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Matrices and Types of Matrices

In: Economic Analysis Through Mathematics

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  • Zrinka Lukač

    (University of Zagreb, Faculty of Economics & Business)

Abstract

The study of economic phenomena very often involves observation of a large amount of data that needs to be presented in a systematic manner and then used in a meaningful way to assess the situation and draw conclusions. Without the development of a suitable mathematical tool, it is often difficult to clearly present the situation and perform a meaningful analysis, even for small size problems. For example, a company that wants to monitor daily sales of its products through a retail network in several cities and use the data obtained in order to conduct various analyses can hardly do so without a systematic and transparent display of the data. Therefore, in this chapter we introduce the term matrix as well as basic types of matrices.

Suggested Citation

  • Zrinka Lukač, 2026. "Matrices and Types of Matrices," Springer Texts in Business and Economics, in: Economic Analysis Through Mathematics, chapter 1, pages 3-15, Springer.
    • Handle: RePEc:spr:sptchp:978-3-032-08812-3_1
    DOI: 10.1007/978-3-032-08812-3_1
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