Logistic regression in spss
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Logistic regression can be used to calculate odds ratios when the dependent variable has two categories and the independent variables are categorical. An example is examining whether smoking status (never smoked, ex-smoker, current smoker) predicts higher odds of depression (yes, no). The logistic regression would show that compared to never smokers, ex-smokers have 1.14 times higher odds of depression and current smokers have 1.79 times higher odds of depression.
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Prof Ravneet Kaur's summary lists her qualifications which include an M.Com in Finance, an MBA in Finance, a B.Ed, and several other postgraduate degrees and a pursuit of a PhD. Her work experience includes preparing project and seminar reports for BBA, B.Com, and M.Com students, authoring books on consumer behavior, and publishing over 15 research papers. She has worked at DAV College for Boys in Amritsar and Khalsa College in Amritsar. Her work places and online profiles where notes can be found are also listed.
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3) Evaluation of alternatives - the consumer evaluates different products or brands that could satisfy their need.
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Management accounting is the study of accounting aspects that help management make decisions. It provides tools to help management plan, organize, direct, and control operations. Management accounting modifies and rearranges accounting data to be more useful for decision making through techniques like budgeting, standard costing, and reporting. Its main objectives are to help management perform functions efficiently and make effective decisions.
Management reporting
Reporting serves several purposes such as communication, record keeping, legal requirements, and measuring performance. There are various methods of reporting including written, graphic, and oral forms. Written reports can include formal financial statements, tables, charts, and accounting ratios. Oral reporting includes group meetings and conversations. Reports are also categorized by their intended users as internal or external, by their nature as enterprise, control, or investigative, and by timeframe as routine or special. Key types are financial reports and operating reports.
Installation of management accounting system
The document outlines the steps for installing a management accounting system. It discusses (1) creating an organization manual to define roles and responsibilities, (2) designing forms and reports to simplify data collection, (3) ensuring proper staffing and training, (4) classifying financial and cost accounts, (5) setting up cost, investment, profit and budget centers, (6) introducing relevant management accounting techniques, and (7) utilizing operations research techniques to address changing business needs. The overall goal is to implement an accounting system that provides useful information to management for decision making.
General principles of good reporting systems
Information flows throughout all levels of an organization, both from top to bottom as well as bottom to top. Reports should be presented as soon as possible after an event occurs and aim to be accurate, though approximate information provided on time is better than delayed accurate information. Comparisons to past data, standards, and objectives enable readers to identify trends or variations. Information should be relevant, clear, and supported; benefits of reporting must outweigh costs. Performance records should be assessed against standards.
Consumer behaviour
Consumer behavior involves complex processes of deciding what to buy, when to buy, how to buy, from where to buy, how to use, and how to dispose of products in order to satisfy individual, group, or organizational needs. Consumer behavior is influenced by internal factors like age, income, personality, and motivation as well as external factors like culture, social class, and reference groups. Studying consumer behavior is important for marketers as it helps them understand buying behaviors and develop effective marketing strategies.
Features of management accounting
Management accounting selects only the most relevant information from financial accounting data to help management make planning and control decisions. It emphasizes future projections using tools like standard costing, variances, and budgets. Management accounting modifies, analyzes, and interprets financial data to provide management with supporting information for decision-making. It allows flexibility and considers non-financial factors, with the goal of improving efficiency and achieving organizational objectives.
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International business earns foreign exchange by exporting goods and services worldwide, which helps make profits and strengthen the home economy. It optimally utilizes resources from around the world, such as using finance and technology from rich countries and raw materials and labor from poor countries. International business can easily achieve its objective of high profits by using the best technology, employees, managers, and selling high-quality goods globally. It spreads business risks across multiple countries so losses in one place can be offset by gains elsewhere. International business improves efficiency through modern management techniques, qualified employees and managers, and training and incentives. Governments provide it benefits and facilities due to the foreign exchange it brings in.
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The document outlines 5 stages of business evolution:
1) Local business starts as a barter system within villages and towns.
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3) National business emerges when trade spans most parts of a country.
4) International business involves trade between two or more countries through imports and exports.
5) Global business treats the entire world as a single market without borders.
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1) Liberalization refers to the freedom of businesses to establish industries, trade, or commerce across borders with fewer governmental restrictions and the free exchange of capital, goods, services, and technologies between countries.
2) Globalization involves the integration and coordination of national economies with the world economy as economic activities are controlled by both domestic and international markets.
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Ud & si
This document discusses the principles of unity of direction and subordination of individual interest to general interest. It states that unity of direction means all employees work towards a common goal under one head and plan. This creates unity of action, coordination, and uniformity while reducing duplication. Subordination of individual interest means the manager integrates employee and organizational goals so both are achieved efficiently. Positive impacts include efficient goal achievement, better coordination, and a harmonious work environment, while violations can decrease efficiency and cause conflicts.
Centralisation & decentralisation
This document discusses the principles of centralization and decentralization in management. Centralization refers to decision-making power resting with top management, while decentralization gives decision-making power to those performing jobs. There should be a balance between the two based on business size, nature, and location. Top management should retain authority over important strategic decisions but delegate adequate authority to lower levels to make departmental decisions. This facilitates timely functioning, motivates employees, and prevents overburdening top management.
Division of work and authority & responsibility
This document summarizes Henri Fayol's principles of management, including division of work, authority and responsibility. It explains that division of work involves dividing tasks into parts and assigning them to individuals based on their skills, which improves specialization and efficiency. It also discusses that authority and responsibility must go hand in hand, so that those with responsibilities are given proper authority to carry them out effectively. Violating these principles can result in issues like overburdening employees, wasted time and resources, and inability to complete tasks or hold people accountable.
Discipline ; unity of command
The document discusses two principles of management: discipline and unity of command. It states that discipline involves obedience, respect for authority, and following rules. Managers should clearly explain rules, supervise effectively, reward obedience, and penalize non-obedience. This leads to achieving goals, efficiency, and good relations. Lack of discipline causes disorder. Unity of command means an individual receives orders from only one supervisor to avoid confusion and work effectively. Having multiple bosses leads to unclear responsibilities and inefficiency. Following these principles positively impacts performance and relations, while violating them reduces efficiency and causes confusion.
Prof ravneet kaur
Prof Ravneet Kaur's summary lists her qualifications which include an M.Com in Finance, an MBA in Finance, a B.Ed, and several other postgraduate degrees and a pursuit of a PhD. Her work experience includes preparing project and seminar reports for BBA, B.Com, and M.Com students, authoring books on consumer behavior, and publishing over 15 research papers. She has worked at DAV College for Boys in Amritsar and Khalsa College in Amritsar. Her work places and online profiles where notes can be found are also listed.
Henri fayol's principles of management
Henri Fayol developed 14 principles of management based on his experience as the director of a large French mining company with over 1,000 employees. Born in 1841 in Istanbul, Fayol began his career at the mining company as an engineer and worked his way up to director. Through managing the large workforce, he determined the 14 most important principles for how managers should organize work and interact with staff. In 1916, he published his principles of management in his book "Administration Industrielle et Générale."
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Logistic regression in spss
- 1. Logistic Regression in SPSS When do we use a logistic regression? When we want to produce odds ratios to see if our independent variables (e.g. smoking: never smoker, ex-smoker, current smoker) predicts higher odds of the dependent variable (e.g. depression: yes or no). The outcome variable must have 2 categories. Example Scenario Computing the odds ratio of having depression based on people's smoking behavior. In this scenario, our dependent variable is depression, and it has 2 categories: 1=No (reference category) 2=Yes Our independent variable is smoking behavior, and it has 3 categories: 1=Never smoked (reference category) 2=Ex-smoker 3=Current smoker Our research question is: Compared to those who never smoked, do those who are ex-smokers and/or those who are current smokers have higher odds of having depression? Step 1 Analyze-> Regression-> Binary Logistic
- 2. Step 2 Select the dependent variable (depression) and move it into the Dependent box. Move the independent variable (smoke3) into the Covariates box.
- 3. Step 3 Click the Categorical... box. Move smoke3 into the categorical covariates box because smoke3 is a categorical variable (do not need this step if your independent variable is a continuous variable). Select First as the Reference Category and click change, because we want the first group (never smoked) to be the reference category.
- 4. Step 4 Click the Options... box. Tick CI for exp(B): 95% -> this will give you 95% confidence intervals for your odds ratios As the 95%CI do not overlap, we can conclude that compared to those who have never smoked, ex-smokers have 1.14 times higher odds (95%CI=1.05 to 1.24), and current smokers have 1.79 times higher odds (95%CI=1.64 to 1.95) to be depressed.