Death hurrific Essay Example For Students

Death hurrific Essay You mustnt try to build up a kind of wall between us and that girl. Shiela. Shiela knows that the inspector will find out anything that he wants to know. She realises that even if the inspector is not real it doesnt mean that the things that happened to Eva Smith were not wrong: So nothing really happened. So theres nothing to be sorry for, nothing to learn. Shiela. The audience would like Shiela because she changes at the end for the better and learns something, which means that the audience would support her views. Eric is the same as Shiela, the whole experience teaches him a lesson. At the beginning of the play he is seen as a spoilt, imature young man. When the inspector reveals his part in the suicide of Eva Smith he is very sorry: My God Im not likely to forget. Eric. Eric met Eva Smith at the Palace Bar, a place where the women of the town were. Eric offered to take Eva home where he then forced his way into her house and made love to her. He said he did this because he was drunk. Eric made love to Eva a few more times before she told him that she might be pregnant. Eric offered to give her money but she soon found out that it was stolen from his fathers business so she refused to take any more. The audience has sympathy for Eric because he shows remorse for his actions towards Eva Smith. J. B. Priestley would want the audience to like Eric because at the end he supports the views of social responsibility. Throughout the play Eva Smith is never seen, but she is one of the most important characters. She is always portrayed in a possitive light, as a independent, honest, full of integrity, strong, pretty and lively girl. She wasnt pretty when I saw her today, but she had been pretty very pretty. Inspector. The audience would feel very sorry for her after they heard all that she had been through. They would hate the people who had caused her to take her life in such a painful way, especially the people who didnt feel sorry for what they did. The way that Eva took her life shows that she had been a strong girl who could not find any other way of getting out of the mess she was in. The writer, J. B. Priestley deliberately made Evas death hurrific so that the audience would feel sorry for her and it would convey his thoughts of social responisbility. Inspector Goole is the most important character of the whole play. He represents J. B. Priestleys own views and is a very impressive character. He has authority and can get any of the Birlings to confess what they did, Shiela realises this: I knew everything was coming out it was simply bound to come out tonight Shiela. The inspector gives the impression thats he already knows what each member of the family is about to say, he even has authority over Mr Birling: I know hes your son and this is your house but look at him. He needs a drink now just to get him through. Inspector. The inspector portrays the social responsibilities of J. B. Priestley. This means that the audience would respect his views because of the authority he has throughout the play. This was a good way of communicating Priestleys views to the audience. At the begining of the play it seems like a whos done it? play. As the play goes on it becomes clear to the audience that it is not only one member of the family who is involved in the death of Eva Smith. This conveys the message that everyones actions affect other people. .uee13c6c766053eefd206360d2e6d4d7b , .uee13c6c766053eefd206360d2e6d4d7b .postImageUrl , .uee13c6c766053eefd206360d2e6d4d7b .centered-text-area { min-height: 80px; position: relative; } .uee13c6c766053eefd206360d2e6d4d7b , .uee13c6c766053eefd206360d2e6d4d7b:hover , .uee13c6c766053eefd206360d2e6d4d7b:visited , .uee13c6c766053eefd206360d2e6d4d7b:active { border:0!important; } .uee13c6c766053eefd206360d2e6d4d7b .clearfix:after { content: ""; display: table; clear: both; } .uee13c6c766053eefd206360d2e6d4d7b { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uee13c6c766053eefd206360d2e6d4d7b:active , .uee13c6c766053eefd206360d2e6d4d7b:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uee13c6c766053eefd206360d2e6d4d7b .centered-text-area { width: 100%; position: relative ; } .uee13c6c766053eefd206360d2e6d4d7b .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uee13c6c766053eefd206360d2e6d4d7b .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uee13c6c766053eefd206360d2e6d4d7b .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uee13c6c766053eefd206360d2e6d4d7b:hover .ctaButton { background-color: #34495E!important; } .uee13c6c766053eefd206360d2e6d4d7b .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uee13c6c766053eefd206360d2e6d4d7b .uee13c6c766053eefd206360d2e6d4d7b-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uee13c6c766053eefd206360d2e6d4d7b:after { content: ""; display: block; clear: both; } READ: Arts Of The Contact Zone By Pratt EssayThe whole play is set in one room, which means that the action does not move. This means that the audience could focus on the drama and the characters. The room is furnished in posh furniture which contrats with the poverty of Eva Smith: Substantial and heavily comfortable. The lighting on the stage at the beginning of the play is pink, soft and intimate but as each member of the familys actions become clear the lighting becomes harsher, harder and brighter: The lighting should be pink and intimate until the inspector arrives, and then it should be brighter and harder. I think that the play An Inspector Calls is a very effective play. J. B. Priestley conveys his views very well and gets the idea of social responsibility across. I did feel sorry for Eva Smith and sympathised for Shiela and Eric because they felt remorse for their actions. Social responsibility still applies to the modern day, we are not classed any more but peoples actions still affect other people. I think that the play might not have exactly the same affect on an audience in the modern day but it would have a similar affect.

Essay Topics For Dar Good Citizen Award Essay

Essay Topics For Dar Good Citizen Award EssayThere are a number of essay topics available to students who want to write a Dar Good Citizen Award Essay. This award is given to students for their outstanding efforts in helping disadvantaged children and their families. Students can select which topic they want to write an essay on from a long list of topics.Most students will write an essay for Dar to be submitted to their local school district, county school district, college or university. When students submit an essay for Dar, they can expect a high grade if they choose the right topic for their award essay. Students can choose from several topics to focus on. Some popular topics include:Even though Dar is a statewide award, each state has their own version of this award. Most award topics are selected by the state and the student who win the award will receive the same award given to the local award winner. Each state has a specific title for their award. The award is awarded to 'i ndividuals who demonstrate great personal courage and initiative in meeting the challenges of education'. The award is usually presented during the end of the academic year and the award is presented by the mayor of the community.Although Dar is a statewide award, the prize has been a part of educational awards for many years. The initial award dates back to 1905 when a newspaper was successful in being able to give a person a check every month for the first 100 dollars they donated to the school. During the 20th century, the local county school district then came up with the first cash award.One common theme for all award topics is helping students who have had some type of adversity in their life. It is the hope that by writing the essay students will have a better understanding of where they came from. Writing about the hardships of life, can help students realize that adversity can be overcome and that life can be happy and wonderful.A student who is working towards writing a Da r Good Citizen award may consider using their essay topic as the springboard for a speech. Speeches can teach students a lot about what it takes to excel in school and the world outside of school. It can also allow students to think about their passions and what will motivate them to complete their goals in life.Writing about subjects like oppression or failure may be a little difficult for students because they do not know if they have been personally affected by that particular subject. However, students can use the opportunities in life to inspire themselves and others. They can open their eyes to places in life that would not otherwise be seen.

Two Gentleman Of Verona Essays - The Two Gentlemen Of Verona

Two Gentleman Of Verona Two Gentleman of Verona Two Gentlemen of Verona, directed by Mr. Wolfe, depicted an excellent plot through strong acting and characterization. In addition it possessed humor that perfectly affixed into the era of the sixties. The play was transformed from its original time era and placed in the sixties. The main plot outline surrounds two gentleman from Verona who were best friends. These two best friends named Valentine and Proteus were played by Geoffrey Kidwell, and Noah Silverman. The story really begins when Valentine leaves Verona. He is then banished from the next city he enters, Milan. During his time spent in Milan Valentine falls in love with a young women, Sylvia, played by Katie Moran. However he is torn away from her when he is banished. Then Proteus, his best friend, betrays him. Proteus persues Sylvia, although he already has a fianc?e, Julia, played by Stephanie Nealy. Proteus experiences true loneliness when he is rejected by Sylvia and dumped by fianc?e. Julia rides off with Speed, a servant/messenger of Valentine, played by Ronald Del Castillo. Thus the moral and theme of the story surrounds the idea of friendship and betrayal. Ronald Del Castillo, Speed, had very good vocal choices. He played a messenger/servant who was always on the run. Speed used a bicycle or rolerblades, to give the effect of constant movement. Thus, he rapidly talked like he acted, to demonstrate his sense of chaos and lack of control. His physical and vocal choices showed he was a messenger or servant and was always on the move needing to be somewhere. His choices definitely were very effective. The next character had some opposite and alike characteristics but also effectively fulfilled his character. Thomas Odell, who played Launce, was Proteuss servant. His character was somewhat quaint, but was very funny. He had a lot of curved physical choices, like his walk. He always had a sense of bewilderment on his face. He was always walking around, almost as if he was lost, and tangled up with his leash from his dog. His vocal and physical choices completely fulfilled his character in showing he was a bewildered and chaotic servant. The first costume that was very effective was worn by Katie Moran, Sylvia. It was almost as though she was a Marilyn Monroe look a like. Her costume consisted of a blonde wig on and a brightly colored dress. The dress she wore was a red shiny dress. This dress make her look sexy in order to draw attention to her. When she came on stage she caught your eye. Her dress didnt really have a time and setting effect but, it was very important. It made her a very important character and a wanted character by everyone in the play. This, is the reason that Valentine and Proteus fell in love with her. The Directors concept of this costume was to make this character very significant and it was efficiently achieved by giving her a bright costume. The next costume was that of Thomas Odell, who played Launce, a servant of Proteus. His costume was like Sylvias. It had bright colors but they were peculiar. His costume consisted of purple, orange and yellow colors. He wore unique shirts and a Hawaiian looking shirt. He also wore a straw hat and his nose was covered with zinc. This costume was almost portraying him as a tourist. I dont know if that was the Mr. Wolfe was trying to get across or if he was showing us that this character was a uncanny and unusual character that didnt really know were he was going. In addition to his costume he had a dog. The dog symbolized confusion and chaos by creating more cluster because he kept on getting tangled in the leash while trying to carry the briefcases. His costume made it seem like it was always daytime. Mr. Wolfes concept definitely was qualified for the character and gave it a funny twist. The first setting begins at the beach. That is where the play starts showing with many people on the beach having a good time. the scene props consisted of towels, beach chairs and a life guard station. The towels were green, yellow and purple along with matching bathing suits. Everything was awkward, similar to the sixties. This setting took up the whole stage. The beach was mostly used during the daytime and you could tell by the sun would be up and everything would be bright. When the

Defining Permafrost

Defining Permafrost Permafrost is any soil or rock that remains frozen (below 32 F) throughout the year. For a soil to be considered permafrost, it must be frozen for at least two consecutive years or longer. Permafrost can be found in cold climates where the mean annual temperature is less than the freezing point of water. Such climates are found near the North and South poles and in some alpine regions. Soils in Warmer Temperatures Some soils in areas that experience warmer temperatures thaw for a short time during warmer months. The thawing is restricted to the top layer of soil and a permafrost layer remains frozen several inches below the surface. In such areas, the top layer of soil (known as the active layer) warms up enough to enable plants to grow during the summer. The permafrost that lies below the active layer traps water close to the soils surface, making it quite soggy. The permafrost ensures a cool soil temperature, slow plant growth, and slow decomposition. Permafrost Habitats Several soil formations are associated with permafrost habitats. These include polygons, pintos, solifluction, and thermokarst slumping. Polygon soil formations are tundra soils that form geometric shapes (or polygons) and are most noticeable from the air. The polygons form as the soil contracts, cracks, and collects water trapped by the permafrost layer. Pingo Soil Pingo soil formations form when the permafrost layer traps a large amount of water in the soil. When the water freezes, it expands and pushes the saturated earth upward into a large mound or pingo. Solifluction Solifluction is a soil formation process that occurs when thawed soils slide down a slope over the permafrost layer. When this happens, the soils form rippled, wave patterns. When Thermokarst Slumping Occurs Thermokarst slumping occurs in areas that have been cleared of vegetation, usually due to human disturbance and land use. Such disturbance leads to the melting of the permafrost layer and as a result the ground collapses or slumps.

Management Research and Consultancy Essay Example | Topics and Well Written Essays - 1500 words

Management Research and Consultancy - Essay Example It is obvious, that the patterns of HRM in family and non-family business are different, thus it should have been better to find the differences in HRM patterns between different family businesses, to outline the major factors that influence these behaviour and the ways of making these behaviours work for businesses of small and medium companies. The work notes, that the terms HRM is at times used in the wrong way, to replace the famous term of Public Management. But it should be remembered that HRM is somewhat different sphere of research, than the PM is. So, as the work is concentrated at comparing the HRM patterns of different kinds of small and medium enterprises, less attention is paid to family business itself, as a bright example of unusual and unique human relations inside each enterprise. At the same time, the present research is an attempt to satisfy the urgent need for studying the HRM processes in the small and medium firms; as such research has always been made for large corporations. The importance of HRM in each firm, either large, or small, is not argued. It is one of the principal ways for the development and progress of any organization. 2. Evaluate the literature review and the way that the researchers have used it to set research questions and design of the project. The research is based on a big number of literary works, relating to human resource practices and family business as the economic phenomenon. There is no argument about the fact, that it is easier to manage in the smaller environment, and the research relates to the works of Storey and Guest (1987), which suggest, that the key concepts of any human resource management are high flexibility, high quality, high integration and high commitment, but Guest's book was written for the big companies, and thus it is rather ambiguous, whether his ideas are applicable to the smaller business; this issue needs further research. On the contrary, the Storey's ideas as for the important role of communication and logic are very relevant for small family business, as the communication in any human relations plays one of the first, if not the first, role. The literature, chosen for the research, is seldom devoted to HRM in small firms, as this discussion has always lacked attention and interest, though it is understood, that the prosperity of small firms, and successful HRM, as a considerable part of this prosperity, is the main stimulation for the overall economic growth. (Dundon, 2001) The authors, who have devoted their time and books to the HRM, never really concentrated on the smaller and medium business, simply outlining the necessity for such research, without going deeper into the subject. (Legge, 1995; Bach and Sisson, 2000; bacon, 1996; Creagh et al.,

Critically appraise the developments, challenges and understanding of Essay - 1

Critically appraise the developments, challenges and understanding of corporate social responsibility (CSR), by business and academics in todays business environment - Essay Example They only need to strive to fulfil the several societal requirements. For this, they not only need to be socially responsible but also have to undertake ethical implication of their decisions. Considering all the emerging societal issues and requirement of the society from the corporation, it has been intended to demonstrate the aspects of corporate social responsibility in this paper. It will start with the historical development of the concept and then will exhibit the various theories related to CSR. The basic objective behind presenting this paper is to address the issues and challenges of CSR and to devise a new strategy considering the existing theories and further demands of the society from business entities. To validate the entire discussion, instances from an existing business will be undertaken. There was a transformation and drastic change from the hand-made items to the machine made products after the industrial revolution. It brought changes in the general life in both positive and negative manner. Impact of this revolution has been noticed in every field, such as art, music, architecture, literature and even in the man’s way of looking. Simultaneously, there was a rise not only in the working conditions and of declined pollution level but also in the number of working children and women. In other way it can be stated that the revolutions resulted in both dire consequences and productive. Therefore, requirement of society has also developed and with the passage of time outlook of the business entities has also changed. Not only the government sector but also the private sector has encompassed strategies based on corporate social responsibility (ICFAI, 2003). Again at the end of the Second World War, re-examination of the relationship between the community, state and the industry became necessary. The ‘US Marshall Aid Program’, Mac Arthur’s ‘Reconstruction Program’ in Japan and

Effect of Economic Factors on Stock Price

Effect of Economic Factors on Stock Price Effect Of Economic Factors On Stock Price With A Particular Reference To London Stock Exchange Introduction Its believed that an economic atmosphere is a major factor in determining the primary trend of a stock market. L H Beng (1998)The stock market, on the other hand, is often regarded as an effective and a reliable barometer of a countrys economy, and the stock prices are deemed as a reflection of future expectations concerning the economic well being of a country. Invariably, Stock, by its very nature, cannot be seen off as an independent entity from economic realities and performance. Consequently, it is of great interest to find out or examine the relationship between some economic variables and the pricing of stocks in the London stock exchange. This empirical study is carried out to examine the effect of economic factors on stock price with reference to FTSE100 price index of London stock Exchange. The main objective of the study is to examine some peculiarities or differences in terms of economic variables that influence stock prices in the London stock market. The effects of retail sales index, consumer price index and industrial production index (IPI) on stock prices shall be duly examined. The study makes use of regression model to analyze nine year (Jan. 2000 Nov. 2009) monthly data obtained on ftse100 price index and some identified explanatory variables among other numerous variables that could be identified to determine stock prices in any economy. Literature Review Series of empirical studies have been carried out on the effect or influence of economic variables on the stock price. P I Ojeaga V O Folajin (2009) showed in their study that stock price correlated with the price of industrial product and composite price index, also strongly related to the average naira dollar exchange, market capitalization, broad money supply and maximum lending rate in Nigeria economy. N F Chen, R Roll S A Ross (1986) argued that stock returns are exposed to systematic economic news, that they are priced in accordance with their exposures and that the news can be measured as innovations in state variables whose identification can be accomplished through simple and intuitive financial theory. The study was carried out with the use of efficient market theory and rational expectations inter temporal asset-pricing theory (Cox et al 1985). According to the study, industrial production and changes in risk premium have a great influence on the stock returns while index of oil price changes showed no effect on the asset pricing. Abeyratna G, Anirut P and David M P (2004) displayed empirically in their study that there is a long run equilibrium relationship between the stock prices and the rate of inflation, the money supply and the Treasury bill rate in an emerging market of South Asia. Mukherjee and Naka (1995) applied Johansens (1998) VECM to analyze the relationship between the Japanese Stock Market and exchange rate, inflation, money supply, real economic activity, long-term government bond rate, and call money rate. They concluded that a co integrating relation indeed existed and that stock prices contributed to this relation. R C Maysami, L C Howe and M A Hamzah (2004) concluded in their research study that Singapore stock market and the SES All-S Equities Property Index formed significant relationships with all macroeconomic variables identified, while the SES All-S Equities Finance Index and SES All-S Equities Hotel Index form significant relationships only with selected variables. Specifically, for the SES All-S Equities Finance Index, real economic activity and money supply were not significant, and in the case of SES All-S Equities Hotel Index, money supply, and short- and long-term interest rates were insignificant. Omran (2003) examined the impact of real interest rates as a key factor in the performance of the Egyptian stock market, both in terms of market activity and liquidity. The co integration analysis through error correction mechanisms (ECM) indicated significant long-run and short-run relationships between the variables, implying that real interest rates had an impact upon stock market performance. Maysami and Koh(2000) studied and found out that inflation, money supply growth, changes in short- and long-term interest rate and variations in exchange rate formed a co-integrating relation with changes in Singapores stock market levels. As revealed above, two variables (index of industrial production and consumer price index) out three highlighted variables have been tested by earlier researchers and the results showed a clear relationship with stock prices. In this study, the variables will be retested along side with retail sales index vis-a-viz London stock exchange. About The London Stock Exchange The London Stock exchange is the most important exchange in Europe and one of the largest in the world. It lists over 3000 Companies and with 350 of the companies coming from 50 different countries, the LSE is the most international of all exchanges. The London stock exchange is comprised of two different stock markets: the main market and the alternative investment market (AIM). The main market is solely for established companies with high performance, and the listing requirements are strict. Approximately 1,800 of the LSEs company listings trade on the main market, and the total market capitalization of 37 Billion. The LSE is completely electronic, but different shares are traded on different systems. Highly liquid shares are traded using SETS automated system on an order driven basis. This means that when a buy and sell price match, an order is automatically executed. For securities that trade less regularly, the London stock exchange implements the SEAQ system, where market makers keep the shares liquid. These market makers keep are required to hold shares of a specific company and set the bid and ask prices, ensuring that there is market for the stock. The LSE also has a new and growing exchange for equity derivatives called EDX London, created in 2003. In 2004, EDX traded an average of 382,599 contracts per day. It aim is to become the leading derivative market in the world (see http://www.advfn/stockexchanges/about/LSE/LondonStockExchange.html) Stock Market A stock market is a public market for the trading of company stock and derivatives at an agreed price; these are securities listed on a stock exchange as well as those on traded privately. The size of the world market was estimated at about $36.6 trillion US at the beginning of October 2008. The stocks are listed and traded on stock exchanges which are entities of a corporation or mutual organisation specialized in the business of bringing buyers and sellers of the organisation securities together. The stock market in the United States is NYSE while in Canada; it is the Toronto stock exchange. Major European examples of stock exchanges include London Stock Exchange, Paris Bourse, and the Deutche Borse. Asian examples include the Tokyo stock exchange, the Hong kong stock exchange, and Bombay stock exchange. In Latin America, there are such exchanges as the BMF Bovespa and BMV (see http//en.wikipedia.org/wiki/stock_market). Securities A security is a fungible, negotiable instrument representing financial value. Securities are broadly categorized into debt security (such as banknotes, bonds and debentures) and equity securities, e.g., common stocks; and derivative contracts, such as forwards, futures, options and swaps. The company or other entity issuing the security is called the issuer (see http://en.wikipedia.org/wiki/security_(finance)). Stock Market Index The movement of the prices in a market or sections of a market are captured in price indices called stock market indices of which there many, e.g. S P, the FTSE and the Euronext indices. Such indices are usually market capitalization weighted, with the weights reflecting the contribution of the stock to the index. The constituents of the index are reviewed frequently to include / exclude stocks in order to reflect the changing business environment (see http://en.wikipedia.org/wiki/stock_market). Ftse 100 Index It is a share index of the 100 most highly capitalized UK Companies listed on the London Stock exchange. FTSE 100 companies represent about 81% of the market capitalization of the whole London Stock Exchange. Even though FTSE All share index is more comprehensive, the FTSE 100 is by far the widely used UK stock market indicator (see http://en.wikipedia.org/wiki/FTSE_100Index). Industrial Production Index (Ipi) The industrial production index is an economic indicator which measures real production output. It is expressed as a percentage of real output with base year. Production indexes are computed mainly as fisher indexes with the weights based on annual estimates of value added. This index, along with other industrial indexes and construction, accounts for the variation in national output over the duration of the business cycle (see http://en.wikipedia.org/wiki/industrial_production_index). Consumer Price Index (Cpi) CPI is a measure estimating the average price of consumer goods and services purchased by households. A consumer price index measures a piece change for a constant market of goods and services from one period to the next within the same area (city, region, or nation). It is a price index determined by measuring the price of a standard group of goods meant to represent the typical market basket of a typical urban consumer. The percent change in the CPI is a measure estimating inflation (see http://en.wikipedia.org/wiki/consumer_price_index). According to B Hobijn D Lagakos (2003) CPI is the benchmark measure of inflation. Retail Sales Index (Rsi) RSI is a monthly measurement of all goods sold by retailers based on a sampling of retail of retail stores of different types and sizes. The retail sales index is often taken as an indicator of consumer confidence. Many analysts choose to look at the figure ‘ex-auto (excluding the volatile car sales figure). It is thought that this number is a better measure of across-the-board purchasing trends. The report does not include money spent on services, so it represents less than half of total consumption during the month. However, even with these limitations the figures are closely watched as an indicator of the health of the economy (see http://www.investorword.com/5768/retail_sales_index.html). Data And Methodology Of The Research Data In this research work, the data used are monthly market index data from Jan. 2000 to Nov.2009. Secondary data were obtained from yahoo finance (FTSE 100 index) and Office for national statistics (consumer price index, industrial production index and retail sales index). November data were not captured in the regression result because, data available for industrial production index does not cover November (the last data released was in October 2009). Methodology The method adopted is multiple regression model to analyse the quantitative relationship between ftse100 index and three explanatory variables i.e. index of industrial production, consumer price index and retail sales index. According to Gray Koop (2006, 2008 2009) Regression quantifies the effect of an explanatory variable, X, on a dependent variable, Y. Hence, it measures the relationship between two variables. The relationship between Y and X is assumed to take the form, Y= ÃŽ ± + ÃŽ ²X, where ÃŽ ± is the intercept and ÃŽ ² is the slope of a straight line. This is called the regression line. The regression line is the best fitting line through an XY graph. No line will ever fit perfectly through all the points in an XY graph. The distance between each point and the line is called a residual. The ordinary least squares (OLS) estimator is the one which minimizes the sum of squared residuals and provides estimates of ÃŽ ± and ÃŽ ². Regression coefficient should be interpreted as marginal effects (i.e. as measures of the effect on Y of a small change in X. Thus, multiple regression model in this research work can be represented as Y=ÃŽ ±+ ÃŽ ²1X1 + ÃŽ ²2X2 + ÃŽ ²3X3 +ÃŽ µ Where Y = stock price (ftse100 index) ÃŽ ± = intercept ÃŽ ² = coefficient for the explanatory variables X1 = consumer price index X2 = index of industrial production X3 = retail sales index Ε = Error (residual) Therefore the estimated regression equation is thus: Y=ÃŽ ±+ÃŽ ²1X1+ÃŽ ²2X2+ ÃŽ ²3X3 The multiple regression correlation coefficient,R2, RY.X1X2X32=(Y-Y)2(Y-Y)2 This a measure of the proportion of variability explained by the regression relationship model or the regression equation. Roughly, this means R2 is the percentage at which the model explains the changes in the dependent variable based on the independent variables. The standard deviation is the range at which there is +/- error with a 95% confidence level. In order to gauge the accuracy of ÃŽ ± and ÃŽ ² estimates, the use of hypothesis testing on regression coefficients become very relevant at 95% confidence interval. This is given as Null hypothesis H0: ÃŽ ²1 = ÃŽ ²2 = ÃŽ ²3 = 0 Alternative hypothesis H1: ÃŽ ²1 ≠  ÃŽ ²2 = ÃŽ ²3 = 0 If the P-value is less than 5% (0.05) then t is ‘large and the conclusion is ÃŽ ² ≠  0. But, if the P-value is greater than 5% then t is ‘small which means ÃŽ ² = 0. Analysis Of Results Regression Statistics Multiple R 0.74673553 R Square 0.55761396 Adjusted R Square 0.54597222 Standard Error 588.751002 Observations 118 Source: Regression results The value of R (multiple Correlation coefficients) obtained for the data is 0.75 which lies between 0 and 1 indicating a positive relationship between stock price index and the selected economic variables (consumer price index, industrial production index and retail sales index). It is significant to note that out of all the possible economic indicators that affect stock prices, 56% of changes could be attributable to real production output, inflation and goods sold by retailers as shown by above regression results. Coefficients Standard Error t Stat P-value Intercept -37034.902 3685.920336 -10.0477 2.15E-17 CPI 318.608541 33.76303871 9.436607 5.716E-16 IPI 226.107972 20.48881882 11.03568 1.053E-19 RSI -131.07512 19.96271818 -6.566 1.598E-09 Source: Regression results Considering the model specification presented and utilizing the results obtained after running the data through Microsoft Excel 2007 the estimated regression model becomes; STOCK PRICES=-37034.90+318.61(CPI) +226.11(IPI)-131.08(RSI) The regression result above shows that there is a positive relationship between stock price and consumer price index (X1). This is in accordance with earlier expectation stated. Having P-value as 5.716E-16 i.e. its less than 5%. It means ÃŽ ²1 ≠  0; null hypothesis will be rejected while alternative hypothesis is accepted. This indicates that parameter estimate is statistically significant, meaning that consumer price index has relevant influence in explaining stock price. P-value for X2 is 1.053 Ãâ€" 10^-19 which is less than 0.05, this shows that the result is statically relevant, it means, index of industrial production has a positive relationship with stock price. Therefore, ÃŽ ² ≠  0; null hypothesis should be rejected and accept alternative hypothesis. The above regression result shows a positive relationship between stock prices and retails sales index considering the P-value of 1.598E-09 which is less than 0.05. Statically, it shows that parameter estimate is very relevant and that, retail sales index contribute meaningfully to stock price determination in London stock exchange. Consequently, ÃŽ ²3 ≠  0; null hypothesis must be rejected while accepting alternative hypothesis. Conclussion This study examined the effect of economic factors on stock price; the scope was limited to London stock exchange. As a result, FTSE 100 index was used as an independent variable while index of industrial production, consumer price index and retail sales index were examined as explanatory variables. It was deduced from the result of multiple regression model used that, there is a positive relationship between stock prices (as represented by FTSE 100 index) and the above listed economic variables most especially in the London stock Exchange. This by extension correlates with the results of some earlier researchers on the subject matter. In safe guarding stock prices in London stock exchange market, it becomes highly imperative and a major point of consideration for policy makers when trying to influence the economy through changes in economic variables such as the money supply, interest rates, or the exchange rate while aiming to correct economic ills such as inflation or unemployment to always access its multiplier effect which may inadvertently depress the stock market, and curtail capital formation which itself would lead to further slowdown of the economy. References Abeyratna G, Pisedtasalasai A Power D (2004), Macroeconomic influence on the stock market: evidence from an emerging market in South Asia. Journal of Emerging Market Finance 3(3), 85-304. ADVFN (2010), ‘London Stock Exchange, http://www.advfn/stockexchanges/about/LSE/LondonStockExchange.html (accessed 4 Jan 2010). Gray Koop (2006, 2008 2009), Analysis of financial data, West Sussex, Wiley. 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