Category: Dissertation/ThesisHow many techniques?

My question from all of you is about the number of techniques in the field of economics to test the relationship between the different variables. If anyone knows the answer, then, please reply.
Thanks in advance.

asked on 16 Oct 18Ritu Gupta ritu gupta
4 Answers
answered on 16 Oct 18

You may search the keyword I am attaching below:
Testing relationship between two variables.pdf lecture.3.regression.all.pdf

Rashi Garg rashi garg
answered on 17 Oct 18

Have you decided what kind of relationship you want to test? If not, then, your first step should be to decide that.
1. If the variables used in your study are qualitative, then, prefer using Chi-square. And if, the variables are quantitative, then, use the correlation coefficient.
2. If the test is for the dependence relationship between the variables, then, you can use
A. Time series data- granger causality
B. Time series/cross-sectional data-Structural equation modelling

Piyush Batra piyush batra
answered on 18 Oct 18

Hi, I know many techniques which are used in the field of economics to test the relationship between the different variables. Such as, t-test, z-test, chi-square test, Pearson product-moment correlation coefficient, Spearman’s rank correlation coefficient, least squares regression, and many more.

Mayank Singh mayank singh
answered on 18 Oct 18

I agree with all the replies above, and would like to add my point, i.e., the quantile regression will be used, if the relationship between the two variables is not linear.

Raiman S Raiman S

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