Preface In our data analysis we do some univariate analysis before proceeding to models. In survival analysis it is highly recommended to look at the Kaplan-Meier curves for all the categorical predictors. This will provide insight into the shape of the survival function for each group and give an idea of whether or not the groups are proportional. We also consider the tests of equality across strata to explore whether or not to include the predictor in the final model. For the categorical variables
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Supply and demand is considered a basic economic concept, as well as a vital part of a free market economy. In whereas supply is the amount of something, such as a product or service, demand is the amount of the product or service that buyers want to purchase. The relationship between supply and demand has a good deal of influence on the price of goods and services. In the scenario, a number of factors, including price increases or decreases, cause change in supply and demand. For example, a decrease
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Thinking big is all the rage these days with U.S. money managers. Many are hiring high-profile economists to help them better navigate global economic and geopolitical events. Hedge funds and other institutional investors are tapping so-called macro thinkers like economists Martin Feldstein, Henry Kaufman and former Federal Reserve Chairman Alan Greenspan at a time when fundamental analysis is often being overwhelmed by big-picture political and governmental risks. This year alone, hedge fund
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One explanation for the transitioning from the classical school of thought to the adaptation of latter economic theories is the development of economics itself. Classicism brought about a new and more dynamic way of analyzing relationships with an emphasis on interest rates, capital, trade, and government. The classical school dominated the field of economics from the late 1700’s to the mid to late 1800’s and the expansion of economics from existing as a mere subject to evolving into a science that
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1. Suppose a market basket of goods and services includes the goods below for two successive years. What is the consumer price index for 2011? Explain. Good/Service | Quantity | 2010 Unit Price (Base Year) | 2011 Unit Price (Current Year) | Milk | 10 | $2.00 | $2.50 | Bread | 5 | $2.50 | $3.00 | Blue Jeans | 3 | $21.50 | $25.00 | CPI = [Total Cost in this Period (2011) ÷ Total Cost in Base Period (2010)] × 100 CPI= $115 ÷ $97 = 1.19 × 100 = 119 The value of 2011’s consumer index is approximately
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Introduction: Ahmedabad is one of the largest cities and was once the former capital city of Gujarat state. It is the administrative head quarter of Ahmedabad district and is the judicial capital of Gujarat as the Gujarat High Court is located in the city. The population of the city is more than 5.8 million and has population of 6.3 million; it is said to be the fifth largest city and seventh largest metropolitan city of India. It was ranked third in Forbes' list of fastest growing cities of the
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Practical Exercise on TRADE MAP PART I: GETTING TO KNOW TRADE MAP IDENTIFYING THE HS OF THE PRODUCT Identify the harmonized system code of the product you want to focus on. Name of the product: Potatoes Provide the harmonised system (HS) code for both the product group and product in question Note: To avoid ambiguities throughout your analysis, it is important to ensure that the description and corresponding trade classification, or tariff code is correct. 4-digit HS: 0702 6-digit HS: 070200
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Pros and Cons of Economic Growth Fostering economic growth remains at the heart of any national government’s agenda. As such, governments have embraced numerous strategies aimed at promoting economic growth, such as forging alliances, signing business treaties, and becoming members to business alliances. Economic growth refers to an increase in a country’s real Gross Domestic Product (GDP) or the value of the country’s national expenditure or output. While increasing economic growth has several
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A Framework for Marketing Management, 5e (Kotler) Chapter 18 Managing Marketing in the Global Economy 1) What is a global firm? A) A firm that operates in one country and exports its goods and services to foreign countries. B) A firm that operates in more than one country and has a sales and marketing staff in those countries. C) A firm that operates in more than one country and captures R&D, production, logistical, marketing, and financial advantages not available to purely domestic competitors
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Chapter 01 What is Statistics? True / False Questions 1. A population is a collection of all individuals, objects, or measurements of interest. True False 2. A sample is a portion or part of the population of interest. True False 3. To infer something about a population, we usually take a sample from the population. True False 4. The techniques used to find out something about a population, such as their average weight, based on a sample are referred
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