statistical methods

Causal Relation: Understanding Cause and Effect

Causal relation explores the link between events where one event (the cause) directly influences another (the effect). It's fundamental to…

2 days ago

Econometrics and Quantitative Economics

Econometrics applies statistical methods to economic data, enabling empirical testing of theories and forecasting. Quantitative economics uses mathematical models for…

3 days ago

Statistics: Understanding Data and Probability

Statistics is the science of collecting, analyzing, interpreting, and presenting data. It uses probability to understand variability and make informed…

3 days ago