Saturday, July 24, 2021

Gross Domestic Savings

Gross Domestic Saving is GDP minus final consumption expenditure. It is expressed as a percentage of GDP.

Description: Gross Domestic Saving consists of savings of household sector, private corporate sector and public sector. Gross domestic savings had followed a downward trajectory after 2008. The more concerning issue is the perceptible shift of investors’ preference towards physical assets as compared to financial assets.

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Disturbance term/Error term

The disturbance term, also commonly referred to as the error term, plays a crucial role in statistical modeling, particularly in regression ...