This is due to the fact that the economy of the United States will not only be a driving factor for the prosperity of the population of the nation but also have a global impact as many developing countries…
Download file to see previous pages...
s sustainable development through the prospering of economy is the key ideology of the United States because sustainable development is the road map to justify the economical growth. This means poverty issues, minimum wage rate and new employment would be the key factors to determine the prosperity of lifestyle of the population for any nation in the long run (Corsetti et al, 2011).
The decay of economic growth in the United States has been believed to be of a product of different factors like unemployment rate, consumer price index and inflation control. The economical theory of any healthy market is to keep the flow of capital in the market and it would get stagnated or decline with reduced household disposable income, increased consumer price index and decreased wage rates and employee compensation(Corsetti et al, 2011). The various factors may be reviewed as under:
i. GDP & Consumption: Gross Domestic product specifies the market value of the total accepted and recognized final commodities produced over a given time. It represents government spending, exports and consumption. Consumption the largest component of GDP includes the private or household expenditure on goods and private investments also. Investments indicate how the industries invest on manpower and machinery which might act to reduce unemployment and encourage cash flow and production. Increased household expenditure also means that people have the buying power and are maintaining that in spite of inflation.
ii. Inflation & Wage rates: refers to the general price of the commodities and services in an economy over time. This means when inflation raises purchasing power of unit money will fall and unless the wage rate increases it will be difficult to purchase the same service over time(Corsetti et al, 2011)( Devereux et al, 2003).
Econometric and Social analysis are done by time series data points. Time series is an array of data points which are measured at uniform time intervals to calculate
...Download file to see next pagesRead More
Monthly average number of check-ins has the positive impact on the manhours such that for 1 extra man hour, 1.80 check-in are required. The coefficient for weekly hours of service desk opreration is 0.59 which causes an additional manhour. The common use area has a negative impact on the manhours as every 21.48 square feet will reduce one manhour.
Statistics can as well be considered as a mathematical body that pertains to the collecting, analyzing, interpretation, and presenting of data. Because of having empirical roots with the focus on applications, it is also considered as a distinct mathematical science but not just a branch of mathematics.
Here two scatter diagram can be used to find out what kind of correlations exist (I) between output per worker in the mining industry and the number of working hours and (II) between output per worker in the mining
There exist two types of validity, internal validity and external validity. The two types of validity have both similarities and differences with their major similarity being their scope. Both internal validity and external validity
This assignment is going to develop a model for the estimation of GDP per capita depending on the values of exports and foreign direct investment (FDI). The above description implies that, in this case, GDP per capita is the dependent
conclusion which later are used to make rational decisions, clear things out or expand human knowledge and understanding of underlying phenomenon (Osborne & Waters, 2002). In this case, how a country engages in international trade through imports and exports is one area that
This data is a time series data where the emissions of pollutants (in thousands of tonnes) have been recorded from 2000 to 2009 from various constructional activities. Pollutants have been categorized into four categories- Greenhouse gases, Acid rain precursors, heavy
Social control denotes a form of regulation exercised by the authorities on groups of people or individuals to make them conform to a specific set of rules or social-legal parameters. In essence, social control is the key aspect behind
The necessary transformation in this regression process is the binomial transformation using “mylogit” function. The most important variable in this case is c.vol, because the estimated volume of prostate cancer is the
In this work, the focus is to employ various aspects of regression and correlation analysis to be able to explore how imports and export ratios affect the GDP of the UAE.The GDP values will take the Y axis (Independent variable) while the other two variants, X1 and X2 will be used as the dependent variables.
3 Pages(750 words)Statistics Project
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Statistics Project on topic Statistical regression for FREE!