Correlation and regression of economic qualitative features
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The purpose of this book is to present research methods, suitable for qualitative phenomena, with the examples of their applications. This book presents: simple methods of measurement of the quality features based on the weak Stevens scales; common errors in the application of the statistical methods for the analysis of the results of the measurement in ordinal scale which were not presented in any book before; indicates the risk of application of the well-known Spearman s correlation coefficient; new coefficient of association of quality features created and proven by the author s book which ...
The purpose of this book is to present research methods, suitable for qualitative phenomena, with the examples of their applications. This book presents: simple methods of measurement of the quality features based on the weak Stevens scales; common errors in the application of the statistical methods for the analysis of the results of the measurement in ordinal scale which were not presented in any book before; indicates the risk of application of the well-known Spearman s correlation coefficient; new coefficient of association of quality features created and proven by the author s book which is equivalent to Pearson s correlation coefficient (this coefficient of association presented in the book can be tested for instance by a simple t-Student test); the possibilities of the application of the association coefficient which can be used to management decision in the enterprise; the possibilities of application of the linear probability function in the enterprise with advantages ofits application; the econometric models of limited dependent variables with general formula of logit transformation and possibilities of their use in undertaking management decisions in enterprise.
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