C?ter?s paribus is a Latin phrase, literally translated as "with other things the same." It is commonly rendered in English as "all other things being equal." In economics, theoretical models are build on the basis of ceteris paribus in order to test and illlustrate various theories.

Ceteris Paribus Plots. Ceteris Paribus Plots (What-If Plots) are designed to present model responses around a single point in the feature space. For example around a single prediction for an interesting observation. Plots are designed to work in a model-agnostic fashion, they are working for any Machine Learning model and allow for model comparisons.

The slightly better-than-expected outturn was primarily due to a downward revision to previouslypublished figures for central government current expenditure, which ceteris paribus also implies a lower structural deficit in /08 by % of GDP.

Ceteris paribus is a latin phrase which translates to English as “Other things being constant”. This is an important concept used when discussing various topics of Economics. Let us look into a scenario. We all know that when the price of a product or a service is reduced, the quantity demanded of that product or service will increase.

The ceteris paribus condition in economic theory assumes that the world outside the environment described by the theoretical model does not change, so that it has no impact on the economic phenomena under review. In this paper, we examine the econometric consequences of the ceteris paribus assumption by introducing a "state of.

Jul 22,  · The Latin phrase ceteris paribus means “all else being equal.” It refers to a situation where two or more things are being compared or a relationship .

Ceteris paribus or caeteris paribus is a Latin phrase meaning "other things equal". English translations of the phrase include "all other things being equal" or "other things held constant" or "all else unchanged".A prediction or a statement about a causal, empirical, or logical relation between two states of affairs is ceteris paribus if it is acknowledged that the prediction, although.

Translation for 'ceteris paribus' in the free English-Italian dictionary and many other Italian translations.

Ceteris Paribus: The Latin phrase ceteris paribus – literally, “holding other things constant” – is commonly translated as “all else being equal.” A dominant assumption in mainstream.