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Statistical Methods in Economics

Notes Answers: Self-Assessment
1. (i)Y = a + bx + cx 2 (ii)Y = a + bx
c
(iii) ∑Y = Nab +X b ∑ X 2
+∑X and ∑XY = ∑ a
(iv) halves (v) Best fit
24.6 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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