Structural Equation Modelling (SEM) is a specific technique of data analysis that might be used to analyse the interrelations between observed and latent variables. As compared with the more conventional techniques that deal with one dependent variable and one or more independent variables, SEM follows a nuanced approach. It integrates both factor a...
Assignments based on SAS software have always challenging especially if you are beginner and has just started with your course in statistics and data analysis. This post provides a comprehensive guidance and homework help support to get started with SAS by outlining the steps you need to follow, coding examples and useful tips to solve your sas assignments. At the e...
Imperfect competition and perfect competition in economics are the staple concepts. In a perfectly competitive market, the prices are determined by forces outside the firm and the individual firm has no control over the prices it charges. In an imperfectly competitive market, there is some degree of control over prices by firms. It is a prerequisite for students sol...
Managerial economics focuses on the strategies of managing the firms and understanding business dynamics. This article discusses in detail, seven critical models that explain the complex relationship between the owners and the managers. These models are critical for students to understand the factors and the processes that leads to effective decision making and main...
When we assess the accessibility of healthcare in the United States among millions of Americans, we always see a stark difference between the rich poor. Even though the healthcare system in USA is good, not everyone can get the same access to it. This post focuses about how such disparity became evident and the microeconomic aspects of the issue with the help of som...
