The pandas package in python is a versatile library which is capable of displaying data in a table format which allows data analysis to be easily performed. Reading data using the python package requires that the format of the file to be read and the file path is explicitly stated.
- The pandas module has the ability to read a whole of different file formats by using the appropriate read functions such as read_csv, read_excel and so on.
- The format of the file to be read may be ; .csv, .xlsx, .txt abd so on. The appropriate format of the file has to be stated with the file path of the file.
- The file path refers to the location in which the file is on the computer. This path has to be stated so that pandas knows where to locate the file.
Therefore, the pandas module requires that the format and file path ls stated when reading a file.
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In an oligopoly type of market, there are only few producers whom dominate the market. This is the market type wherein there are only small number of firms that control the majority of the market share. The opposite to Perfect Competition, wherein there are unlimited number of producers. In an oligopoly, since there are only a few numbers competitors, each firm is likely to be aware of each other's action.
Observation designed to minimize the effects of variables other than the independent variable.
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