• Title/Summary/Keyword: OLS regression analysis

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An Analysis of Consciousness toward Wedding Ritual: A Comparison of the Young and Old Generation (도시민의 혼례의식에 대한 관련요인 분석: 미혼남녀의 혼인적령기 자녀를 둔 어머니들의 비교를 중심으로)

  • 이윤금;서병숙
    • Journal of the Korean Home Economics Association
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    • v.37 no.4
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    • pp.111-124
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    • 1999
  • The purpose of this study was to investigate the effect of generation on consciousness toward wedding ritual and to compare the difference in their consciousness between the young and the old. Data were obtained from 489 individuals living in Seoul. OLS regression analysis was used to identify the effect of generation on consciousness toward wedding ritual. The effect of generation was significant in the consciousness of wedding procedures, while it was not significant in the consciousness of wedding expenditures, holding other factors constant. [t was also found that procedure-important style was associated with more expenditures on wedding. The findings of this study suggested that the materialism had an important effect on the consciousness of wedding procedures for both generations. Understanding these factors is useful for family resource management professionals and educators who develop educational programs to build desirable wedding culture in Korea.

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A New Constrained Parameter Estimation Approach in Preference Decomposition

  • Kim, Fung-Lam;Moy, Jane W.
    • Industrial Engineering and Management Systems
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    • v.1 no.1
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    • pp.73-78
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    • 2002
  • In this paper, we propose a constrained optimization model for conjoint analysis (a preference decomposition technique) to improve parameter estimation by restricting the relative importance of the attributes to an extent as decided by the respondents. Quite simply, respondents are asked to provide some pairwise attribute comparisons that are then incorporated as additional constraints in a linear programming model that estimates the partial preference values. This data collection method is typical in the analytic hierarchy process. Results of a simulation study show the new model can improve the predictive accuracy in partial value estimation by ordinal east squares (OLS) regression.

Mapping Airbnb prices in a small city: A geographically weighted approach for Macau tourist attractions (작은 도시에 에어비앤비 가격지도: 지리가중접근법 활용한 마카오 관광지에 대한 분석)

  • Tang, Honian;Hong, Insu;Yoo, Changsok
    • Proceedings of the Korea Contents Association Conference
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    • 2019.05a
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    • pp.211-212
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    • 2019
  • The objectives of this research are to test the utility of semiparametric geographically weighted regression (SGWR, a spatial analysis method) in the small-scale urban sample, and to understand the geographic patterns of provision and pricing of sharing economy based accommodations in the tourist city. This paper focused on how network distance to heritage site, to casino, residential unit prices and other five attribute categories determine Airbnb price in Macau SAR, China. Findings show that SGWR models outperformed OLS models. Moreover, comparing with heritage sites, casinos are the stronger factors to drive up Airbnb (including hostels) rooms' provision and their prices; and residential unit prices are not related with the Airbnb price in the attraction clusters in Macau. This research showed a little example for the applications of SGWR in the small city, and for the analysis of online marketplace data as new urban study material. Practically, this study provides some scientific evidence for hosts, guests, urban planners, and policymakers' decision making in Macau.

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Impacts of Foreign Direct Investment on Human Capital in ASEAN

  • NGUYEN, Hoi Van;NGUYEN, Thuy Thi Thu;TO, Tha Hien;DANG, Duong Quy;Luong, Trang Thi Dai
    • Journal of Distribution Science
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    • v.18 no.9
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    • pp.13-18
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    • 2020
  • Purpose: Research and development of human capital in countries bring sustainable development to the nations. Especially for developing countries, the attraction of foreign direct investment not only brings economic growth to the country but also contributes to improving human capital. This study aims to assess the impact of foreign direct investment on human capital in ASEAN countries. Research design, data and methodology: With data collected from ASEAN countries from 1990 to 2019, panel data analysis is performed with revised model types (the Pooled OLS, Fixed effect model, Random effect model and regression with Driscoll-Kraay standard errors). Result: The results of the regression analysis show that FDI has a positive impact on human capital. At the same time, the study also found that public investment in education also positively affects human capital; the life expectancy factor does not affect human capital. Conclusions: With this research result, the authors also proposed a number of solutions to improve human capital by attracting FDI and improving the efficiency of investment for the education of ASEAN countries. Besides, public expenditure on education also plays an important role in raising human capital. Therefore, investment in education should be promoted further in the future.

The Impact of Audit Characteristics on Firm Performance: An Empirical Study from an Emerging Economy

  • Rahman, Md. Musfiqur;Meah, Mohammad Rajon;Chaudhory, Nasir Uddin
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.1
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    • pp.59-69
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    • 2019
  • The auditor, an important instrument of corporate governance, ensures the transparency and accountability of the firm to the stakeholders. The objective of this paper is to explore the impact of audit characteristics on firm performance. In this study, external audit quality (BIG4), frequencies of audit committee meetings, and audit committee size are used as the proxies of audit characteristics and firm performance is measured through ROA, profit margin and EPS. A total of 503 firm years are considered as sample size from the listed manufacturing firms of Dhaka Stock Exchange (DSE) during the period of 2013 to 2017 to find out the impact of audit characteristics on firm performance. In this study, multivariate regression analysis is conducted using the pooled OLS method. Moreover, time dummy and lag model of multivariate analysis are also analyzed as robust check. The multivariate regression results find that external audit quality (BIG4) and audit committee size are significantly positively associated with firm performance. This study also finds that there is a significant negative relationship between audit committee meeting and firm performance. This study recommends that the regulatory authority and audit committee should review the frequencies of audit committee meeting to make it more effective to ensure better firm performance.

Has the Gap of Fiscal Self-sufficiency Rates of 16 Provincial Governments Been Narrowed? (우리나라 광역자치단체의 재정자립도 격차는 줄어들고 있는가)

  • Ji, Ann Cho;Park, Wan Kyu
    • Journal of the Korean Regional Science Association
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    • v.32 no.3
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    • pp.45-62
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    • 2016
  • The main purpose of this study is to investigate whether the gap of fiscal self-sufficiency rates of 16 provincial governments in Korea has been narrowed and to suggest some remedies based on the empirical results. The panel data set from 1998 to 2013 is used and pooled OLS and system GMM regression techniques are employed. The fiscal self-sufficiency rates show downward trend and ${\beta}-convergence$ exists in absolute and conditional convergence analysis. The speed of conditional convergence anlysis is proved to be faster than that of absolute analysis. Both metropolitan cities and prefectures show convergence of fiscal self-sufficiency rates. We have found out that in the case of metropolitan cities, the proportion of workers in the tertiary industry has positive effect on fiscal self-sufficiency rates and in the case of prefectures number of cars per capita has positive effect. And in both cases increase in old population has negative effect.

Estimation of the Natural Damage Disaster Considering the Spatial Autocorrelation and Urban Characteristics (공간적 자기상관성과 도시특성 요소를 고려한 자연재해 피해 분석)

  • Seo, Man Whoon;Lee, Jae Song;Choi, Yeol
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.36 no.4
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    • pp.723-733
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    • 2016
  • This study aims to analyze the effects of urban characteristics on the amount of damage caused by natural disasters. It is focused on the areas of a municipal level in Korea. Also, it takes into account the spatial autocorrelation of the damage caused by natural disasters. Moran's I statistics was estimated to examine the spatial autocorrelation in the damage from the study area. Subsequent to evaluating the suitability for spatial regression models and the OLS regression model, the spatial lag model was employed as an empirical analysis for the study. It showed that the increase in residential area leads to the decrease in the amount of natural disaster damage. On the other hand, the increase in green area and river basin is associated with the increase in the damage. As a result of empirical analysis, appropriate policy establishment and implementation about the damage-adding factors is needed in order to reduce the amount of damage in the future.

Environmental Equity Analysis of Fine Dust in Daegu Using MGWR and KT Sensor Data (다중 스케일 지리가중회귀 모형과 KT 측정기 자료를 활용한 대구시 미세먼지에 대한 환경적 형평성 분석)

  • Euna CHO;Byong-Woon JUN
    • Journal of the Korean Association of Geographic Information Studies
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    • v.26 no.4
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    • pp.218-236
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    • 2023
  • This study attempted to analyze the environmental equity of fine dust(PM10) in Daegu using MGWR(Multi-scale Geographically Weighted Regression) and KT(Korea Telecom Corporation) sensor data. Existing national monitoring network data for measuring fine dust are collected at a small number of ground-based stations that are sparsely distributed in a large area. To complement these drawbacks, KT sensor data with a large number of IoT(Internet of Things) stations densely distributed were used in this study. The MGWR model was used to deal with spatial heterogeneity and multi-scale contextual effects in the spatial relationships between fine dust concentration and socioeconomic variables. Results indicate that there existed an environmental inequity by land value and foreigner ratio in the spatial distribution of fine dust in Daegu metropolitan city. Also, the MGWR model showed better the explanatory power than Ordinary Least Square(OLS) and Geographically Weighted Regression(GWR) models in explaining the spatial relationships between the concentration of fine dust and socioeconomic variables. This study demonstrated the potential of KT sensor data as a supplement to the existing national monitoring network data for measuring fine dust.

Topic Modeling Analysis of Beauty Industry using BERTopic and LDA

  • YANG, Hoe-Chang;LEE, Won-Dong
    • The Journal of Economics, Marketing and Management
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    • v.10 no.6
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    • pp.1-7
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    • 2022
  • Purpose: The purpose of this study is identifying the research trends of degree papers related to the beauty industry and providing information which can contribute to the development of the domestic beauty industry and the direction of various research about beauty industry. Research design, data and methodology: This study used 154 academic papers and 189 academic papers with English abstracts out of 299 academic papers. All of these papers were found by searching for the keyword "beauty industry" in ScienceON on August 15, 2022. For the analysis, BERTopic and LDA (Latent Dirichlet Allocation) analysis were conducted using Python 3.7. Also, OLS regression analysis was conducted to understand the annual increase and decrease trend of each topic derived with trend analysis. Results: As a result of word frequency analysis, the frequency of satisfaction, management, behavior, and service was found to be high. In addition, it was found that 'service', 'satisfaction' and 'customer' were frequently associated with program and relationship in the word co-occurrence frequency analysis. As a result of topic modeling, six topics were derived: 'Beauty shop', 'Health education', 'Cosmetics', 'Customer satisfaction', 'Beauty education', and 'Beauty business'. The trend analysis result of each topic confirmed that 'Beauty education' and 'Health education' are getting more attention as time goes by. Conclusions: The future studies must resolve the extreme polarization between the structure of the small beauty industry and beauty stores. Furthermore, the researches have to direct various ways to create the performance of internal personnel. The ways to maximize product capabilities such as competitive cosmetics and brands are also needed attentions.

Identification of Uncertainty in Fitting Rating Curve with Bayesian Regression (베이지안 회귀분석을 이용한 수위-유량 관계곡선의 불확실성 분석)

  • Kim, Sang-Ug;Lee, Kil-Seong
    • Journal of Korea Water Resources Association
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    • v.41 no.9
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    • pp.943-958
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    • 2008
  • This study employs Bayesian regression analysis for fitting discharge rating curves. The parameter estimates using the Bayesian regression analysis were compared to ordinary least square method using the t-distribution. In these comparisons, the mean values from the t-distribution and the Bayesian regression are not significantly different. However, the difference between upper and lower limits are remarkably reduced with the Bayesian regression. Therefore, from the point of view of uncertainty analysis, the Bayesian regression is more attractive than the conventional method based on a t-distribution because the data size at the site of interest is typically insufficient to estimate the parameters in rating curve. The merits and demerits of the two types of estimation methods are analyzed through the statistical simulation considering heteroscedasticity. The validation of the Bayesian regression is also performed using real stage-discharge data which were observed at 5 gauges on the Anyangcheon basin. Because the true parameters at 5 gauges are unknown, the quantitative accuracy of the Bayesian regression can not be assessed. However, it can be suggested that the uncertainty in rating curves at 5 gauges be reduced by Bayesian regression.