Author Question: What is cocooning? How does it affect the sales of various products and ... (Read 48 times)

mynx

  • Hero Member
  • *****
  • Posts: 555
What is cocooning? How does it affect the sales of various products and services?

Question 2

The most common type of selection bias correction model used by researchers is the
 a. hierarchical Bayes model c. Heckman model
  b. fixed normal mixture model d. bias estimation model



cdmart10

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

Cocooning, the trend toward staying at home, is now a worldwide phenomenon. People are bringing their work and entertainment into their homes rather than going out for these things. Challenging economic times are behind this push to cut back on large purchases like traveling, eating out, and viewing movies at the cinema. Retailers in the Unites States report cocooning trend-related sales in the areas of food shopping, outdoor barbeque equipment, video games, and flat-panel televisions. Similarly, retailers in Australia report the buying or renting of DVDs, meal-preparation ingredients, and outdoor furniture and accessories topping the cocoon-buyer's list of properties.

Answer to Question 2

C
The Heckman model is the most frequently used selection bias correction model.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

For a complete list of videos, visit our video library