Monday, April 6, 2020
The Beginning Of Human Flight Essays - Aviation, Aeronautics
The Beginning Of Human Flight The Beginning of Human Flight The Wright Brothers were interested in flying since their childhood. Bishop Wright, their father, gave them a toy helicopter when they were young and ever since they have been interested in aviation. The Wright Brothers are famous for their invention of the airplane, or the flying machine as it was called then. The first flight of the plane occurred on December 17, 1903. This was just the turn of the century, yet the Wright Brothers invented something that would last forever. This was in fact the case. This flight would spark a race of technology that has taken us from into the air to flying into space. This also launched the aviation and the space age. The airplane is a major role in the world. The plane made traveling overseas easier and quicker. The plane was a useful tool in both of the World Wars. The airplane was a major part of the weapon and attacking strategy for all the countries with this technology. They say the Wright Brothers borrowed ideas of others in order to reach their goal. It doesnt matter because they accomplished their desire to fly. Today aircraft are truly monsters compared to the Wright Flyer. The invention of the plane changed the world as we know it. It erased miles and brought people closer together, and uniting and diversifying the world as we know it. It went from novel toy for the daring to a tool of destruction. It brings life saving food, medical supplies, and clothing to those in need. It can carry us to any point on the globe and bring us back. The Wright Brothers had a dream and the made it happen. No matter how many times they were told no it wouldnt work, they kept going and climbing to be the best and to fly. The research on the Wright Brothers was conducted mostly at Joyner Library. Also some of the information was obtained from the Internet. Joyner Library had most all the information on the Wright Brothers there is. Newspaper from the 1903 on microfilm were read to see the first hand accounts from that time. Books were read to get the second hand accounts. The picture from the Internet were very important on creating the exhibit. The exhibit was created by showing the things that evolved and the changes that occurred by the invention of the plane. History Essays
Monday, March 9, 2020
Thomas Macdonough in the War of 1812
Thomas Macdonough in the War of 1812 A native of Delaware, Thomas MacDonough became a noted officer in the US Navy during the early part of the 19th century. From a large family, he followed an older brother into the service and obtained a midshipmans warrant during the final months of the Quasi-War with France. MacDonough later saw service in the First Barbary War where he served under Commodore Edward Preble and took part in the daring raid which burned the captured frigate USS Philadelphia (36 guns). Shortly after the start of theà War of 1812, he received command of American forces on Lake Champlain. Building fleet, MacDonough won a decisive victory at the Battle of Plattsburgh in 1814 which saw him capture the entire British squadron. Early Life Born December 21, 1783 in northern Delaware, Thomas MacDonough was the son of Dr. Thomas and Mary McDonough. A veteran of the American Revolution, the senior McDonough served with the rank of major at the Battle of Long Island and was later wounded at White Plains. Raised in a strict Episcopal family, the younger Thomas was educated locally and by 1799 was working as a store clerk in Middletown, DE. At this time, his elder brother James, a midshipman in the US Navy, returned home having lost a leg during the Quasi-War with France. This inspired MacDonough to seek a career at sea and he applied for a midshipmans warrant with the aid of Senator Henry Latimer. This was granted on February 5, 1800. Around this time, for unknown reasons, he changed the spelling of his last name from McDonough to MacDonough. Going to Sea Reporting aboard USS Ganges (24), MacDonough sailed for the Caribbean in May. Through the summer, Ganges, with Captain John Mullowny in command, captured three French merchant vessels. With the end of the conflict in September, MacDonough remained in the US Navy and moved to the frigate USS Constellation (38) on October 20, 1801. Sailing for the Mediterranean, Constellation served in Commodore Richard Dales squadron during the First Barbary War. First Barbary War While aboard, MacDonough received a thorough nautical education from Captain Alexander Murray. As the composition of the squadron evolved, he received orders to join USS Philadelphia (36) in 1803. Commanded by Captain William Bainbridge, the frigate succeeded in capturing the Moroccan warship Mirboka (24) on August 26. Taking shore leave that fall, MacDonough was not aboard Philadelphia when it grounded on an uncharted reef in Tripoli harbor and was captured on October 31. Without a ship, MacDonough was soon reassigned to the sloop USS Enterprise (12). Serving under Lieutenant Stephen Decatur, he aided in the capture of the Tripolitan ketch Mastico in December. This prize was soon refitted as USS Intrepid (4) and joined the squadron. Concerned that Philadelphia would be salvaged by the Tripolitans, the squadron commander, Commodore Edward Preble, began formulating a plan to eliminate the stricken frigate. This called for Decatur to sneak into Tripoli harbor using Intrepid, storming the ship, and setting it ablaze if it could not saved. Familiar with Philadelphias layout, MacDonough volunteered for the raid and played a key role. Moving forward, Decatur and his men succeeded in burning Philadelphia on February 16, 1804. A stunning success, the raid was termed the the most bold and daring act of the Age by British Vice Admiral Lord Horatio Nelson. Peacetime Promoted to acting lieutenant for his part in the raid, MacDonough soon joined the brig USS Syren (18). Returning the United States in 1806, he aided Captain Isaac Hull in overseeing the construction of gunboats at Middletown, CT. Later that year, his promotion to lieutenant was made permanent. Completing his assignment with Hull, MacDonough received his first command in the sloop of war USS Wasp (18). Initially operating in the waters around Britain, Wasp spent much 1808 off the United States enforcing the Embargo Act. Departing Wasp, MacDonough spent part of 1809 aboard USS Essex (36) before leaving the frigate to direct gunboat construction at Middletown. With the repeal of the Embargo Act in 1809, the US Navy reduced its forces. The following year, MacDonough requested leave and spent two years as the captain of a British merchant vessel sailing to India. The War of 1812 Begins Returning to active duty shortly before the beginning of the War of 1812 in June 1812, MacDonough initially received a posting to Constellation. Fitting out at Washington, DC, the frigate required several months of work before being ready for sea. Eager take part in the fighting, MacDonough soon requested a transfer and briefly commanded gunboats at Portland, ME before being ordered to take command of US naval forces on Lake Champlain that October. Arriving at Burlington, VT, his forces were limited to the sloops USS Growler (10) and USS Eagle (10). Though small, his command was sufficient to control the lake. This situation changed radically on June 2, 1813, when Lieutenant Sidney Smith lost both vessels near Ile aux Noix. Building a Fleet Promoted to master commandant on July 24, MacDonough began large a shipbuilding effort at Otter Creek, VT in an effort to regain the lake. This yard produced the corvette USS Saratoga (26), the sloop of war USS Eagle (20), the schooner USS Ticonderoga (14), and several gunboats by late spring 1814. This effort was matched by his British counterpart, Commander Daniel Pring, who commenced his own building program at Ile aux Noix. Moving south in mid-May, Pring attempted to attack the American shipyard but was driven off by MacDonoughs batteries. Completing his vessels, MacDonough shifted his squadron of fourteen warships across the lake to Plattsburgh, NY to await Prings next sortie south. Out-gunned by the Americans, Pring withdrew to await the completion of the frigate HMS Confiance (36). Showdown at Plattsburgh As Confiance neared completion, British forces led by Lieutenant General Sir George Prà ©vost began gathering with the intention of invading the United States via Lake Champlain. As Prà ©vosts men marched south, they would be supplied and protected by British naval forces now led by Captain George Downie. To oppose this effort, badly outnumbered American forces, commanded by Brigadier General Alexander Macomb, assumed a defensive position near Plattsburgh. They were supported by MacDonough who arrayed his fleet in Plattsburgh Bay. Advancing on August 31, Prà ©vosts men, which included a large number of the Duke of Wellingtons veterans, were hampered by a variety of delaying tactics used by the Americans. Arriving near Plattsburgh on September 6, their initial efforts were turned back by Macomb. Consulting with Downie, Prà ©vost intended to attack the American lines in force on September 10 in concert with a naval effort against MacDonough in the bay. MacDonoughs Plan Blocked by unfavorable winds, Downies ships were unable to advance on the desired date and were forced to delay a day. Mounting fewer long guns than Downie, MacDonough took a position in Plattsburgh Bay where he believed his heavier, but shorter range carronades would be most effective. Supported by ten small gunboats, he placed Eagle, Saratoga, Ticonderoga, and the sloop Preble (7) in a north-south line. In each case, two anchors were used along with spring lines to permit the vessels to turn while at anchor. After scouting the American position on the morning of September 11, Downie chose to move forward. The Fleets Engage Passing around Cumberland Head at 9:00 AM, Downies squadron consisted of Confiance, the brig HMS Linnet (16), the sloops HMS Chubb (10) and HMS Finch (11), and twelve gunboats.à As the Battle of Plattsburgh began, Downie initially sought to place Confiance across the head of the American line, but shifting winds prevented this and he instead assumed a position opposite Saratoga. As the two flagships commenced battering each other, Pring was able to cross in front of Eagle with Linnet while Chubb was quickly disabled and captured. Finch moved to take a position across the tail of MacDonoughs line but drifted south and grounded on Crab Island. MacDonoughs Victory While Confiances first broadsides did significant damage to Saratoga, the two ships continued to trade blows with Downie being killed when a cannon was driven into him. To the north, Pring opened fire on Eagle with the American vessel unable to turn to effectively counter. At the opposite end of the line, Preble was compelled to withdraw from the fight by Downies gunboats. These were finally halted by determined fire from Ticonderoga. Under heavy fire, Eagle severed its anchor lines and began to drift down the American line permitting Linnet to rake Saratoga. With most of his starboard guns out of action, MacDonough employed his spring lines to turn his flagship. Bringing his undamaged portside guns to bear, MacDonough opened fire on Confiance. The survivors aboard the British flagship sought to conduct a similar turn but became stuck with the frigates vulnerable stern presented to Saratoga. Incapable of further resistance, Confiance struck its colors. Pivoting Saratoga a second time, MacDonough brought its broadside to bear on Linnet. With his ship out-gunned and seeing that further resistance was futile, Pring elected to surrendered. Having gained the upper hand, the Americans proceeded to capture the entire British squadron. Aftermath MacDonoughs triumph matched that of Master Commandant Oliver H. Perry who had won a similar victory on Lake Erie the previous September. Ashore, Prà ©vosts initial efforts were delayed or turned back. Learning of Downies defeat, he elected to break off the battle as he felt any victory would be meaningless as American control of the lake would prevent him from being able to resupply his army. Though his commanders protested the decision, Prà ©vosts army began retreating north to Canada that night. For his efforts at Plattsburgh, MacDonough was hailed as hero and received a promotion to captain as well as a Congressional Gold Medal. In addition, both New York and Vermont presented him with generous grants of land. Later Career After remaining on the lake into 1815, MacDonough took command of the Portsmouth Navy Yard on July 1 where he relieved Hull. Returning to sea three years later, he joined the Mediterranean Squadron as captain of HMS Guerriere (44). During his time abroad, MacDonough contracted tuberculosis in April 1818. Due to health issues, he returned to the United States later that year where he began overseeing the construction of the ship of the line USS Ohio (74) at the New York Navy Yard. In this position for five years, MacDonough requested sea duty and received command of USS Constitution in 1824. Sailing for the Mediterranean, MacDonoughs tenure aboard the frigate proved brief as he was forced to relieve himself of command due to health issues on October 14, 1825. Sailing for home, he died off Gibraltar on November 10. MacDonoughs body was returned to the United States where it was buried in Middletown, CT next to his wife, Lucy Ann Shale MacDonough (m.1812).
Friday, February 21, 2020
Crime Prevention in Criminal Justice System Research Paper
Crime Prevention in Criminal Justice System - Research Paper Example There are a variety of methods that authorities use to deal with and prevent crime, the common one being incarceration of criminals in jails and other rehabilitation centers, which has not proved effective in Springfield. Therefore, to deal with crime on the long term, a risk-focused approach offers better results in that the method deals with possible factors that would lead to crime. Crime rates in Springfield, IL Springfield is one of the areas that lead in crime rates across US and has been ranked as the third most dangerous area in the entire country (Federal Bureau of Investigation, 2012). Springfield has a population of 206, 601 residents, one of the less populated metropolitan areas that have surpassed many areas in the level of reported crimes. In 2010, there were reported 855 violent crimes per 100,000 residents in Springfield IL, which made the metropolitan the third highest dangerous city in the US after Detroit and Memphis. Giuoffo noted that Springfield has an unemploym ent rate of less than the countryââ¬â¢s average of 7% as of July 2011, implying that unlike other areas, economy in the city may not be blamed for the high crime rate as the city is above average compared to many other cities. The metropolitan has a young population, that 66% of all residents are 44 years old or younger, which has been perceived as a contributing factor to the high crime rate (Giuffo, 2011). In addition, the city has high usage of methamphetamine, a prevalent drug across the area. All the same, a law was passed in the last few years that made it difficult to buy the drugs, which according to FBI has considerably reduced the crime rates (FBI, 2012). In addition to drug use, Springfield has a much poorer neighborhood in the cityââ¬â¢s suburbs that has been blamed for the high rate of crime in the metropolitan. Consequently, indications are that crime rates in Springfield have soared due to a young population, use of hard drugs and a poor neighborhood. Generally, Springfield, IL in 2011 had a total population of 210,802 residents with a crime rate of 711.6 per 100, 000 residents. The city had a lower murder rate at 4.3, with property crime rates, burglary and larceny theft recorded at 4,290.8, 1,118.1 and 3,034.1 per 100,000 residents respectively (FBI, 2012 Abilene in Texas has a population of 168,729 slightly less than Springfield with the rate of violent crimes recorded at 297.5 per 100,000 residents. Property crime in this area is highest at 3,029.7 per 100,000 residents with murder being the lowest at 3.0 per 100,000 residents (FBI, 2012). On the contrary, Alexandria, LA has a population of 155,330 residents with a crime rate of 662 per 100,000 residents. The highest crime in this area is property crimes at 4.050.7 and the lowest crime being murder at 5.0 per 100,000 residents. On the same note, Appleton in Wisconsin has a total population of 226,649 residents with the crime rate being 509.5 per 100,000 residents. The highest crime in the area is property crime at 4,271.3 with the lowest crime being murder at a relatively higher rate of 11.8 per 100,000 residents. Comparing this data to the national statistics, the national violent crime rate was at 386.3 per
Wednesday, February 5, 2020
LAB Essay Example | Topics and Well Written Essays - 500 words
LAB - Essay Example Also, in the earliest years of logging much of the work was done in the winter so that the logs could be moved on sleds. Per the previous question, there are two ways that logs were taken to the appropriate sawmills. The first it was by sled in winter or down the rivers. Although many Michigan men became wealthy in the logging industry the majority of the workers, like the lumberjacks made about $26 a month plus their room and board. This was not particularly much overall. Bare ground, abandon branches, and low lying stumps were all that was left behind after the loggers had left an area. The rivers no doubt suffered, they would have changed and been damaged from the constant use and devastation to the surrounding areas. These areas became had little protective groundcover and created immense fire hazards that often would threaten untouched woods and settled areas. So many people believed the propaganda being spread that the leads cleared by loggers was ideal for settlement and farming. For this reason many families spent all of the money they had on this land. However, the land was not fertile, the families could not pay their taxes, and the land became forfeit and given to the state. Ingham County was the first to be settled. The roads were little more than mud pits, uneven, and difficult to travel. Corduroy roads were roads made from logs, it most cases they were later replaced with planks roads, which were much smoother. The Michigan citizens in the 1960s and 1970s were concerned because the air quality was beginning to diminish, water pollution due to sewage and industrial waste. They began to take measures to improve and repair the damage being done to their home environment. The silo is a rounded tower-like building that is used for storing grains. Silage is the ââ¬Å"finely chopped cropsâ⬠that were fed to the farmerââ¬â¢s livestock (Michigan Historical Museum). A round
Tuesday, January 28, 2020
Comparison of Hes Just Not That Into You and 17 Again
Comparison of Hes Just Not That Into You and 17 Again People are always looking forward to watch romantic comedy movie as a way to spend time together with their beloved ones. In fact, romantic comedy is a general phrase for comedies that basically deal with the foolishness and misunderstanding of either young or middle aged lovers, in a light-hearted and happily manner which commonly inhibits serious parody. A typical plot of a romantic comedy is that two main characters, usually a man and a woman, come across, part away due to conflicts or other obstacles, then finally reunite. There are many options of romantic comedy movies to choose. The two romantic comedy movies which I choose to compare and contrast are ââ¬Å"Hes just not that into youâ⬠and ââ¬Å"17 Againâ⬠. Even though both movies have the same genre, that is romantic comedy, but they are different in terms of settings, story lines, and moral value. First and foremost, the settings of these two movies are different. ââ¬Å"Hes just not that into youâ⬠was set primarily in middle aged adult working environment at Baltimore, Maryland, USA where as ââ¬Å"17 Againâ⬠was set in teenager high school kind of environment at Los Angeles, California, USA. The characters present in the ââ¬Å"Hes just not that into youâ⬠were mainly middle aged working adults and ââ¬Å"17 Againâ⬠were teenagers and their parents. Secondly, the most obvious dissimilarity of these movies is the story lines. ââ¬Å"Hes just not that into youâ⬠is about a few characters struggling with ups and downs of their love lives in a complicated kind of way. At the centre of these multiple stories in one movie is Gigi, a young woman who repeatedly misunderstands the signs that men had given her about their level of interest in her. She got her advice from Alex, a bar owner who prides himself on perceiving the ins and outs of the dating scene. Gigis co-worker Janine found herself having difficulties in saving her marriage with her husband, Ben. On the other hand, Ben contemplated an affair with Anna, an attractive woman who was trying to make a career as a singer, from his wife. Another of Gigis friends at work, Beth, enjoyed a fruitful, healthy relationship with Neil, but soon storm clouds hover over them because he has no interest in getting married. In ââ¬Å"17 Againâ⬠, it is about an unhappy working man who h ad transformed into a 17 years old teen in order to solve his family problems regarding his teen children and wife. At the age of 17, Mike ODonell was a successful person. Scarlett revealed she was pregnant before his basketball championship. After their marriage, Mike, a working man, complained the life he lost. One night, he saw a janitor standing on a bridge and jumped in after him. When he returned to his friends house he realized he was 17 again. He decided to take this opportunity to save his marriage and fix his relationship with his two teenage children. Furthermore, another dissimilarity that can be seen in both of these movies is the moral value. The moral value for the first movie is that we should not be a greedy person. In the movie, Ben who had an affair with Anna without his wife knowing eventually lost two of them in the end. For the second movie, the moral value emphasize on we should carry out our own responsibility regardless whether we are in a good or bad situation. In the movie, a young Mike ODonell carried out his responsibility by marrying his girlfriend who was pregnant with his child when they were both 17 years old. Here are the three main differences between ââ¬Å"Hes just not that into youâ⬠and ââ¬Å"17 Againâ⬠. As we can see, they break down to setting, story line and moral value that can be learnt through watching the movie. In a nutshell, both movies have their pros and cons despite they have the same genre.
Monday, January 20, 2020
The Legend of Narcissus :: Greek Mythology
In Greek mythology, ââ¬Å"Narcissism" has its roots from the legend of Narcissus, a young man whom most deemed extremely handsome. A nymph named Echo developed an obsessive infatuation with Narcissus but he was unwilling to reciprocate such feelings to her or others. She finally gave up and isolated herself. Narcissus was then cursed to become socially isolated and reviled due to his complete self absorption by loving his own shadow from the pool (Wall & Loewenthal, 1998). Havelock Ellis (1898) first developed the concept of narcissism as a psychological construct referring to excessive masturbation by the people become their own sexual objects. Then this concept was adopted by Sigmund Freud (1914/1957) and other prominent psychoanalysts. Interestingly, the term ââ¬Å"Narcissistic Personality Disorderâ⬠was first introduced by Heinz Kohut (1968), the founder of self psychology, and ââ¬Å"Narcissistic Personalityâ⬠by Otto Kernberg (1970) who is the major contributor of modern object relations theory. The DSM did not adopt the diagnosis of Narcissistic Personality Disorder until in the third revised edition published in 1980 (Siomopoulos, 1988). Thus, throughout the last century, the general term ââ¬Å"narcissismâ⬠has been usually seen in the literature rather than Narcissistic Personality Disorder. From a recent study by Pincus et al. (2009), narcissism has been conceptualized as ââ¬Å"oneââ¬â¢s capacity to maintain a relatively positive self-image through a variety of self-, affect- and field-regulatory processes. It underlies individualsââ¬â¢ needs for validation and affirmation as well as the motivation to overtly and covertly seek out self-enhancement experiences from the social environmentâ⬠(p.365). Normal and pathological narcissism. Researchers usually use the terms normal and pathological features of narcissism to describe adaptive and maladptive personality structure respectively, representing different psychological needs for self enhancement, validation, and regulatory mechanisms (e.g., Kernberg 1998, Kohut 1977, Morf 2006, Pincus 2005, Ronningstam 2009, Stone 1998). Some believe that normal and pathological narcissism are situated on a single continuum or dimension from healthy to disordered functioning (e.g., Cooper, 2005; Miller, Hoffman, Campbell & Pilkonis, 2008; Paulhus, 1998; Ronningstam, 2005b & Watson, 2005), while others contended that adaptive and pathological narcissism may be two distinct personality dimensions (e.g., Ansell 2006, Dickinson & Pincus, 2003; Pincus et al., 2009; Rathvon & Holmstrom, 1996; Wink, 1991). It could be found that the studies of social and personality psychology have more interest in the normal narcissism (e.g. Miller & Campbell, 20 08 ), whereas those researchers in clinical psychology focused more on the studies of pathological narcissism (e.
Saturday, January 11, 2020
Regression: Soft Drink Demand
DATA SET 1 Soft Drink Demand Estimation Demand can be estimated with experimental data, time series data or cross section data. Sara Lee Corporation generates experimental data in test stores where the effect of an NFL-licensed Carolina Panthers logo on Champion sweatshirt sales can be carefully monitored. Demand forecasts usually rely on time series data. In contrast, cross-section data appear in Table 1. Soft drink consumption in cans per year is related to six pack price, income per capita, and mean temperature across the 48 contiguous sates in the United States Question . Estimate the demand for soft drinks using a multiple regression program available on your computer. 2. Interpret the coefficients and calculate the price elasticity of soft drink demand 3. Omit price from the regression equation and observe the bias introduced into the parameter estimate for income. 4. Now omit both price and temperature from the regression equation. Should a marketing plan for soft drinks be de signed that relocates most canned drink machines into low income neighborhoods?Why or Why not? DATA SET 2 The data are the results of the following market research experiment by a large company. The companyââ¬â¢s total market area was divided into 40 equally populated market areas, and the price to be charged for the product was set to be the same in each area. Then, the weekly amount of advertising expenditure ($) in each of these market areas was set as indicated in column B. The weekly sales (y units) in each market area was then recorded as shown in column C. 1.Use linear regression to estimate a linear equation describing how the value of sales (y) varies with the level of the fitted equation. 2. Assess the validity of the fitted equation. 3. If the product sells at a price of $100 and costs $70 per unit to produce, estimate a linear equation for the companyââ¬â¢s weekly profit in terms of its advertising expenditure (x). DATA SET 3 The Sales of Cycle City, a large motorc ycle and moped distributor, grew significantly during the 1990s. This past history of sales growth is indicated in data set 3. . What is the compound annual rate of growth in sales for Cycle City over this 10 year period? 2. Based on your answer in part (1) what sales would you have forecasted for the next (2001)? 3. Graph the growth in sales over the 10 years. What happened to the rate of growth over this period? 4. Based on your answer to Part (3), what sales would you have forecasted for 2001. DATA SET 4 Pizza firm The manager of pizza firm collects data on the last 24 month of pizza sales from her own company records.Where Q= sales of pizza at Checkers Pizza P = Price of a pizza at Checker Pizza M = Average annual household income in Westbury Pai = price of a pizza at Alââ¬â¢s Pizza Oven Pbmac = price of Big Mac at McDonaldââ¬â¢s 1. Estimate the linear demand function for Checkers Pizza compare to nonlinear model 2. Estimate demand elasticities at values of P, M, Pal, and Pbmac at values P=9. 05, M=26614 , Pal = 10. 12 and Pbmac = 1. 15 (for either demand function) 3. Forecast linear trend regression model to forecast income in month 30 DATA Set 5The copper data consist of 25 annual observations on world consumption of copper, copper price and the exogenous variables required to estimate industry demand and supply equation Data presented are actually valued for 1950-1975 Qc= world consumption sales of copper in 1000 of metric tons Pc = price of copper in cents per pound (inflation adjusted) M= index of real per capita income 1970=100 Pa = price of aluminum in cents per pound (inflation adjusted) X= ratio of consumption in the previous year to production in the previous year (=Qc/Qp) T=technology (time period is a proxy) 1.Estimate the copper industry demand and supply equation 2. Locate copper demand and supply in year 26 3. Calculate the intersection of the demand and supply functions DATA Set 6 Given data set 6, the quantity demanded of a commodity (Y) ,itââ¬â¢s price (X1) and consumer income (X2) from 1986-2005 1. Estimate the regression equation of Y on X1 and X2 2. Assess the validity of the fitted equation. 3. What is price elasticity at $4 and income elasticity at level 3800? Explain what kind of commodity (Y) is? 4. Forecast linear trend regression model to forecast income in year 2006 Regression: Soft Drink Demand DATA SET 1 Soft Drink Demand Estimation Demand can be estimated with experimental data, time series data or cross section data. Sara Lee Corporation generates experimental data in test stores where the effect of an NFL-licensed Carolina Panthers logo on Champion sweatshirt sales can be carefully monitored. Demand forecasts usually rely on time series data. In contrast, cross-section data appear in Table 1. Soft drink consumption in cans per year is related to six pack price, income per capita, and mean temperature across the 48 contiguous sates in the United States Question . Estimate the demand for soft drinks using a multiple regression program available on your computer. 2. Interpret the coefficients and calculate the price elasticity of soft drink demand 3. Omit price from the regression equation and observe the bias introduced into the parameter estimate for income. 4. Now omit both price and temperature from the regression equation. Should a marketing plan for soft drinks be de signed that relocates most canned drink machines into low income neighborhoods?Why or Why not? DATA SET 2 The data are the results of the following market research experiment by a large company. The companyââ¬â¢s total market area was divided into 40 equally populated market areas, and the price to be charged for the product was set to be the same in each area. Then, the weekly amount of advertising expenditure ($) in each of these market areas was set as indicated in column B. The weekly sales (y units) in each market area was then recorded as shown in column C. 1.Use linear regression to estimate a linear equation describing how the value of sales (y) varies with the level of the fitted equation. 2. Assess the validity of the fitted equation. 3. If the product sells at a price of $100 and costs $70 per unit to produce, estimate a linear equation for the companyââ¬â¢s weekly profit in terms of its advertising expenditure (x). DATA SET 3 The Sales of Cycle City, a large motorc ycle and moped distributor, grew significantly during the 1990s. This past history of sales growth is indicated in data set 3. . What is the compound annual rate of growth in sales for Cycle City over this 10 year period? 2. Based on your answer in part (1) what sales would you have forecasted for the next (2001)? 3. Graph the growth in sales over the 10 years. What happened to the rate of growth over this period? 4. Based on your answer to Part (3), what sales would you have forecasted for 2001. DATA SET 4 Pizza firm The manager of pizza firm collects data on the last 24 month of pizza sales from her own company records.Where Q= sales of pizza at Checkers Pizza P = Price of a pizza at Checker Pizza M = Average annual household income in Westbury Pai = price of a pizza at Alââ¬â¢s Pizza Oven Pbmac = price of Big Mac at McDonaldââ¬â¢s 1. Estimate the linear demand function for Checkers Pizza compare to nonlinear model 2. Estimate demand elasticities at values of P, M, Pal, and Pbmac at values P=9. 05, M=26614 , Pal = 10. 12 and Pbmac = 1. 15 (for either demand function) 3. Forecast linear trend regression model to forecast income in month 30 DATA Set 5The copper data consist of 25 annual observations on world consumption of copper, copper price and the exogenous variables required to estimate industry demand and supply equation Data presented are actually valued for 1950-1975 Qc= world consumption sales of copper in 1000 of metric tons Pc = price of copper in cents per pound (inflation adjusted) M= index of real per capita income 1970=100 Pa = price of aluminum in cents per pound (inflation adjusted) X= ratio of consumption in the previous year to production in the previous year (=Qc/Qp) T=technology (time period is a proxy) 1.Estimate the copper industry demand and supply equation 2. Locate copper demand and supply in year 26 3. Calculate the intersection of the demand and supply functions DATA Set 6 Given data set 6, the quantity demanded of a commodity (Y) ,itââ¬â¢s price (X1) and consumer income (X2) from 1986-2005 1. Estimate the regression equation of Y on X1 and X2 2. Assess the validity of the fitted equation. 3. What is price elasticity at $4 and income elasticity at level 3800? Explain what kind of commodity (Y) is? 4. Forecast linear trend regression model to forecast income in year 2006
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