1Research Scholar, Department of Statistics, Gauhati University, Guwahati, Assam
2Research Scholar, Jawaharlal Nehru School of Management, Assam University, Silchar, Assam
Online published on 26 June, 2013.
The age dependency is an important factor to contribute to the economic structure of a family. In this work, the effect of age dependency on the economic sustainability in the families of Varanasi city has been observed. To deal with small sample size problem the boot strapping method has been used. The relevant calculations are done using the software R. It has been found that the presences of young dependent people make the families economically poor. However, the presences of old age people in the family make it economically sustainable.
Bi-Square, Huber Estimator, M-Estimator, Re-Sampling Method
