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How many techniques?

6 years ago in Dissertation/Thesis By Ritu Gupta

Dissertation

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.

All Answers (4 Answers In All)

By Rashi Garg Answered 6 years ago

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

By Piyush Batra Answered 6 years ago

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

By Mayank Singh Answered 6 years ago

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

By Raiman S Answered 6 years ago

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.