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Analysis Of Deterministic Dependences In Economics: Debatable Problems Of Theory And Practice

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  • Vasyl' Osypov

    (Odessa National University named after I. I. Mechnikov)

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    Abstract

    It is proved that essential drawbacks are inherent in the analysis methods of stochastic (statistical) dependences in economics: probability of calculations outcomes, their average nature, when the outcomes related to each unit in the aggregate cannot be received. Application of these methods is significantly restricted due to difficulties in fulfillment of requirements to initial information, and the complexity related to economic interpretation of statistical models parameters often results in its complete inadequacy regarding real economic phenomena. At the same time, analysis of deterministic dependences in economics is free of these drawbacks. Although use of analysis methods on the basis of deterministic dependences in economics is restrained by certain problems in theory and practice: study and teaching in two science disciplines, different approaches and unresolved theoretical problems. There are ways suggested for solution of theoretical and practical problems of analysis of deterministic dependences in economics.

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    Bibliographic Info

    Article provided by Yuriy Kovalenko in its journal Ukrainian Journal Ekonomist.

    Volume (Year): (2011)
    Issue (Month): 11 (November)
    Pages: 45-48

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    Handle: RePEc:uje:journl:y:2011:i:11:p:45-48

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    Web page: http://ua-ekonomist.com/

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