Data-Driven Care: How Econometric Models Revolutionised Hospital Logistics
What if I told you that Econometrics can save lives? It is common knowledge that within medicine, every second can make the difference between life or death. To any econometrician, this should generate the question: How do we minimise time spent with...
Applications of Fibonacci Series: From Nature to Stock Market
“How is an art piece related to a perfect face?” and “how is the arrangement of seeds in a sunflower related to the stock market?” These questions seem unusual but explain why some seemingly unrelated things in nature and life are connected. A simple...
Economic Forces Behind U.S. Election Voter Preference: Why Republican over Democrat?
When polled on what issue matters the most to American voters, the economy emerges victorious time and time again. As a result of this, one would expect the party that consistently outperforms the other during respective administrative periods on key...
“What Do Schoolteachers and Sumo Wrestlers Have in Common? How Is the Ku Klux Klan Like a Group of Real-Estate Agents?” Freakonomics: A Rogue Economist Explores the Hidden Side of Everything, written by Steven D. Levitt and Stephen J. Dubner and publ...
For years humanity has been able to unlock ingenious inventions to battle against obstacles of our development, from antibiotics to the internet. Yet one obstacle remains one of the most formidable challenges we face, one where ingenious inventions d...
"Your university years as a young student are often said to be the best years of your life. Make the most of them, as you will never get that time back”. You may have already heard this popular saying in your surroundings. Some students view these ye...
When analyzing some statistics in econometrics and related fields, the gender ratio emerges as a notable aspect. Historically, like many other areas in STEM, econometrics has experienced a disparity between the number of males and females. Reflec...
Doesn’t it sometimes feel like getting things done is impossible when the weather changes? During winter it seems impossible to sit at a desk and work when all you want to do is drown yourself in a fluffy blanket, watch movies and drink hot chocolate...
In the wake of the recent controversy surrounding Nickelodeon and the troubling environment allegedly fostered by Dan Schneider in children’s television, ’Quiet on Set’ serves as the inspiration for this article. It delves deeper into the economic im...
Last month, we saw the Japanese Yen at a 34-year low, past 160 per dollar. Back in the 1980s, economists discussed when Japan would surpass the US in GDP due to its astronomical growth and technological superiority. Now, 40 years later, we have the a...