Consumption and Saving * Intertemporal decision concerns the problem of allocating resources across time. For example, deciding how much to consume today can have implications for how much will be available to consume tomorrow * Model economy consists of a representative household that lives for two periods (the entire duration of the economy). Each household has preferences defined over time-dated output (in the form of consumer goods and services). Let (c1, c2) denote an individual’s lifetime
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cluster analysis to the various attitudinal measures, participants are segmented according to their pro-social and technology-oriented inclinations and some conclusions as to the characteristics of EV consumers are presented. Abstract Climate change programmes around the globe are relying heavily on the electrification of transport, especially private battery electric vehicles and plug-in hybrids (‘EVs’). These are novel technologies of which mainstream consumers have very little experience and
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foresee what is likely to come and to analyze the repercussions of past behavior. The analysis of time series enables us to understand the past behavior or performance. Time series analysis can be used to know how the data changes over time and find out probable reasons for such change. UTILITY OF TIME SERIES ANALYSIS Analysis of time series is of relevance whenever a variable is found to vary over time. Variable such as Sales, Production, Profit, Population and Employment opportunity assume different
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ABSTRACT In sociolinguistics, approaches that use the variables of socioeconomic class and social network have often been thought to be irreconcilable. In this article, we explore the connection between these variables and suggest the outlines of a model that can integrate them in a coherent way. This depends on linking a consensus-based microlevel of network with a conflict-based macrolevel of social class. We suggest interpretations of certain sociolinguistic findings, citing detailed evidence from
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A Seasonal ARIMA Model With Exogenous Variables (SARIMAX) for Elspot Electricity Prices in Sweden Mengchen Xie University of Southern California Department of Mathematics 1230 1/2 W27TH Street, 90007 Los Angeles, USA mengchenxie@gmail.com Abstract—In a spot market, price prediction plays an indispensable role in maximizing the benefit of a producer as well as optimizing the utility of a consumer. This paper develops a seasonal ARIMA model with exogenous variables (SARIMAX) to predict day-ahead
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Article review- Institutional Determinants of Labour Reallocation in Transition. Tito Boeri and Katherine Terrell This paper analyses the transition process from centrally planned to market economies and focus on analysis of interaction between institutions and structural change process. Paper focuses more on reallocation of labour. It also analyses and finds explains that how central and eastern Europe is different in the transition process and reallocation of the labour. During the initial
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Journal of Financial Economics 49 (1998) 283—306 Market efficiency, long-term returns, and behavioral finance Eugene F. Fama* Graduate School of Business, University of Chicago, Chicago, IL 60637, USA Received 17 March 1997; received in revised form 3 October 1997 Abstract Market efficiency survives the challenge from the literature on long-term return anomalies. Consistent with the market efficiency hypothesis that the anomalies are chance results, apparent overreaction to information is about
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PESTLE Analysis There are certain factors in macro-environment that could affect decision making and strategies of organizations. Sudden Changes in Tax, Imposition of Laws, Increasing or Reducing Trade Barriers, Cultural & Demographic Changes and Changes in Political Environment & Government Policy are some of the key examples of macro environment. These changes could bring certain positives as well as negatives for every business. PESTEL (Political, Economic, Social, Technological, Environmental
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2 2.1 The General Environment The General Environment 2.2 Scanning, Monitoring, and Forecasting Changes in the Environment 2.3 Scenario Planning 2.4 PEST Analysis 2.5 SWOT Analysis 2.6 The General and the Competitive Environments Key Work Strategic decision making under conditions of uncertainty Key Work Strategic inflection points and their impact on strategy Tools and Techniques Writing a PEST analysis Tools and Techniques Undertaking scenario planning ➜ Main
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reformulated asset pricing model based on contrarian strategies Zhongzhi (Lawrence) He Faculty of Business, Brock University, St Catharines, Canada, and Reformulated asset pricing model 185 Lawrence Kryzanowski John Molson School of Business, Concordia University, Montreal, Canada Abstract Purpose – Researchers have proposed characteristics-based pricing models as an alternative to risk-based pricing models. While supported empirically, these characteristic-based models lack theoretical support
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