...APPLIED BUSINESS RESEARCH AND STATISTICS Individual Assignment Research Essay Compare and Contrast Method Delphi Technique and Meta-Analysis Contents Abstract 2 Delphi Technique 3 Introduction 3 Background 3 Literature review 3 Meta-Analysis 7 Introduction 7 Background 7 Literature Review 8 Compare and contrast of Delphi technique and Meta-Analysis 10 Benefits 10 Limitations 12 Delphi technique 12 Meta-Analysis 13 Conclusion 13 References 15 Appendix “A” 18 Abstract This paper will elaborate as well compare two research methods, the Delphi technique and meta-analysis. This paper will compare factors like data type, source of data, cost, validity, skill required for research, level of understanding, accuracy of results, contingencies that might occur during research, use of tools, bias results and opportunity to replicate. During the course of the practice by different researchers, the limitations, advantages and disadvantages are taken into account and implementation of these methods in different areas of business are discussed. Delphi Technique Introduction According to Khayun, Ractham and Firpo (2012), the Delphi technique is a structured approach for reaching a consensus opinion among experts about future developments in any area that might affect a business. Delphi technique is a technique of collecting opinions about the future and evaluating the likelihood of an outcome or situation. It is a multistep process in which experts answer a list...
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...Lanka has increased the amount of data available to track and predict trends in public opinion. As described the use of Social Media data to forecast elections has become increase since the start of the current decade. By understanding the public opinion about ongoing election will be used for the election candidates as well as for the voters. Because of these reason analyzing public opinions before the election, can forecast the results. The forecasted results can be used for the candidates for their own goods. As an example if the public giving their opinion in negative way for the particular candidate, candidates can identify the current opinion by analyzing the public options and do the campaign in better way. Same as the voters get to know the overall public opinion of the candidates and can do their voting for candidates who is having positive opinion from public. OVERVIEW OF the Solution Social media platforms have become an important site for political conversations throughout the world. By using automated real-time sentiment analysis of this public opinion data can provide fast indications of changes in opinion, showing for example how an audience reacts to particular candidate’s statements during an election period. Sentiment analysis is a new area in text analytics where it focuses on the analysis and understanding of the emotions from the text patterns. This new form of analysis has been widely online marketing area. From this project, trying to implement the application...
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...Trial and Plea Bargain The criminal justice system today has attributed to it a notion of it being a system “…of pleas, not a system of trials,” (Franze, A., Jeremy, M., 2012). This fact of the pervasiveness of plea bargaining in the legal system is commonly known, and subsequently one of the shared opinions of five of the four justices that ruled on the companion cases: Lafler v. Cooper, and Missouri v. Frye. To even further illustrate this point, “In the state courts in large cities in 2006, 95 percent of all convictions for felony defendants came through guilty pleas rather than trials; in federal courts in 2010, the proportion was 97 percent.” (Baum, 2013). These statistics should solidify the grounds of how prevalent plea-bargaining is in the legal system, as opposed to taking cases to trail. Subsequently, some judges specifically encourage plea-bargaining, and sometimes remand that plea-bargaining occur if it already hasn’t (Baum, 2013). The importance of plea-bargains in the criminal justice system can not be overstated. Keeping this in mind, the sixth amendment provides individuals the right to adequate and subsequently competent counsel during a trial. This concept has recently, in May of 2012, been extended to plea-bargaining along with trails. In May of 2012 the supreme court ruled on two cases that would create a precedent for many future cases involving plea deals. Lafler v. Cooper was a case in which the defendants’ attorney provided bad legal advice...
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...Legal Environment Answers to Learning Objectives/ For Review Questions at the Beginning and THE END OF THE CHAPTER NOTE THAT YOUR STUDENTS CAN FIND THE ANSWERS TO THE EVEN-NUMBERED FOR REVIEW QUESTIONS ON THIS TEXT’S WEB SITE AT WWW.CENGAGE.COM/BLAW/BLT. WE REPEAT THESE ANSWERS HERE AS A CONVENIENCE TO YOU. 1A Sources of Law Primary sources of law are sources that establish the law. In the United States, these include the U.S. Constitution and the state constitutions, statues passed by Congress and the state legislatures, regulations created by administrative agencies, and court decisions, or case law. 2A COMMON LAW TRADITION Because of our colonial heritage, much of American law is based on the English legal system. In that system, after the Norman conquest, the king’s courts sought to establish a uniform set of rules for the entire country. What evolved in these courts was the common law—a body of general legal principles that applied throughout the entire English realm. Courts developed the common law rules from the principles underlying judges’ decisions in actual legal controversies. 3A Precedent Judges attempt to be consistent, and when possible, they base their decisions on the principles suggested by earlier cases. They seek to decide similar cases in a similar way and consider new cases with care, because they know that their conflicting decisions make new law. Each interpretation becomes part of the law on the subject and serves as a legal precedent—a...
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...The Strategies of Conversation between the Radio Announcers and Their Listeners using Conversation Analysis Theory (A Case Study in MGT FM Bandung) By: Ganjar Nugraha CHAPTER I INTRODUCTION 1.1 Background of Problem In life, as a social being, people need to interact and integrate with other people in a society. In order to interact and integrate, then people need to communicate, one of the most significant tools to communicate is called language. “Language is a system of arbitrary vocal symbols which permits all people in a given culture, or other people who have learned the system of that culture, to communicate or to interact” (Finocchiaro, 1974:3). By means of languages, people are able to convey the feelings, the thoughts in mind, and the messages, so that the people can interact with each other. Language constitutes paramount medium for communication in people’s life. “Language plays a great part in human life. (Bloomfield, 1995:3). So, through language, people can interact with each other. One purposes of language is to communicate. “One form of communication is the interaction between speakers” (Lubis, 1988:10).The interaction includes the way speaker to convey meaning and express feeling, also how people do with words and utterances and then form good sentences to be sent to other speakers. To avoid misunderstanding between the speakers, they usually try to convey the messages hard and find another way or strategy to convey the messages. Sometimes, when...
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...Journal of Business Economics and Management ISSN: 1611-1699 (Print) 2029-4433 (Online) Journal homepage: http://www.tandfonline.com/loi/tbem20 Evaluation of some business macro environment forecasting methods Vulfs Kozlinskis & Kristine Guseva To cite this article: Vulfs Kozlinskis & Kristine Guseva (2006) Evaluation of some business macro environment forecasting methods, Journal of Business Economics and Management, 7:3, 111-117 To link to this article: http://dx.doi.org/10.1080/16111699.2006.9636131 Published online: 14 Oct 2010. Submit your article to this journal Article views: 1769 View related articles Citing articles: 1 View citing articles Full Terms & Conditions of access and use can be found at http://www.tandfonline.com/action/journalInformation?journalCode=tbem20 Download by: [86.20.58.206] Date: 10 November 2015, At: 14:42 Journal of Business Economics and Management 2006, Vol VII, No 3, 111117 ISSN 1611-1699 EVALUATION OF SOME BUSINESS MACRO ENVIRONMENT FORECASTING METHODS Vulfs Kozlinskis1, Kristine Guseva2 Riga International School of Economics and Business Administration (RISEBA), Meza iela 1, k. 2, LV-1048 Riga, Latvia E-mail: 1Vulfs@rsebaa.lv, 2 kris@rsebaa.lv Downloaded by [86.20.58.206] at 14:42 10 November 2015 Received 06 03 2006; accepted 28 04 2006 Abstract. Latest studies in the field of business macro environment (BME) assessment and forecasting have been undertaken and successfully implemented...
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...Opinion Mining Using Econometrics: A Case Study on Reputation Systems Anindya Ghose Panagiotis G. Ipeirotis Arun Sundararajan Department of Information, Operations, and Management Sciences Leonard N. Stern School of Business, New York University {aghose,panos,arun}@stern.nyu.edu Abstract Deriving the polarity and strength of opinions is an important research topic, attracting significant attention over the last few years. In this work, to measure the strength and polarity of an opinion, we consider the economic context in which the opinion is evaluated, instead of using human annotators or linguistic resources. We rely on the fact that text in on-line systems influences the behavior of humans and this effect can be observed using some easy-to-measure economic variables, such as revenues or product prices. By reversing the logic, we infer the semantic orientation and strength of an opinion by tracing the changes in the associated economic variable. In effect, we use econometrics to identify the “economic value of text” and assign a “dollar value” to each opinion phrase, measuring sentiment effectively and without the need for manual labeling. We argue that by interpreting opinions using econometrics, we have the first objective, quantifiable, and contextsensitive evaluation of opinions. We make the discussion concrete by presenting results on the reputation system of Amazon.com. We show that user feedback affects the pricing power of merchants and by measuring their pricing...
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... (SASTRA UNIVERSITY) SCHOOL OF COMPUTING ANALYSIS ON WEB DATA-OPINION MINING BATCH NO:07 GUIDED BY:Dr.B.SAN ACKNOWLEDGEMENT I have immense pleasure in expressing my heartfelt thanks to our Honourable Vice Chancellor Prof. R. Sethuraman for the benevolent advice and guidance during my tenure in the college. I wish to express my profound gratitude to Dr. S. Vaidhyasubramaniam, Dean of Planning & Development, Dr. S. Swaminathan, Director of CeNTAB and Prof....
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...Table of Contents 2 Executive Summary 4 3 Situation analysis 5 3.1 Company overview 5 3.2 Evaluation of Process Management approach at D2D 6 3.3 Evaluation of Just in Time (JIT) techique 10 3.4 Benchmarking 11 3.5 SWOT Analysis 12 4. RECOMMENDATIONS 13 Creating a value system: 14 Development of a Strategy Map 15 Reviewing the Organisational Strategy 15 Organisational Performance 16 5. Conclusion 18 6. Bibliography 19 EXECUTIVE SUMMARY The author conducted a situation analysis for D2D through analysing the approach to process management followed by D2D as well as the quality improvement techniques used by D2D. The analysis revealed the following: * Process Management at D2D- The approach followed by the company is very effective as every process is controlled and measured. This is applicable to all areas within D2D. However, the author is of the opinion that D2D should avoid implementing to many control systems to avoid their employees losing focus. It was also not clear what D2D’s market strategy; if any entails. * Just in Time (JIT) technique – The author found that certain elements such as Lead time reduction; flexible workforce and the required supplier quality assurance and implement a zero defects quality programme were being implemented at D2D. The author is however of the opinion that this is sufficient and that there is no need for D2D to implement additional elements of JIT. * Benchmarking – The assessment showed that D2D is very...
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...Forecasting Methods Genius forecasting - This method is based on a combination of intuition, insight, and luck. Psychics and crystal ball readers are the most extreme case of genius forecasting. Their forecasts are based exclusively on intuition. Science fiction writers have sometimes described new technologies with uncanny accuracy. There are many examples where men and women have been remarkable successful at predicting the future. There are also many examples of wrong forecasts. The weakness in genius forecasting is that its impossible to recognize a good forecast until the forecast has come to pass. Some psychic individuals are capable of producing consistently accurate forecasts. Mainstream science generally ignores this fact because the implications are simply to difficult to accept. Our current understanding of reality is not adequate to explain this phenomena. Trend extrapolation - These methods examine trends and cycles in historical data, and then use mathematical techniques to extrapolate to the future. The assumption of all these techniques is that the forces responsible for creating the past, will continue to operate in the future. This is often a valid assumption when forecasting short term horizons, but it falls short when creating medium and long term forecasts. The further out we attempt to forecast, the less certain we become of the forecast. The stability of the environment is the key factor in determining whether trend extrapolation is an appropriate forecasting...
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...New Analysis Affordable Healthcare Act Com/310 Abstract This paper will explore three published news reports on different opinions regarding the new Affordable Health Care reform Obamacare. The analysis will be from three different news channels all regarding the same issue. The report however varies in their opinions for how each new station feels towards the new Affordable Health Care. Fox news does not agree with anything in terms of Obamacare, the station is completely against it and have nothing positive to say in regards to the new plan. MSNBC News on the other hand thinks the new healthcare is great and is working fine. CNN News is in the middle, thinks the new plan could use work, but in the long run thinks it will work out just fine. This paper will examine each news stations to suggest the stations opinions on Obamacare. Fox News Analysis Obamacare Fox News has thought Obamacare has been an issue since day one, in recent news they covered a story, “President ignores Obamacare horror stories as human, financial cost pile up”. According to Bent Bozell III (2014 Fox News) the Obama administration and many in the Democratic Parties are trying to peddle the story that Obamacare is now working because the healthcare.gov website is functioning better. Fox News claims for each success there are countless failures. The cost of empty promises and outright lies is enormous bit in human and in financial terms. Fox News claims what these people are experiencing is exactly...
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...Chapter 1 1. What is information systems analysis and design? Information systems analysis and design is a method used by companies ranging from IBM to PepsiCo to Sony to create and maintain information systems that perform basic business functions such as keeping track of customer names and addresses, processing orders, and paying employees. The main goal of systems analysis and design is to improve organizational systems, typically through applying software that can help employees accomplish key business tasks more easily and efficiently. 8. What is JAD? What is participatory design? JAD is a structured process in which users, managers, and analysts work together for several days in a series of intensive meetings to specify or review system requirements. The idea behind JAD is to structure the requirements determination phase of analysis and the reviews that occur as part of the design. Users, managers, and systems developers are brought together for a series of intensive structured meetings run by a JAD session leader. By gathering the people directly affected by an IS in one room at the same time to work together to agree on system requirements and design details, time and organizational resources are better managed. Group members are more likely to develop a shared understanding of what the IS is supposed to do. Chapter 2 3. What is an RFP, and how do analysts use one to gather information about hardware and system software? An RFP is a document provided...
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... | |BTEC Higher National Diploma in Business – Level 5 | | | |Unit 53: Study and Communication Skills for Business Credit Value: 15 | | | |Assignment: Developing reading strategies, listening techniques, and producing a written analysis. | | | |Tutor: Date Set: 19th May 2014 | | | | | |Learner’s Name: | ...
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...its activities. Scanning may be active or passive. Passive scanning is what most people do when they read journals or newspapers. (Methods and Approaches of Futures Studies) Judgmental Method Judgmental Forecasting is the most common method of actual Forecasting. especially when the decision to be undertaken is critical and exact data required is unavailable or unreliable. Such methods are particularly useful when historical data is scarce. This method is used when the forecaster views himself as an expert in the area. Judgmental Forecasting may be based on theory and/or actual analysis of data, but, no formal decision rule exists to lead to ultimate forecast. It is sometimes argued that subjective analysis is useful in times of structural change as statistical methods are too slow to pick up the change .These methods rely on expertise and intuition, rather than on statistical analysis of historical data. (Garrett & Leatherman) Genius forecasting This method is based on a combination of intuition, insight, and luck. Psychics and crystal ball readers are the most extreme case of genius forecasting....
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... | из них:продолжающаяся форма обучения | Аудиторные занятия | | | Онлайн занятия | | Лекции | 2 | | | | Семинары, | | | Самостоятельная работа студента | 50 | практические занятия | 2 | | | | Приложение № 2 Шаблон тематического плана учебной программы для бакалаврских программ смешанной формы обучения Тематический план № | Название темы курса или занятия | Постоянная форма | Продолжающаяся форма | | | Кол-во часов | Кол-во учеб. недель | Кол-во часов | | | Лекции | Семинары, практ-кие занятия | | Лекции | Установочныеауд. семинары, практкие занятия | Онлайн занятия | Ауд. семинары, практ-кие занятия | 1. | Introduction to Legal Terminology | 2 | | | 2 | | | 2 | 2. | Main legal systems | 2 | 2 | | | | | | 3. | Types of legal documents | 2 | | | | | | | 4. | Styles of legal writing | 2 | 2 | | | | | | 5. | Case...
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