Answer: The Business Cycle Dating Committee of the National Bureau of Economic Research.
Explanation:
The Business Cycle Dating Committee under the National Bureau of Economic Research are tasked with declaring the beginnings and the endings of the Business cycle. They do this by reviewing Economic wide measures especially GDP to see if prevailing conditions are still ongoing.
To declare a Recession, the Economy would have to be experiencing a significant downward trend in widespread economic activity reduction over more than a couple of months but for a Recession to be declared as over and back to a Peak, it might take longer than that.
It can be concluded from the Labor Union goals that changes in the social and economic environment determine the goals of labor in a given period. Thus the First option is correct.
<h3>What is Economic Environment?</h3>
Economic environment refers to the External factors of the economy which affects the working of the Company. For example The rise in the prices of the fertilizer will affect the farmer.
The goal of the labor union defines the changing patterns of the social and the economic environment estimates the aim of the labor in the given period of the time.
Learn more about the Economic environment here:
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Answer:
d. It is best measured using the statistic variance inflation factor (VIF).
Explanation:
Multicollinearity is an important issue in multiple regression model, having many independent/ explanatory variables. Multicollinearity is the situation in which two or more independent variables are highly correlated. It is problematic because it increases the standard error of independent variable coefficient & undermines its statistical significance
Variance Inflation Factor [VIF] is a check & corrective measure of multicollinearity.
- VIF as a multicollinearity check : It quantifies the correlation between one explanatory variable with other explanatory variables.VIF = 1 implies there is no multicollinearity (correlation between independent variables); VIF upto 5 implies there is moderate multicollinearity (correlation between independent variables). VIF > 5 implies high multicollinearity (correlation between independent variables)
- VIF as a multicollinearity correction : Calculating
= σ^2 / ![[TSS j (1 - R^2j)]](https://tex.z-dn.net/?f=%5BTSS%20j%20%281%20-%20R%5E2j%29%5D)
; where TSS = total sum of square of variable j , σ^2 = j variance, R^2 j = R^2 from regressing all other independent variable on variable j
The best reason for the reduction in manufacturing jobs is that These jobs are often outsourced to overseas factories.
<h3>Manufacturing trend in developed countries </h3>
- Large companies are outsourcing manufacturing services to other nations.
- This is usually to save costs and to avoid certain regulatory oversight.
As a result of these jobs being shipped abroad, manufacturing jobs in developed countries are suffering and will decrease in the next few years.
In conclusion, option B is correct.
Find out more on manufacturing jobs at brainly.com/question/25553251.
