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How culture has saved Japan from the ravages of the COVID-19
In a stark reminder of the 1918 Spanish flu that made the world poorer by 50 million humans, COViD 19 has set many industries on a path financial losses, while people struggle to come to terms with the disruption to their lives.
Human resources as a strategic business partner
Competitive forces develop efficient organizations, and maintaining organizational efficiency comes with efficient human resources.
Why is it important to test heteroskedasticity in a dataset?
Heteroskedasticity refers to the state of systematic changes in the spread of residuals or the error term of the model. The presence of heteroskedasticity leads to violation of the assumption of the ordinary least square.
Why conduct a multicollinearity test in econometrics?
A multicollinearity test helps to diagnose the presence of multicollinearity in a model. Multicollinearity refers to a state wherein there exists inter-association or inter-relation between two or more independent variables.
The economic theories of entrepreneurship
The economic theories carry illustrious and a long-established pedigree relating to the study of entrepreneurship.
How to test normality statistically?
Data scientists strictly prefer to test normality and work on normally distributed data because of its benefits.
How to graphically test normality?
Normality test identifies the nature of the distribution of data of a given variable. Normal distribution of data refers to the closeness of every observation in a dataset to its mean score.