Abstract
For analytical purposes, it is much more convenient to express any economic relationships in terms of mathematical equations so that we can apply various estimation methods and optimization techniques to derive economic policy in quantitative terms. Below we provide a simple example in terms of a plain consumption function.
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© 2015 Alexis Lazaridis
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Lazaridis, A. (2015). Prerequisites for Contemporary Econometrics and Systems Modelling. In: Dynamic Systems in Management Science. Palgrave Macmillan, London. https://doi.org/10.1057/9781137508928_1
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DOI: https://doi.org/10.1057/9781137508928_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-70170-4
Online ISBN: 978-1-137-50892-8
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