Business and Economic Forecasting Research Paper

Business and Economic Forecasting - Research Paper Example ant to note here that increase in wage rates will also results in increase in the spending power of the consumers and consumers will be willing to pay more for the products, thus it can have some positive effect on the economy. On the other hand the increase in the transportation costs will have double fold negative impact on the economy as the consumers will have to also bear the increased in the transportation costs. Hence, there can be different economic scenarios during different economic times. For instance, during the economic boom the increase in wage rates will not have strong negative impact on the economy, as the people will be ready to pay more for the products. However, the increase in the transportation costs will negatively influence the economy. But the increase in wages will have greater overall effect on the economy. On the other hand during recession the increase in the wages will have less positive and more negative impact, as still people will be more inclined towards saving and hence will be reluctant to pay more for the products. Similarly the increase in the transportation costs will have negative influence on the economy. Hence, it can be said that the wages will have more effect on the state of the economy in different time periods. So the slope value of wages will be high as compared to that of the transportation costs in the multiple regression formula (Hoshmand, 2009). During regression analysis and evaluating regression models it is important to check that whether the regression model is efficient or not. For this purpose different tests and methods are used by the researchers. One method used in this regard is the R2 test. The researchers use The R2 test in order to check whether the forecasted values are closely related and associated with the original values or not. This means that the high value of R2 depicts that there are less or few errors and residuals in the regression model. If the value of R2 is closer to one it means that

Wal-Mart v. Dukes, Essay Example | Topics and Well Written Essays - 750 words

Wal-Mart v. Dukes, - Essay Example After numerous legal proceedings, the US court ruled in favor of the firm, an action that caused uproar within the US, thereby having significant impacts to the US business, with its rippling effects resonating for years to come. It is unlawful to mistreat employees based on miscellaneous unjustified features such as gender, race or cultural affiliation. Firms ought to implement policies such as efficiency, and skills in promotion of their employees (Copeland & Labuski, 2013). Additionally, equal prospects in the training of employees are significant. As such, owing to diverse similar cases, impacts on both the employers and the employees are severe. Such instances have adverse effects to employee motivation, thereby reducing their efficiency. I believe that the court ruling was erroneous (Copeland & Labuski, 2013). Besides, owing to the case, the firm may have experienced numerous losses, since the remaining employees may have experienced indirect impacts, owing to the reduction of the workforce. Established firms such as Wal-Mart ought to adhere to the implemented labor laws in their appraisal of employees, thereby eliminating recurrence of such instances. However, the firm may justify itself owing to the misconception that male employees tend to be more efficient. This misconception continues to be irrelevant since numerous female employees continue to prove even more efficient as compared to their male counterparts (Martens, 2012). Additionally, diverse labor unions have continually protested against Wal-Mart Stores, thereby criticizing it over the alleged abuse of the labor laws and accusations of gender and racial discriminations (Copeland & Labuski, 2013). It is also apparent that these women continually underwent dissimilar circumstances such as the low pay owing to their gender (Martens, 2012). Additionally, the promotion of the male employees was critically unjustified. The management Wal-Mart Stores failed to incorporate