The linear relation is frequently encountered in applied econometrics. Let y and x denote two economic quantities, then the linear relation between y and x is formalized by:
$$y={{\beta }_{1}}+{{\beta }_{2}}x$$
where βl and β2 are constants. When βl and β2 are known numbers, the value of y can be calculated for every given value of x. Here y is the dependent variable and x is the explanatory variable.


Nonzero Eigenvalue Good Linear Unbiased Estimator Economic Time Series Frequency Diagram Regression Space 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© H. E. Stenfert Kroese B.V. 1978

Authors and Affiliations

  • C. Dubbelman
    • 1
  1. 1.Econometric InstituteErasmus University RotterdamNetherlands

Personalised recommendations