A review of the article "Interpretation of the Correlation Coefficient: A Basic Review" by Richard Taylor.
Article Review # 145818 |
926 words (
approx. 3.7 pages ) |
1 source |
APA | 2010
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$ 19.95
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Abstract
The paper looks at how Richard Taylor, in his article, "Interpretation of the Correlation Coefficient: A Basic Review" examines the statistical concept of the correlation coefficient. The paper looks at how Taylor stresses the wide use of correlation analysis and how correlations can be either negatively or positively linked. The paper outlines Taylor's explanation of why interpretation of correlation is so essential and also how correlation coefficients can be used in conjunction with regression analysis to predict unknown values.
From the Paper
"This analysis of Taylor is germane to any discipline, including the social as well as the natural sciences, where statistics are used to 'prove a point' when validating conclusions. The author does not only present examples of how the effect may be relevant to the sonographer at a medical facility, despite the where the article was published but draws from a wide range of disciplines including simple common sense. Correlation is an important concept because "it is often useful to determine if a relationship exists between two different variables. If so, how significant or how strong is this association between the two variables?" (Taylor 1990, p.36)"
Tags:statistics, conclusions, relationships, validity, regression, analysis
This paper discusses what elements must be taken into consideration when designing theater acoustics.
Essay # 4354 |
1,180 words (
approx. 4.7 pages ) |
0 sources |
2003
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$ 24.95
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Abstract
The following paper discusses elements such as room size, room composition, room shape, and the location of the listener and sound source, when designing theater acoustics. Finding the ultimate impulse response with testing is also discussed.
From the paper:
"It has been considered that gross errors in concert hall design are rarely due to use of the wrong absorption coefficients, as most of the materials used are highly reflective. A theater audience first hears sound generated from the source. Then they will hear attenuated bounces of sound off the walls. The sound is again and again reflected off the walls, resulting in total reverberation of the sound. In a large room such as a theater, reverberation time can be as long as four seconds."
Tags:impulse, response, mechanical, engineer, design, noise, absorption, coefficients, reverberation, time
An analysis of research conducted on police opinion about their organization.
Analytical Essay # 132269 |
750 words (
approx. 3 pages ) |
1 source |
APA |
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$ 16.95
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Abstract
This paper employs the results of the research conducted on the police opinion about their organization to model motivation. The research used correlation coefficients to explore the relationship between various variables. This analysis will focus on interpreting these coefficients and finding the appropriate model based on the trends noticed within the police force. Attribution theory, Hertzberg's two factor theory and the ERG theory provides solid support for the research being analyzed.
From the Paper
"This paper will use the results of the research conducted on the police opinion about their organization to model motivation. The research used correlation coefficients to explore the relationship between various variables. This analysis will focus on interpreting these coefficients and finding the appropriate model based on the trends noticed within the police force. Attribution theory, Hertzberg's two factor theory and the ERG theory provided a good support for the research being analyzed. The Macedonia police opinion about their own organization is grounded in ..."
Tags:law, enforcement, morale, motivation, psychology
Demonstrates the ability to analyze statistically a data set.
Analytical Essay # 119122 |
3,605 words (
approx. 14.4 pages ) |
1 source |
MLA | 2010
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$ 60.95
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Abstract
This paper makes sense of data by organizing a file using descriptive analysis and hypothesis testing and by modeling the data. The data set of used car sales based on zip codes from three cities comes from a specified on-line data base. The paper presents a detailed analysis using 'cf_frequency distribution' for the two intervals/ ratio variables, null and alternate hypothesis testing and multiple regression.
Table of Contents:
Data Collection
A Descriptive Analysis of Two Interval/Ratio Variables
Solution
Sale Price
Frequency Distribution - Sale Price in New York
Histogram
Mileage -New York
Hypothesis Tests
Solution
Test 1
Alternate Hypothesis
Test Statistic
Conclusion
Statistical Decision
Test 2
Null Hypothesis
Alternate Hypothesis
Test Statistic
Correlation Testing
Statistical Decision
Test 3
Null Hypothesis
Alternative Hypothesis
Anova
Single Factor
Statistical Decision
A Model to Predict an Interval/Ratio Variable Using At Least Two Other Variables Solution
Interpretation of Regression Coefficients
Conclusion
Appendix
From the Paper
"Here we want to find the relationship that exists between 'Price' (dependent variable) and 'Year' (Number of years old), Mileage and Location (independent variables). The appropriate statistical test to find the relationship among the variables is 'Regression Analysis'.
"In order to carry out the regression analysis, we have created a new independent variable named 'Location'. In that independent variable 'Location', we have coded 0 for the cars which come from Chicago, 1 for the cars which come from New York and 2 for the cars, which come from Los Angeles."
Tags:histogram, central tendency, anova, multiple regression, f test
Presents a complete research project, which presents a new tool to manage the global interest rate risk using the case of Credit Foncier de Monaco.
Dissertation or Thesis # 107805 |
11,815 words (
approx. 47.3 pages ) |
79 sources |
APA | 2008
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$ 137.95
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Abstract
This paper explains that the goal of its thesis is to conceive a model to manage the global interest rate risk of the commercial portfolio in order to determine the optimal structure of the new production and to test the tool on the Credit Foncier de Monaco, private banking and subsidiary of Calyon, which is obviously the investment banking of Credit Agricole. The paper's thesis is divided into two main sections: the theoretical modeling and the empirical application.
Table of Contents:
Abstract
Abbreviations
Introduction
Theoretical Modeling
Identification
Interest Rate
Nominal vs. Real Rate
Fixed vs. Variable Interest Rate
Short-Term vs Long-Term Rates
Spot vs. Forward Rates
Term Structure of Interests
Theories
Methods
Deterministic and Stochastic Models
Sources of Interest Rate Risk
Repricing or Maturity Mismatch Risk
Basis or Bid-Ask Spread Risk
Yield Curve Risk
Options Risk
Interest Rate Exposure
Net and Gross Positions
Balance-Sheet & Gap
Profit and Loss Statement and Spread
Factors
Measurement
Volume
Instantaneous Gaps
Generalized Gaps
Indexed Gaps
Simulated Gaps
Value
Duration
Convexity
Market
Margin
Sensitivity
Modified Duration and Relative Convexity
Money Markets Rates
Management
Hedging And Speculation
Micro or Macro Hedging
Systematic or Selective Hedging
Partial and Total Speculation
Hedging Risk and Opportunity Cost
Passive and Active Hedging
Passive Hedging or Beta Management
Active Hedging or Alpha Management
Instruments
Spot
Forward And Future
Fra And Swaps
Options
Modeling
Utility
Structure
Utility Function
Constraints
Regulation
Commercial
Model
Objective Function
Efficient Portfolio
Optimal Portfolio
Empirical Application
Presentation
Cfm
Treasury
Asset-Liability Management (Alm) Committee
Adaptation
Structure
Constraints
Rates
Simulation
Leverage
Regulatory Constraints
Variance-Covariance Matrix
Utility
Variances
Conclusion
Glossary
Appendix: Balance-Sheet + Profit & Loss Statement
Appendix: Balance-Sheets by Currency, Maturity and Interest Rate
Appendix: Gaps
Appendix: Correlation and Variance-Covariance Matrix
Appendix: Weightings and Balance-Sheets in March 2008
Appendix: Coefficients of Variation
Appendix: Objective Function for Different Aversions to Risk
From the Paper
"Taking into account the stock and constraints, the model determines the optimal allocation of the production for different scenarios of rates level, rates volatility and risk aversion degrees. The bank hedges against the interest rate risk by optimally adjusting its production.
"The optimal portfolio is the tangent point between the efficient frontier and the indifferent curve. It is obtained by equalizing the marginal rate of transformation (MRT) to the risk to return, which is the slope of the efficient frontier, and the marginal rate of substitution (MRS) to the risk to return, which is the slope of the objective function."
Tags:tool transformation, tangent point, risk premium, asset management
An examination of the effects of disposable income on domestic travel.
Research Paper # 101627 |
1,262 words (
approx. 5 pages ) |
4 sources |
APA | 2008
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$ 25.95
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Abstract
This paper examines the main hypothesis of whether increases in disposable income, cause an increase in domestic travel, and the sub-hypothesis of whether domestic travel is a normal or luxury good. The paper explains that the main aim is to determine the true nature of the relationship between disposable income and domestic travel. The paper further explores the effect of disposable income on domestic travel. In conclusion, the paper shows that a complete model of domestic travel entails looking at all determinants of travel as a supposed explanatory variable before the relationship between personal disposable income and domestic travel can be analyzed and this is necessary so that the relationship coefficients are unbiased.
Outline:
Literature Survey
Theory and Hypothesis: What is the Effect of Disposable Income on Domestic Travel
From the Paper
"Research that has centered on domestic travel, began as early as the 1960's, especially in wake of the fact that in many developed countries citizens were spending excessively on travel. Empirical studies by Gray found that disposable income was a major determinant of travel. Gray's analysis was an econometric model that included explanatory variables such as the foreign exchange rate, fare payments abroad, and travel spending by local residents. Gray's work also included another element that was absent in other papers, that is, Gray found that the prices of goods and services while traveling were an important determinant of travel. This particular model is important to the testing of the relevant hypotheses since, it gives a clear picture as to what the complete model of domestic travel should entail as explanatory variables. It is therefore less likely to get a biased determinant if all the necessary independent variables are included in the model; Gray's research paper dictates what these variables should be."
Tags:foreign, exchange, rate, fare, payments, abroad, travel, spending, local, residents
A look at several economic concepts.
Descriptive Essay # 131319 |
750 words (
approx. 3 pages ) |
0 sources |
MLA |
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Abstract
This papers defines economic concepts such as the Gini Coefficient, Sustainable Yield, and Backward Linkage. Although a general definition of each term is given, they are analyzed in the context of Canada's economic development. Specific examples and sectors are explored so that an accurate illustration of Canada's economic history can be identified.
From the Paper
"The Gini coefficient is a measure of inequality with values between zero (perfect equality) and one (perfect inequality). The Gini coefficient usually measures the inequality of income distribution within a country. However, there are other uses such as wealth measurement or other discriminatory indices. The Gini coefficient in Canada is fairly stable and is over .40 for market income and .30 for after tax-income. This is higher income inequality in comparison to developed European nations. How has Canada, used this shape..."
Tags:gini coefficient, reciprocity treaty, sustainable
Provides cost evaluation of reducing the price of a product or service.
Essay # 29478 |
950 words (
approx. 3.8 pages ) |
1 source |
MLA | 2003
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$ 20.95
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Abstract
This paper details the cost information needed to analyze a proposal from hypothetical company X's marketing department to lower prices by ten percent on a product or service that has a price elasticity coefficient of 2.5, in an attempt to increase sales revenue and ultimately overall profit. In addition to exploring the overall benefits and detriments of pursuing this course of action, this paper also evaluates the effect of possible competitive responses by other companies who compete in the same arena.
From the Paper
"While this result would be positive for the marketing department, as the increase in sales revenue would increase their bonus level, it would be detrimental to the general manager as his / her compensation is based upon meeting profit targets. Additionally, the company as a whole will not benefit from taking actions that reduces long-term profitability. The only way that the marketing department's suggestion could work in this scenario would be if the increased sales would lead to permanent market share gains that could be made more profitable down the road, when some of the company's cost expenditures can be reduced. If that were the case the company would also need to consider if they could afford the reduced profit margins long enough to see a long term increase in market share."
Tags:coefficient, economics
A reflection on a course that addressed income inequality and poverty in Canada.
Persuasive Essay # 133614 |
1,250 words (
approx. 5 pages ) |
1 source |
MLA |
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$ 25.95
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Abstract
The writer of this paper looks briefly at how his attitudes towards poverty have changed after reading the first four chapters of the course textbook. Specifically, the writer explores some of the misconceptions he had prior to joining the course and also details how this course has made him re-consider his hitherto unshakeable faith in globalization and in free markets.The writer also delves into what he thinks it means for Canada that so many groups and individuals are poverty-stricken and he asserts why it is that the GINI coefficient (a coefficient that looks at income inequality in Canada) is the most effective measure for gauging poverty insofar as it crystallizes how so many Canadians are falling behind in an ostensible age of plenty. The writer believes that the troubled groups discussed in chapter three are not poor because they choose to be (or because they are wracked by character flaws) but because our society has done a poor job of "spreading the wealth" - and an even worse job of acknowledging the reality of widespread poverty.
From the Paper
"The following paper will look briefly at how my attitudes towards poverty have changed after reading the first four chapters of our course textbook. Specifically, I will explore some of the misconceptions I had prior to joining the course and I will also detail how this course has made me re-consider my hitherto unshakeable faith in globalization and in free markets. I will also delve into what I think it means for Canada that so many groups and individuals are poverty-stricken and I will assert why it is that the GINI coefficient detailed on pages 45 and 46 of our textbook (a coefficient that looks at income inequality in Canada) is the most..."
Tags:poverty, policy, canada
Engineering Experiment on Friction
This paper tests the co-efficient of friction and how it differs when weight and surface type are changed.
Comparison Essay # 7230 |
1,000 words (
approx. 4 pages ) |
5 sources |
MLA | 2002
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$ 21.95
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Abstract
The following paper aims to find the force required to move blocks of different weights across different surfaces, thus finding a value for friction and comparing the results with that of a textbook and recording any differences. The conclusion found in this paper is that friction is directly proportional to the weight force applied and is measured in terms of the coefficient of friction, represented by the Greek letter mu (m).
From the Paper
"The coefficient of friction is the ratio of the frictional force present and the normal reaction to the mating surfaces and is represented as,
m = Ff - Rn
Rn = Normal reaction, weight force
Fn = Frictional force
But may also be worked out by dividing the force required in Kg by the weight of the object. Eg the force required to move a 25Kg object is 5Kg so to work out the coefficient of the object we would divide 5 by 25 to give a coefficient of 0.2.
Because of this the surface area of the block is independent to that of the coefficient and is not needed when determining a value for friction.
The coefficient of wood against wood is 0.35 giving a relatively low value for friction whereas rubber against concrete is 0.8 meaning it would be hard to slide rubber on concrete. The coefficient can be greatly reduced if a lubricant of some sort is applied in between the surfaces as it forms a layer preventing the bumps on the surfaces rubbing together making it easier to slide the objects past each other."
Tags:equipment, human, error, molecule