Quantitative Methods for Economics Tutorial 12 Katherine Eyal TUTORIAL 12 25 October 2010 ECO3021S Part A: Problems 1. State with brief reason whether the following statements are true‚ false or uncertain: (a) In the presence of heteroskedasticity OLS estimators are biased as well as inefficient. (b) If heteroskedasticity is present‚ the conventional t and F tests are invalid. (c) If a regression model is mis-specified (e.g.‚ an important variable is omitted)‚ the OLS residuals will show a distinct
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specialized needs. The choice of offering lower prices or differentiating products or services depends on the needs of the particular target. d) Bryant homes Company employed the Differentiation porter’s strategy as it is stated in the passage that “Bryant has reviewed many aspects its operations‚ and its customers can now see that Bryant homes has a clear competitive advantage over rivals.” e) Stakeholders are people or organizations that can affect or be affected by the business’s policies‚ actions
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American Home Products (AHP) has established a strong track record of revenue growth and return on equity over the past decade‚ producing a host of products in four separate business lines: prescription drugs‚ packaged drugs‚ food products‚ and housewares/household products. AHP’s distinctive culture emphasizes conservatism‚ cost control and risk aversion. AHP’s corporate structure also concentrated most decision-making authority with the incumbent chief executive‚ William F. Laporte. This approach
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Question 5 Atlanta Home Loan – control failure Date: October 29‚ 2013 To: Mr. Al Fiorini Founder of Atlanta Home Loan (“AHL”) From: PT Consultant Subject: Strategies and the Importance of Setting-up Controls for Your Business Thank you for providing the background information of your company. Based on the information provided‚ there appears to be deficiencies in the control systems implemented within the operation. These control deficiencies were one of the main causes that allowed
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Scenario 1: Lisa to leave for Atlanta without the family In the first scenario‚ I would have Lisa moving to Atlanta to get the new job. She would have to do this without her family. Since she has been offered the promotion‚ she can take on the new challenge and boost her career experience. The feeling of something missing can easily be translated to the absence of excitement and boredom. This could be possible as Lisa and Jim have grown in the same neighborhood since they were children and may need
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Spiritual Gifts *** Bible text used: Romans 12:3-8‚ 1 Peter 4:10-11‚ 1 Corinthians 12 14‚ Ephesians 4:7-13*** I. We are all given different spiritual gifts so that we can work together as one group in Christ‚ and thus further His kingdom here on Earth: a. Think about it if we all had the gift of encouragement what would happen? Nothing. We’d all go around encouraging people‚ but there would be no one to evangelize (preach the gospel) to others who are not yet saved. b. And‚ the same
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problems with Staples and Office Depot merging together. The problems that Staples is facing range from Profits‚ Supply and Demand to price changes. I will talk about a lot of topics‚ but these three will be the main focus. Fixing those three topics are the most important‚ because getting a solution will make it possible for Office Depot and Staples to merge together. The consequences we are facing are that the merge will end the competitive battle between Office Depot and Staples‚ and leave staples
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1. During 1947 to 1990‚ mixed economy was India’s kind of economy‚ and later after India recognized the incapability of the system to deliver the economic progress that many Southeastern Asian nations had started to enjoy‚ India started to adapt a market economy system to become more attractive to the foreign possible investors and businesses. So‚ up to today‚ India has been using a market economy system‚ but‚ still with some government oversight which made the current economic system as a hybrid
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Angel’s Retirement Home in St. Catharine’s‚ Ontario Intro – General Angel’s Retirement Home‚ located in St. Catherine’s‚ Ontario‚ is all that a retirement home for those who need support in living their daily lives should be. Angel’s Retirement Home exists because a passionate registered nurse with extensive experience in caring for the elderly wanted to create a home where residents were able to live the best possible version of their lives‚ surrounded by love and peace. Intro - Assisted Living
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to aid nursing home residents in an effective manner‚ one must not only integrate preferences and options‚ but also refine nursing home environments (Choi et al.‚ 2008‚ p. 545). The changes in the nursing home facilities may range from no longer including structured activities to making residents feel at home. In addition‚ adding complex tasks to residents daily life may help with feelings of unworthiness. According to Bhar & Brown (2012) reestablishing problem solving in nursing home residents produces
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