Author Question: What is cocooning? How does it affect the sales of various products and ... (Read 47 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?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

For a complete list of videos, visit our video library