Project #12486 - case study

3 page paper on 6 case studies. answer the four questions for each case study.

Case Incident: Predictions That Didn’t Quite Pan Out

 

<itemizedlist mark="bull" spacing="normal"><listitem><inst>  </inst><title>Prediction:</title><para><inst> </inst>“More people are going to be put to work this summer.”—Vice President Joe Biden </emphasis> (June 17, 2010)</para></listitem>

o   <listitem><inst></inst><title>Status:</title><para><inst> </inst>By August, job growth in the private sector fell by two-thirds and unemployment increased to 9.8% in November.</para></listitem>

 

<listitem><inst>  </inst><title>Prediction:</title><para><inst> </inst>”The market is telling you that something is not quite right…The Chinese economy is going to slow down regardless”—Investment Analyst Marc Faber (May 3, 2010)</para></listitem>

o   <listitem><inst></inst><title>Status:</title><para><inst> </inst>The ChinesThe Chinese economy grew by 9.5% over the rest of the year.

 

<listitem><inst>  </inst><title>Prediction:</title><para><inst> A quick, prepackaged bankruptcy for General Motors might stall, leading to "a long period of bankruptcy which I believe would result in liquidation of the company."— CEO Rick Wagoner (March 17, 2009)</para></listitem>

o   <listitem><inst></inst><title>Status:</title><para><inst> </inst>The ChinesGMGM’s bankruptcy court lasted a mere 40 days, and by September the company held $43 billion in cash. </para></listitem>

 

<listitem><inst>  </inst><title>Prediction:</title><para><inst> "My long-term opinion is that the bear market has several years left to run, and stock prices will go a lot lower. … So any rally that happens is going to be a bear market rally." — Robert Prechter, CEO at research company Elliot Wave International (February 27, 2009)</para></listitem>

o   <listitem><inst></inst><title>Status:</title><para><inst> </inst>The ChinesGMA week The S&P 500 was up 64% from its lowest point by the middle of December and stocks have continued to perform well since.

 </para></listitem>

<listitem><inst>  </inst><title>Prediction:</title><para><inst> "I think this is a case where Freddie Mac (FRE) and Fannie Mae (FNM) are fundamentally sound. They're not in danger of going under…I think they are in good shape going forward." —Representative Barney Frank (July 14, 2008</para></listitem>).

o   <listitem><inst></inst><title>Status:</title><para><inst> </inst>The ChinesGMA week Just Just two months later the mortgage companies were in conservatorship and the government had pledged to invest $100 billion in each. </para></listitem>

 

<listitem><inst>  </inst><title>Prediction:</title><para><inst> "I think Bob Steel's the one guy I trust to turn this bank around, which is why I've told you on weakness to buy Wachovia." —CNBC commentator Jim Cramer (March 11, 2008).</para></listitem>

o   <listitem><inst></inst><title>Status:</title><para><inst> </inst>The ChinesGMA week WInvestors fled Wachovia within the next two weeks and the company nearly failed, with shares losing half their value from September 15 to December 29.

</para></listitem>

<problemset id="ch06prob08"><supertitle>Questions</supertitle>

<general-problem label="1" maxpoints="1"><inst>1.   </inst><question><para>Why Despite the difficulty of making predictions, many people confidently make assertions about what will happen in the future. Why do you think this is?

</para></question></general-problem>

<general-problem label="2" maxpoints="1"><inst>2.   </inst><question><para>What perceptual or decision-making errors can you identify in these predictions?

</para></question></general-problem>

<general-problem label="3" maxpoints="1"><inst>3.   </inst><question><para>HaveCan you think of some predictions you’ve made that haven’t turned out the way you expected</para></question></general-proble?

           

 

</para></question></general-problem></problemset>

<general-problem label="4" maxpoints="1"><inst>4.   </inst><question><para>Why do you think it’s so hard to make accurate predictions?

Subject Business
Due By (Pacific Time) 09/16/2013 12:00 pm
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