Which_of_the_following_situations_would_be_considered_cyclical

Which of the following situations would be considered cyclical unemployment?

Choose one or more:

A. A college instructor’s contract is not renewed, because more people are taking online classes and the college does not need as many classroom instructors.

B. A worker on the assembly line at Ford is laid off due to a drop in car sales brought on by a weak economy.

C. A recent college graduate cannot find a job, despite excellent qualifications. The news media reports that there are not enough jobs to go around.

D. A typewriter repair shop closes, citing lack of business. The owner is quoted as saying, “We haven’t had a customer in weeks. It has something to do with people using computers.”

E. A friend wins the lottery and quits working. He says he will never work again.F. Another friend is taking a trip around the world while she waits for another job offer. She has been offered six jobs but has not accepted any of them.

1.Correlation What results in your departments seem to be correlated or related (either causal or not) to other activities? How could you verify this? What are the managerial implications of a correlation between these variables?

2.Regression At times we can generate a regression equation to explain outcomes. For example, an employee’s salary can often be explained by their pay grade, appraisal rating, education level, etc. What variables might explain or predict an outcome in your department or life? If you generated a regression equation, how would you interpret it and the residuals from it?

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