a quantitative way. (Schwab, 2004, p. 65) The independent variable is a variable in an equation that may possibly have its value liberally chosen without taking into…