An estimator that addresses nonlinearities in the least squares estimation process by linearizing first-order conditions for the parameters.
An in-depth look at nonlinear regression, its meaning, definitions, and analytical frameworks.
A stochastic process whose statistical properties change over time.
Definition and meaning of the term 'norm' in the context of economics.
Definition of normal distribution in the context of economics and statistical analysis.
Definition of normal distribution in the context of economics and statistical analysis.
An overview of the term 'normal equations' in the context of econometrics and least squares estimation.
A good whose consumption increases with income, encompassing both necessities and luxuries based on income elasticities of demand.
The predictable loss of value of an asset due to inevitable factors like wear and tear or the passage of time.
An exploration of normative economics, its definitions, and major analytical frameworks.
Oil produced in the North Sea, its impact on UK production, and economic implications.
