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Homework answers / question archive / 1)You are given the following time series data on the number of incorporations and the number of business failures in the United States: Year 1981 1982 1983 1984 1985 1986 1987 1988 Incorporations 581,242 566,942 600,400 634,991 622,047 702,738 685,572 685,095 Business Failures 16,794 24,908 31,334 52,078 57,253 61,616 61,622 57,099 a

1)You are given the following time series data on the number of incorporations and the number of business failures in the United States: Year 1981 1982 1983 1984 1985 1986 1987 1988 Incorporations 581,242 566,942 600,400 634,991 622,047 702,738 685,572 685,095 Business Failures 16,794 24,908 31,334 52,078 57,253 61,616 61,622 57,099 a

Economics

1)You are given the following time series data on the number of incorporations and the number of business failures in the United States: Year 1981 1982 1983 1984 1985 1986 1987 1988 Incorporations 581,242 566,942 600,400 634,991 622,047 702,738 685,572 685,095 Business Failures 16,794 24,908 31,334 52,078 57,253 61,616 61,622 57,099 a. Calculate the mean and the median for both incorporations and business failures. b. Calculate the sample variance for incorporations. c. Calculate the sample standard deviation for business failures. d. Calculate the coefficient of skewness for business failures. e. Calculate the covariance between Incorporations and Business Failures. f. Calculate the correlation coefficient between Incorporations and Business Failures.

2)Find a situation (a real-world situation or a fictional situation) with two or more parties of jurisdiction or interest over a specific project or policy (public/private partnership, intergovernmental). At least one of the parties needs to be a governing board or elected officials.

In 750-1,000 words, do the following:

  1. Explain the participants in the situation. (power involved, interest, requirement)
  2. Explain the difference between influence and negotiation among the parties.
  3. Recommend strategies to build the relationship between the parties in preparation for negotiation (at least one of the parties needs to be elected officials or a governing board)
  4. Recommend different techniques of negotiation the parties can utilize to get their interest or requirements met.
  5. Discuss how each party determines the value of what they are negotiating for and what they are willing to give up.
  6. Discuss what would make each party agree to a decision within a negotiation or leave the table (how much leverage does each party have).

3)Prove or disprove the statement: “The standard error estimate of the slope coefficient does not depend on whether you include an intercept or not in the OLS regression.” 

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1.Negotiations is one of the hardest task to do in the business because in the end you have to sacrifice something to get something. Influence and negotiation are two different terms with different meaning . Influencing means convincing or urging or debating all the tactics of persuasion whereas negotiating means questioning or exploring to create better understanding on both sides.

Strategy to build relationship between parties is one of the important factor which should never be ignored, Some relationship strategies between party are as follows :

1. Frequently communication are important

2. Organising special events

3. Building two way communication and avoid communication gap between parties.

As we know Negotiations are very tough and requires a lot of planning because if you are negotiating without proper preparation you have already lost and planning of negotiations contains some techniques let us look at these techniques :

1.timing is very important for negotiations you should always pay attention to the timing .

2. Never carry your ego while negotiating you should always leave your ego behind.

3. If you don't ask for something you will never get it . Keep your priorities first while negotiating.

You should always provide some leverage to the next party so that negotiations can be done easily. Both party should be willing to sacrifice something to get something if one is not willing to give up then the result of negotiations will be null and will often leads to disappointment because of failed negotiations .

2.The statement is disproved

Ordinary least square regression depends on the intercept because if the intercept is avoided, it will change the regression line and will change the entire error estimate. The intercept point cuts an axis and by avoiding this, the regression line will move from its location and this spoils the accuracy of the forecast.

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