Regression Analysis

Paper Summary:

This paper takes a look at the ABC Corporation, which has employees that are accruing large amounts of vacation time and then not using that time or losing it because of company rules regarding how much time an employee can carry. ABC wants to test, through regression analysis, whether this is a legitimate, company-wide problem or whether it is only occurring in isolated cases.

Outline:
Introduction: A Look at the Problem
Methodology
Results

From the Paper:

"Once an employee has been with ABC for five years, that employee will accrue three weeks of vacation time per year (15 days, or 120 hours). That results in an accrual rate of 4.6 hours per pay period. Finally, once employees have been with ABC for 10 years, they accrue vacation time at a rate of four weeks per year (20 days, or 160 hours), or 6.2 hours per pay period. This is the highest rate of vacation time accrual at ABC. Furthermore, although employees are allowed to carry vacation time over from one year to the next, they are not allowed to carry more than four weeks. Anything above four weeks, as of Jan.1 of a new year, is forfeited."

Sample of Sources Used:

• Aczel, Amir D. and Sounderpandian, Jayavel. Complete Business Statistics, 6th ed. New York: McGraw-Hill/Irwin, 2006.

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