Mikailalsys Journal of Mathematics and Statistics
Vol 2 No 3 (2024): Mikailalsys Journal of Mathematics and Statistics

F-Test and Analysis of Variance (ANOVA) in Economics

Kumar, Nand Kishor (Unknown)



Article Info

Publish Date
23 Aug 2024

Abstract

ANOVA remains a cornerstone of empirical economic research, providing economists with a robust framework to analyze differences between groups, eval_uate policy interventions, and draw meaningful conclusions from data. Its versatility and applicability across diverse economic contexts underscore its significance in advancing economic theory and informing evidence-based policymaking. As data availability and computational capabilities continue to expand, ANOVA's role in economic analysis is expected to evolve, supporting increasingly sophisticated studies of economic phenomena and policy impacts. In economics, particularly in empirical research and data analysis, the F-test and Analysis of Variance (ANOVA) are fundamental statistical tools used to test hypotheses regarding the equality of means across two or more groups.

Copyrights © 2024






Journal Info

Abbrev

MJMS

Publisher

Subject

Engineering Mathematics Mechanical Engineering

Description

The journal contains scientific articles covering topics such as mathematical theory, statistical methods, the application of mathematics in various disciplines, and statistical data analysis. The primary objective of this journal is to promote a better understanding of mathematical and statistical ...