Tag Archives | Econometrics

Study Notes on the Engel’s Law | Applied Econometrics

The below mentioned article provides a study note on the Engel function in economics. Engel's Laws: The relationship between total consumption expenditure and expenditure on a specific item at a point of time across the sample households is known as Engel Function or Engel Curve. The empirical results of the study undertaken by Engel [Ernst Engel was German Statistician] were [...]

By Nisha K|2016-11-04T05:15:53+05:30November 4, 2016|Econometrics|Comments Off

Long Run Equilibrium Relationship | Econometrics

In this article we will discuss about the long run equilibrium relationship. Stationarity of Time Series Data [Augmented Dicky Fuller [ADF] Test]: Statistical interference from macro economic time series is generally based on the assumption of stationarity of the series, which more often found to be violated in many macro economic time series. If time series data are non stationary [...]

By Nisha K|2016-11-04T05:15:52+05:30November 4, 2016|Econometrics|Comments Off