6 results for "Economics"

Data Science and Digital Business

Fausto Pedro García Márquez,Benjamin Lev
This book combines the analytic principles of digital business and data science with business practice and big data. The interdisciplinary, contributed volume provides an interface between the main disciplines of engineering and technology and business administration. Written for managers, engineers and researchers who want to understand big data and develop new skills that are necessary in the digital business, it not only discusses the latest research, but also presents case studies demonstrating the successful application of data in the digital business.
Springer International Publishing 2019-01-16 316 pages

A Theory of the Consumption Function

Milton Friedman
What is the exact nature of the consumption function? Can this term be defined so that it will be consistent with empirical evidence and a valid instrument in the hands of future economic researchers and policy makers? In this volume a distinguished American economist presents a new theory of the consumption function, tests it against extensive statistical J material and suggests some of its significant implications. Central to the new theory is its sharp distinction between two concepts of income, measured income, or that which is recorded for a particular period, and permanent income, a longer-period concept in terms of which consumers decide how much to spend and how much to save. Milton Friedman suggests that the total amount spent on consumption is on the average the same fraction of permanent income, regardless of the size of permanent income. The magnitude of the fraction depends on variables such as interest rate, degree of uncertainty relating to occupation, ratio of wealth to income, family size, and so on. The hypothesis is shown to be consistent with budget studies and time series data, and some of its far-reaching implications are explored in the final chapter.
Must Have Books 2022-03-15 254 pages

Statistics An Intuitive Approach

GEORGE H. WEINBERG,John Abraham Schumaker
Statistics: An Intuitive Approach by George H. Weinberg is a comprehensive guide to understanding statistics. The book is written in a clear and concise manner, making it accessible to readers with little to no prior knowledge of statistics. The author takes an intuitive approach to teaching statistics, using real-world examples and practical applications to help readers understand complex concepts. The book covers a wide range of topics, including probability, hypothesis testing, correlation, regression, and analysis of variance. Each chapter includes numerous examples and exercises to help readers practice what they have learned. The author also includes a glossary of key terms and a list of recommended readings for further study. Overall, Statistics: An Intuitive Approach is an excellent resource for students, professionals, and anyone looking to gain a better understanding of statistics. The book is well-written, easy to follow, and provides a solid foundation for further study in the field.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
Literary Licensing, LLC 2012-05 352 pages

The Gini Methodology A Primer on a Statistical Methodology

Shlomo Yitzhaki,Edna Schechtman
Gini's mean difference (GMD) was first introduced by Corrado Gini in 1912 as an alternative measure of variability. GMD and the parameters which are derived from it (such as the Gini coefficient or the concentration ratio) have been in use in the area of income distribution for almost a century. In practice, the use of GMD as a measure of variability is justified whenever the investigator is not ready to impose, without questioning, the convenient world of normality. This makes the GMD of critical importance in the complex research of statisticians, economists, econometricians, and policy makers. This book focuses on imitating analyses that are based on variance by replacing variance with the GMD and its variants. In this way, the text showcases how almost everything that can be done with the variance as a measure of variability, can be replicated by using Gini. Beyond this, there are marked benefits to utilizing Gini as opposed to other methods. One of the advantages of using Gini methodology is that it provides a unified system that enables the user to learn about various aspects of the underlying distribution. It also provides a systematic method and a unified terminology. Using Gini methodology can reduce the risk of imposing assumptions that are not supported by the data on the model. With these benefits in mind the text uses the covariance-based approach, though applications to other approaches are mentioned as well.
Springer New York 2014-12-13 548 pages

Production Trends in the United States Since 1870

Arthur Frank Burns
Burns was a leading American expert on business cycles, one of the keenest American critics of Keynes and Chairman of the Board of Governors of the Federal Reserve System. His first major research project remains an outstanding contribution to the economic measurement of increase of production based on painstaking examination of growth rates in individual industries decade by decade since 1870, noting the nearly universal tendency toward retardation. "Despite the tendency ... Burns noted ... growth of new industries would itself help to maintain rapid growth in total output." The New Palgrave
Scholar's Bookshelf 1964-04 363 pages