Managerial Economics Essay

The major technique that we used in order to extract the info given is by using SPSS program which is by linear degeneration abridgment. Regression analysisincludes any techniques for modeling and analyzing several inconsistents, when the focus is on the relationship in the midst of adependent variableand one or more autarkic variables.More specific each(prenominal)y, reversion analysis helps one clear how the typical value of the dependent variable changes when any one of the self-sufficient variables is varied, while the other independent variables are held fixed. Most commonly, reverting analysis estimates theconditional expectationof the dependent variable given the independent variables that is, the intermediate valueof the dependent variable when the independent variables are held fixed. In all cases, the estimation target is afunctionof the independent variables called theregression function.In regression analysis, it is also of interest to characterize the variation of the dependent variable around the regression function, which can be described by aprobability distribution. Regression analysis is also used to understand which among the independent variables are related to the dependent variable, and to explore the forms of these relationships. In restricted circumstances, regression analysis can be used to infercausal relationshipsbetween the independent and dependent variables. By using SPSS program, we can identify and dismember the regression result.From there, we can also found the related concept of cracking being formed. The concept of elasticity is introduced as the tools for measuring the responsiveness of total pick uped to changes in various factors. The first major section is considered regresiion analysis which is a statistical method for fitting the equation to set the data. It is used for assume estimation and we can analyse the result by using regression analysis. Finally, by using SPSS program, it is easier to identify an d analyze the price ticket and the demand which have been effect from various sector.