Dual Sector Inflation in Pakistan

Usman Afridi, Asgiiar Qadir

Abstract


In this note we point out the importance of using the standard
deviation, S, in economic analysis. not merely as an indicator of
confidence level for prediction, but also as a basic analytical tool. It
is shown that new insights into economic problems may be obtained by
giving closer attention to this statistical index, in addition to the
other more commonly used indices. If the standard deviation for an
economic index is too high. it may be more appropriate to dispense with
the one index for the entire sample and break the sample into two or
more parts, each of which has a reasonable standard
deviation.

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DOI: https://doi.org/10.30541/v22i3pp.191-210

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