Study shows that people organize daily travel efficiently

(Phys.org) —Studies of human mobility usually focus on either the small scale—determining the origins, destinations and travel modes of individuals' daily commutes—or the very large scale, such as using air-travel patterns ...

Role of retail chains in inflation measurement and price dynamics

A study by Columbia Business School Professor Emi Nakamura, Chazen Senior Scholar at The Jerome A. Chazen Institute of International Business at Columbia Business School and David W. Zalaznick Associate Professor of Business, ...

A new system for forecasting the GDP of autonomous regions

A study coordinated by Universidad Carlos III de Madrid proposes a new methodology to carry out quarterly forecasts of GDP evolution in all autonomous regions. This forecast should be related to the budget tightening plans ...

3Q: As precious metals grow more precious

The value of silver soared to an all-time high last Thursday, and plunged dramatically yesterday, illustrating the constant volatility of the precious-metals market, which includes lustrous commodities like gold, silver and ...

Explained: Regression analysis

(PhysOrg.com) -- Regression analysis. It sounds like a part of Freudian psychology. In reality, a regression is a seemingly ubiquitous statistical tool appearing in legions of scientific papers, and regression analysis is ...

Might not be a tomorrow: Youth anticipate early death

As Atlanta officials aim to tackle the city's safety problems this year, some of their toughest criminals to stop maybe young offenders whose desires to commit crimes are being fueled by an anticipation of dying early.

Lab-grade economics

(PhysOrg.com) -- Can economists conduct studies with solid scientific foundations? MIT's Joshua Angrist explains how to carry out 'natural experiments' with numbers.

Econometrics

Econometrics has been defined as "the application of mathematics and statistical methods to economic data" and described as the branch of economics "that aims to give empirical content to economic relations." More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference." The first known use of the term "econometrics" (in cognate form) was by Paweł Ciompa in 1910. Ragnar Frisch is credited with coining the term in the sense that it is used today.

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