, inflation, unemployment, foreign direct investment and exchange rate. Correlation analyses and regression analyses were done …

critical sub‐processes. Design/methodology/approach – The authors discuss various statistical methods such as correlation and … regression, simulation, basic statistics such as average, standard deviation, coefficient of variation % (C.V.%), etc. for the … through empirical analysis based on real‐life case examples. Findings – The stepwise regression and simulation have been found …