This model is useful to study the relationships between two variables (explanatory and explained), for example: amount depending on the price, sales in terms of advertising, production as a function of the number of hours worked; demand-price and demand-rent, ...
Once you have chosen the functional relationship with the best fit (linear, potential, exponential, logarithmic or parabolic) , this template can be used for simulations and future estimations.
9 comments:
Interesting charting for the economic variables. I have not seen this analysis before. Thanks for sharing.
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