Assumptions of Classical Linear Regression Model-CLRM-Based on secondary data

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To forecast the value of a dependent variable based on the values of one or more independent variables, statisticians utilize the Classical Linear Regression Model (CLRM). It is one of the statistical models that is employed the most frequently and is predicated on the idea that the connection between the dependent and independent variables is …

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Articles on the Economy-Transmission Mechanism of Monetary Policy

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Transmission Mechanism of Monetary Policy Any country’s central bank provides funds to the banking system and charges interest. Given its monopoly on money creation, the central bank has complete control over the interest rate. The State Bank of Pakistan provides funds to the banking system by charging a three-day reverse repo rate (also known as …

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Factors Influence Customer to opt Islamic Banking

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Influencing Factors to adopt Islamic Banking The banking industry plays a pivotal role in shaping the economies of countries and consequently the lives of the general public. King Abdulaziz University organized the First International Conference on Islamic Economics in Makkah at the start of 1970, and it was followed by the establishment of the first commercial …

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