Page 192 - DECO504_STATISTICAL_METHODS_IN_ECONOMICS_ENGLISH

Statistical Methods in Economics

Notes 12.5 Review Questions

1. What is meant by linear regression analysis ? Explain clearly the significance of linear regression
analysis.
2. What are regression line ? Explain their uses.
3. Discuss the introduction of linear regression analysis.
4. What are the properties of regression line.
5. Explain the concept of lines of regression. State why there are two lines of regression.
Answers: Self-Assessment

1. (i) F (ii) T (iii)T (iv) F (v) T
12.6 Further Readings

1. Elementary Statistical Methods; SP. Gupta, Sultan Chand & Sons,
New Delhi - 110002.
2. Statistical Methods — An Introductory Text; Jyoti Prasad Medhi, New Age
International Publishers, New Delhi - 110002.
3. Statistics; E. Narayanan Nadar, PHI Learning Private Limied, New Delhi - 110012.
4. Quantitative Methods—Theory and Applications; J.K. Sharma, Macmillan
Publishers India Ltd., New Delhi - 110002.

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