Linear algebra

Objective (v) Seeks to estimates a supply response model for palm oil in Nigeria inclusive of price and non-price factors. In other to estimate the supply response for Nigeria palm oil production, the model of Ayanwale et al, (2011) was used, with slight modification. The supply equation is specified as a function of the production of palm oil, price of palm oil, price of competitive crop (soyabean), harvested area, rainfall in year t (mm) as climate element, interest rate, exchange rate, palm…

The Bronze Age in the Mediterranean Grecian regions was a time for exploration and war, trade and commerce, and ingenuity. Two monumental cultures with the evident demise influenced one another through economy, architecture, and logogram. The Minoans originated on the island of Crete, and their palace and administrative center titled Knossos. The Mycenaean culture, on the other hand, flourished on the mainland of Greece, in the palaces of Pylos and Mycenae. Both cultures thrived from maritime…

“Regression analysis is a very effective quantitative forecasting technique for short-, medium and long-range time horizons and can be easily updated.[i]” A simple linear regression model is a mathematical relationship between two quantitative variables, i.e. X and Y. Y is the variable we seek to predict based on the other variable X, for which we have information. Regression can predict Scanim’s personnel requirements for inbound operators at varying levels of Chrysler auto sales. In…

identify risk factors and the impact to cost flow forecast in construction industry. Henry et al., (2012) in his paper discussed to develop a model to assess the impacts of identified risks to baseline cost flow using regression model. A multiple linear regression model were developed using identified risk factors and the periodic variability measurement. H.Odeyinka et.al. (2013) uses an artificial neural network back propagation algorithm to develop a model to identify the risk factors and…

words: formulation, standard form 5) Fractional relationships between variables are not permitted in the standard form of a linear program. Answer: TRUE Diff: 2 Page Ref: Ch 2 review Main Heading: Formulation and Computer Solution Key words: formulation, standard form 1 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 6) A constraint for a linear programming problem can never have a zero as its right-hand-side value. Answer: FALSE Diff: 2 Page Ref: Ch 2 review Main…

Linear Regression By p Nitin Feb 16, 2013 Linear Regression Definition states that it can be measured by using lines of regression. Regression measures the amount of average relationship or mathematical relationship between two variables in terms of original units of data. Whereas, correlation measures the nature of relationship between two variables. i.e.., positive or negative or uncorrelated. Regression is used for estimating the value of one variable if you know the value of other variable.…

Introduction to Regression Analysis Student Name Institution Regression analysis has been employed as serious evidence by lawyers and other individuals in the legal field. For instance, in the 1964 Civil Rights Act under Title VII, it was used to prove contract actions damages, biasness with regard to race in litigating death penalties and others. The difference between multiple and simple regression is that for multiple regression, earnings are affected by much more factors in…

Multiple Regression Analysis Question 1 The overarching objective is to assess the demographic variables that influence the perceptions of faculty members toward the organizational justice. In particular, the demographic variables include the occupation of the faculty members, rank, experience, and size. Various analyses are performed on the data, including descriptive and inferential analysis. Notably, the measures for occupation, rank, and the perceptions of faculty members are categorical…

THEORETICAL FRAMEWORK AND RESEARCH METHODOLOGY In this chapter, the theoretical framework for the study and its methodology are presented here. Basically, it contains the model specification, model estimation techniques and sources and nature of data. The sample periods of the study span from 1980 to 2013. It is a period of 34 years. 3.1 THEORETICAL FRAMEWORK Remittances are income transfers likely to affect wages and employment both at the household and macroeconomics levels. If leisure is…

This topic addressed various problems that arise in the business industry and how to resolve problems through choosing the appropriate forecasting model and techniques for a given situation. One major problem could be determining which forecasting model should a new startup company use when they have insufficient data. Another common problem that is faced by large companies involves separating out critical information from other irrelevant data to generate profitable forecasts. Also, deciding on…