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Persistent link: https://www.econbiz.de/10003826919
In this paper we are concerned with the application of multi-dimensional graphs (or Cartesian Spaces) in visualizing and modeling total change in a dependent variable in response to changes in any or all of the (many) independent variables affecting it. Previous literature has used the ceteris...
Persistent link: https://www.econbiz.de/10014198485
The rationale of hybrid economic models revolves around the efficacy of multidimensional mathematical modeling and graphs as the most effective tools to understand any economic problem from a multidimensional view. The main motivation behind the creation of hybrid economic models is to evaluate...
Persistent link: https://www.econbiz.de/10012845809
In this essay we are concerned with how the application of multi-dimensional graphs (or Cartesian Spaces) can enable the relaxation or minimization of ceteris paribus assumption in economic models. Nonetheless, we agree that ceteris paribus assumption is necessary in 2-Dimensional and...
Persistent link: https://www.econbiz.de/10014049382
This paper is concerned with the application of multi-dimensional graphs in visualizing and modeling total change in a dependent variable in response to changes in any or all of the (many) independent variables affecting it. Previous literature has used the ceteris paribus assumption to obtain...
Persistent link: https://www.econbiz.de/10014223613
Persistent link: https://www.econbiz.de/10009887975