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Chapter 7. Covariance, variance and correlation



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Chapter 7. Covariance, variance and correlation 68

7.1. Covariance Rules 68

7.2. Sample covariance and variance Rules 72

7.3. Covariance rules: example 76

7.4. Other means of sample covariance 84

Summary 86

Questions for Review 86

Recommended Literature 87



Chapter 8. Economic Growth Models 88

8.1. Terms of economic growth 88

8.2. Application of production funcrions in econometric analysis of growth 93

Summary 99

Questions for Review 100

Recommended Literature 100



Chapter 9. Econometric models of economic growth 101

9.1. Economic growth and factoral analysis of well –being of population 101

9.2. Basic methods and steps of factoral analysis models and their estimation ..104

Summary 117

Questions for Review 118

Recommended Literature 118



Chapter 10. Application of correlation and regression analysis in


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