Coffee is one of the widely enjoyed beverages globally, and its prices have gone through significant fluctuations in recent years. To understand these changes, one must look at the basic concepts of supply and demand economics. In this specific post, we shall discuss how market demand has led to increase in price of coffee and this will serve as a practical case stu...
Performing a One Way ANOVA (Analysis of Variance) test on SPSS is always very challenging to many students. Sometimes it may involve finding out what command to use in SPSS, how to understand the output, and how to write meaningful conclusions, all of which may prove to be quite complex and takes several steps to get it right and will definitely need the understandi...
Microfinance is one of the powerful tools for helping people improve their economic situation, especially in the developing countries. By offering the financial services to those who usually do not have access to the banks, the microfinance institutions (MFIs) have thus helped millions of people in enhancing their quality of life. This blog post aim...
Panel data analysis is a statistical analysis technique that is common in econometrics and social sciences where data is collected and observed at different time periods from the same subjects. This kind of analysis gives more insights about the data in terms of variability and more precise estimates of the relationships between variables. EViews is a specialized St...
Are you a student who has encountered difficulties completing the time series analysis assignments in RStudio? This is not a reason to lose interest or give up, as you should not be intimidated by the codes or the complex concepts. The study of time series is critical to learners in statistics, biostatistics, epidemiology, data science, and data analysis. Understand...
