Pregled bibliografske jedinice broj: 462394
Parameters Estimation According to Engel's Law in Excel
Parameters Estimation According to Engel's Law in Excel // International journal of intelligent defence support systems, 3 (2010), 1/2; 66-77 (podatak o recenziji nije dostupan, članak, znanstveni)
CROSBI ID: 462394 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Parameters Estimation According to Engel's Law in Excel
Autori
Pivac, Snježana ; Eškinja, Ivo ; Zorić, Mia
Izvornik
International journal of intelligent defence support systems (1755-1587) 3
(2010), 1/2;
66-77
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
Parameter Estimation; Engel's Law; Excel; Monte Carlo Simulation
Sažetak
Engel's laws have been frequently used in economic analysis. In this paper the concrete relations in Croatian economy are studied according to basic postulates of Engle curve. The parameters of relevant model are estimated by respecting wages movement and luxury consumption. Beside standard method, parameters estimation has also been done by Monte Carlo simulation, which enables the basic assumptions to be fulfilled. By using such multi-objective approach, the obtained results have been presented, interpreted and comparatively analyzed. All calculations are accomplished very simply in Excel. This user-friendly approach will help many users to easily solve similar complex statistical and mathematical calculations, which is useful and important for students of economic sciences in quantitative analysis.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Projekti:
055-0000000-1435 - Matematički modeli u analizi razvoja hrvatskog financijskog tržišta (Aljinović, Zdravka, MZOS ) ( CroRIS)
Ustanove:
Ekonomski fakultet, Split
Citiraj ovu publikaciju:
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