# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Ramsey Pricing
An economic concept in pricing that aims to maximize economic welfare while allowing firms to meet specific profit targets.
Ramsey Regression Equation Specification Error Test (RESET)
An overview of the Ramsey Regression Equation Specification Error Test, a method for identifying linear regression model misspecifications by testing non-linear combinations of explanatory variables.
Ramsey Rule
A formula characterizing optimal commodity taxes in an economy with a single consumer, aimed at maximizing utility subject to a revenue constraint.
Random Effects
A detailed exploration of the random effects in panel data regression models and its significance in economics
Random Error
A discrepancy between the observed value of a variable and its true value due to chance or imprecise measurement.
Random Process
An examination of random processes, also known as stochastic processes, in economic analysis.
Random Sample
A random sample refers to a subset of individuals chosen from a larger set (population) where each individual has an equal chance of being selected.
Random Variable
A function that maps the outcomes of a random experiment onto the real numbers
Random Walk
A detailed entry about the term Random Walk, including its definition, historical context, and analytical frameworks in economics.
Randomized Response
A technique for eliciting truthful answers to sensitive questions in surveys, used to estimate the proportion of a population belonging to a sensitive group.
Rank Correlation
An overview of rank correlation, a measure often utilized to evaluate the degree of similarity between two rankings used in various fields of economics and statistics.