December 2021

Economist whose ideas are transforming the world

An economist is a specialist who studies the link between a society’s resources and its output or production. Economists study a wide range of societies, from small local communities to entire countries and even the global economy. An economist’s expertise and research findings are used to shape a wide range of policies, including interest rates, …

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Price Elasticity demand and its application

Estimation of Demand and forecasting By specifying the Regression Equation and Obtaining the Data, determine all the factors that may influence the demand for a specific good or service before estimating it. Assume we wanted to estimate cell phone demand among students at various educational institutions in Karachi, Pakistan. What factors are most likely to …

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