Computer Crime Hacking Research Paper Example

Computer Crime Hacking Paper Section 1: A brief description of the issue I have chosen to study, in particular indicating how my area of interest has changed since the project proposal, either because the actual issue has evolved since the initial proposal, or as a result of tutor feedback, or as a result of your research. Hacking involves using a computer to gain unauthorized access to another computer system. Although at first hacker was a positive term for a person with a mastery of computers who could push programs beyond what they were designed to do, it has by now become almost synonymous with illegal activities like breaking into protected computer systems, releasing viruses, stealing passwords or other sensitive data, denial of service so on. In my project proposal, I was only interested in the event of hacking crime and how hacking perpetrates a crime. As a result of my research, I have changed my interested area to the motivation and mentality of hacking, why hacking perpetrates a computer crime and finding solution to overcome hacking. We will write a custom essay sample on Computer Crime Hacking specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Computer Crime Hacking specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Computer Crime Hacking specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Unnumbered hacking crimes happens everyday. And the number of hacking crimes is still increase everyday. So overcome the hacking crime must be imperative under this situation. If we want to overcome hacking crime, not only know the motivation and mentality of hacking and why hacking perpetrates a computer crime, but we also need to research the participants of hacking and the rank of importance of difference participants. From analysis hacking, I should find out some appropriate solutions of hacking crime. Although hacking has already become synonymous with illegal activities or computer crime, hacking also refers as great skill and knowledge of computing. If hacking can performance following the ethical standard, hacking is also a kind of power that can advance technology and society development. Section 2: A description of the ethical choices involved in my issue. Where possible I should indicate both sides of the dilemma. My issue is concerned with control in use of computers and the development of computer systems. I think there is a line between right side and wrong side of my issue hacking. The line should be the computing ethics. First, I will talk about the right side of the hacking in my opinion. Hacking involves using a computer to gain unauthorized access to another computer system. It acts requiring great skill and knowledge of computer systems. No system or software is one hundred percent secure and safe. With the help of hacking we can detect system or software security problems. And we can detect new flaws and bugs all the time. Therefore we need to build newer and better versions of software to overcome the found flaws and bugs. If there is no hacking in the world, the technology wont have advanced to todays standard and we wont have the improvement in software and system that we have today. So the hacking can advance the development of computer system. Hackers only need all information should be free. If all information were free there would be no computer crime happens. It would save money, time, and resource to do the protection of the system or software. So hacking advance the freedom of information. Hackers are doing no harm and changing nothing. The hacking cannot cause assault and battery to anybody. Hacking merely learns how systems operate. Hacking doesnt disturb human natural life. But in my opinion the hacking has another wrong side. Although hacking doesnt cause assault and battery to anybody directly, it usually performances activities like breaking into protected computer systems, releasing viruses, stealing passwords or other sensitive data, denial of service so on. And public announcements of hacking may affect customer trust and privacy. So hacking is damaging computer ethics, peoples privacy, and human rights. Hacking has already perpetrated a crime. So we need to detect and overcome hacking. But overcoming and detecting hacking usually spends high cost of time, resource, and money. So hacking is the reason to run to waste. In conclusion, if it performances following the ethical standard, hacking will seemed to be right and should be developed. If it perpetrates a crime and does harm to human and society, hacking will seemed to be wrong and be overcome. Section 3 An identification of the primary, secondary and implied participants in the issue. Primary participants * Hacker has extraordinary programming skill, cleverness in the face of difficulty, an ability to suspend all other activities while producing a solution to a problem, an appreciation for a clever solution to a seemingly insignificant problem and uses a computer to gain unauthorized access to another computer system. * Company, be hacked, computer system be broke in or password is stolen, the casualty in hacking crime. Secondary participants * Programmer, has sound programming skill, responsible for developing system and maintaining system * System analyst, responsible for doing researching and analyzing system, making decisions in the development of the system, and testing the system. * The customer, who is the customer of the company that is hacked, who is the user of the software or system that is hacked Implied participants * Students, be clever, have enough time to commit a crime, love computer, and have extraordinary programming skill. [primary implied participant] * Programmer, who built software to detect system or software security problems and the software, is misused by hacker. [primary implied participant] * Company white collar, uses computer every day and has sound internet skill. [secondary implied participant] Section 4 Outline of key points, actions or decisions in the issue, and a justification or discussion about those key points, actions or decisions. You should try to use ethical and professional principles in your justification discussion. The motivation of hacking * Economic motive I read an article about the hackers in a magazine. A pressman asks a hacker: why do you hack? The hacker answers: For money. Most of hacker hack computer for heist money. They use their greater computing skill and knowledge to gain unauthorized access to another computer system easily. After they break in the system, they can heist money as they wish. There is a case about the economic motive of hacking: In late 1980s, First National Bank of Chicago is the victim of a $70-million computer heist.[www.sptimes.com/Hackers/story_level.html; Article Title: A history of hacking] According the case above, we can see in that event First National Bank lost 70 millions dollars. First National Bank is the direct victim of this event. And the customer is the indirect victim of this event. The hacking has damages the customers natural life and human rights. The hacking in this case has perpetrated a crime and not been ethical. * Occupationally related Some employers dont satisfy the employees. Therefore the employers hack the companys computer system to retaliate the employer. The employers break in the companys computer system to distribute computer virus, maliciously delete companys important files, or make some changes of companys account to obtain fraudulent credit. If the employers do like that, the employers have perpetrated a crime. Because the employers damage the company, and customer trust and privacy by hacking. Finally the employer will be punished by lawing. * Understanding systems Some companies usually find some hackers to hack companies new system. Every company wants to build a security and safe computer system. But there is no one hundred percent security and safe system in the real-world. The company wants to find the bugs, flaws and any other problems with the help of hacking system. So the company finds some hackers using different great computing skill to hack the new system to detect the problems as soon as possible before the system is used. Hacking can advance the development of computing system. In that way, hacking will be professional ethical. * To find stimulate and challenge Some people like to hack computer systems because they want to find stimulate challenge. Most of this kind of people is student. Student has enough time, computing skill or knowledge, and curiosity to hack computer systems. I heart a case that several years ago, two students hacked U.S. National Defense Department computer system. At last, the two students were caught. Because hacking a computer system without the permission of the host or the owner of the system is an illegal activity. Breaking into computer system with unauthorized access is also not ethical, because it damages the department security. All above show that, if the motivation of hacking is for self economic motive, heist money, retaliation or any other things, it will be seemed not ethical. If the motivation of hacking is for advancing the development of system or software, it will be seemed professional ethical. In another word to say if you hack a computer system with the permission of the host or the owner of the system, your action will be ethical and legal. If not, your action will be not ethical and illegal. And greater the crime you perpetrated, higher the gallows you will be punished. Characteristic of hacking * Learning something special of a programming language or system Hacking is a special skill in using programming language that cannot be learned from the lecture of university. Someone wants to learn the special things of programming or system from that. * Producing and practicing the programming is better than just theorizing about it Hacking is more important in practicing programming. If you just theorizing programming and never producing/practicing programming, you will never hack system successfully. * Appreciating someone elses hacking Hacking doesnt only need great skill and knowledge, it also needs interesting. Some hacker doesnt know what is hacking before becoming a hacker. He will know hacking from appreciating someone elses hacking. He is interesting in hacking and start to learning harking. * Learning a new programming language fast A good hacker must have the capable to learn a new programming language fast. In the real-world, the technology is changing and increasing fast. And the system is building more security and safe using different and new technology. So a good hacker should have the capable to learn a new programming language fast to fit the real world. * Hacking needs great computing skill and knowledge Hacking a system means breaking in a system. It doesnt only need to know how to build a system, but also needs to know how to find a bug or flaws in the system to break in the system. So hacking need great computing skill and knowledge. From the characteristics of hacking you can know hacking is a very professional speciality. It needs a person have great programming skill and knowledge, cleverness in the face of difficulty, an ability to suspend all other activities while producing a solution to a problem, an appreciation for a clever solution to a seemingly insignificant problem. If the hacking doesnt follow the computing ethical standard that damaging computer ethics, peoples privacy, human rights and our natural life, it must be overcome as soon as be detected. If the hacking follows the computing ethical standard that advance the development of system and IT industry, it will be gone on developing.

Free Essays on Hispanics In The Work Force

The author gives you a good look into reality on Hispanics in the workforce here in America. Hispanics are the one of the largest minority groups in the U.S. today. Hispanics accounted for more than half the country's population growth. They are of either immigrated to or were born here in the U.S. They value education, family unity, religious faith and a good work ethic. Early Hispanics motives for up rooting their families and themselves to come to the United States was to escape overbearing governments and for religious freedom. Now they come in search of work, taking the risk of crossing the boarders and then the desert. Some make it and some die, but they all want the same thing ‘the American dream’. They are becoming the new labor force that is replacing a workforce that is aging out. They are taking the jobs that the older population won’t do anymore or can’t do. They are mostly taking the bare minimum wage positions that require a lot of hard work. The jobs that they hold consist of what the average white person will not do for the pay that is offered leaving it open for the Hispanics. Hispanic people are considered cheap and good labor and a lot of companies would prefer to hire a Hispanic person over a white for less money. Despite the fact that there are so many Hispanics in the workforce, companies are slow to update communication and management styles to include the Hispanic employees and not to just cater to the practices to suit non-Hispanic, White and other employees. Hispanics are very diverse people covering about twenty different countries. With this you can realize why some are educated and some are not and while others can speak English and some can’t or don’t. Some countries are more underdeveloped than others, which explain why some Hispanics from those countries cannot speak English much less read or write their own language. Companies seam to over look this, but if they want to keep up with them... Free Essays on Hispanics In The Work Force Free Essays on Hispanics In The Work Force The author gives you a good look into reality on Hispanics in the workforce here in America. Hispanics are the one of the largest minority groups in the U.S. today. Hispanics accounted for more than half the country's population growth. They are of either immigrated to or were born here in the U.S. They value education, family unity, religious faith and a good work ethic. Early Hispanics motives for up rooting their families and themselves to come to the United States was to escape overbearing governments and for religious freedom. Now they come in search of work, taking the risk of crossing the boarders and then the desert. Some make it and some die, but they all want the same thing ‘the American dream’. They are becoming the new labor force that is replacing a workforce that is aging out. They are taking the jobs that the older population won’t do anymore or can’t do. They are mostly taking the bare minimum wage positions that require a lot of hard work. The jobs that they hold consist of what the average white person will not do for the pay that is offered leaving it open for the Hispanics. Hispanic people are considered cheap and good labor and a lot of companies would prefer to hire a Hispanic person over a white for less money. Despite the fact that there are so many Hispanics in the workforce, companies are slow to update communication and management styles to include the Hispanic employees and not to just cater to the practices to suit non-Hispanic, White and other employees. Hispanics are very diverse people covering about twenty different countries. With this you can realize why some are educated and some are not and while others can speak English and some can’t or don’t. Some countries are more underdeveloped than others, which explain why some Hispanics from those countries cannot speak English much less read or write their own language. Companies seam to over look this, but if they want to keep up with them...

Aggressive Behavior In Pre School Children And Young People Essay

Aggressive Behavior In Pre School Children And Young People Essay According to the American Academy of Child Adolescent Psychiatry, children as young as preschoolers are capable of aggressive behavior. Children younger than five years of age can display different forms of aggressive behavior. These different behaviors can come in the form of temper tantrums, fighting, pushing and even actions that are directed toward harming animals. The behaviors that are exhibited should be taken seriously as they tend to carry over into adolescence and many times adulthood. Aggressive behaviors should be addressed in children because their potential for harming others or themselves is high. Young children, younger than the age of five, who are prone to pushing, biting and hitting, in some cases, display this type of aggressive behavior in order to get attention. Others develop behavior that stems from frustrations of toilet training, illness, hunger, moving, divorce and even the birth of a new sibling. Some of this behavior tends to disappear as the child gets older and begins to develop a greater level of social skills and are able to deal with not being the sole recipient of attention. Educators and parents alike who learn to recognize the onset of these behavioral tendencies have a better chance of addressing the behavior and getting the proper attention in order to attempt to prevent these behaviors from escalating. Children who have not learned to deal with aggression by the age of four or five often need to have intervention sessions that are conducted by mental health professionals. Some children respond to therapies alone while some need therapeutic sessions and medications to control their aggressions. Being able to recognize some of the signs of potential aggressive behavior in young children are related to those who do not often interact with others, children who do not listen or follow Aggressive Behavior in Pre-School Age Children 2 Directions, those who seem unattached and do not make eye contact; these signs tend to signal a child may develop aggressive behavior and should be watched for in an environment like a classroom. Why Young Children Show Aggression Most young children who push, hit or grab are doing so to get attention and get their way, according to the California Childcare Health Program (CCHP). Many children between the ages of one and five have not developed the skills necessary to communicate properly to make their feelings and desires known, and are more likely to experience frustration in group settings, or if the child has limited motor control and verbal skills. This frustration comes out in the form of aggression, writes the CCHP, and can be exacerbated by child stresses like hunger, toilet training, illness or tiredness. Still others may display aggressive behavior following a major environmental change such as a new sibling, a divorce or a move. Photo Credit temper image by Lisa Eastman from Fotolia.com Children as young as preschoolers are capable of exhibiting violent behavior, according to the American Academy of Child & Adolescent Psychiatry (AACAP). Aggressive and violent behavior can be upsetting to everyone around a child, and should always be taken seriously regardless of how young the child is. Because children who are aggressive often continue to have related problems as they get older, it is important to address behavioral problems early.

The Historical Development of the Bureaucracy Essay

The Historical Development of the Bureaucracy - Essay Example Political scientists have identified four major periods in the history of American bureaucracy. The first, called the Government by Gentlemen (1789 - 1820), was marked by the dominance of people from elite families in the professional bureaucracy. In the next period (1830-1870), the bureaucratic positions were filled up by members of the major political parties that were lucky to win the presidential elections. In this connection, the number of people from middle and lower strata of society among the officials has dramatically increased. Many progressive changes were introduced into bureaucracy in 1880-1920 - it was reformed with the focus on balanced, rational administration. The fourth period that coincided with the period of contemporary history deepened depoliticization and professionalization of the bureaucracy. Its formation is now conditioned by competitive selection (Merit System). At the end of the 20th century, the number of federal employees in the United States has reache d 3 million people. 90% of all job positions were filled solely through a competitive process. In recent times the bureaucracy is regulated by a number of decrees and laws imposing specific legal and ethical standards, for instance, the U.S. President’s Executive Order of October 17, 1990 - Principles of Ethical Conduct for Government Officers and Employees. One of the provisions runs that public service is a sphere of activity that excludes any personal or other financial interests that can prevent acting in good faith.

Buddhist Psychology Essay Example | Topics and Well Written Essays - 2000 words

Buddhist Psychology - Essay Example But as we begin to discover more of ourselves, and we begin to understand and honor the presence of things and people around us, we become less of a person who is self-seeking but we are slowly being transformed to become self-giving. The more we enjoy the meaning of ourselves, the more we want to share it or give part of ourselves away. As we get to know each other more, it is much simpler to be generous to others, in almost everything. This is because of our increased sense of security, we have taken from our self-awareness. In my opinion, a person who is self aware, is less insecure. We become more comfortable even in unknowns spheres and parameters. We are no longer confined to restrictions and it becomes a need to share what we are and who we are. Buddhism or Psychotherapy invokes that the further we look at/into our selves the further we are perpetuating the notion of no self. No self basically means letting go of narcissistic notions and furthermore allowing oneself to become part of a bigger picture in the world. This may sound very paradoxical but this can be explained in several ways. For example, the more we are in touch with our senses, the better we perceive the senses of others. Our personal sensitivity becomes not just means to promote our own needs but also to meet the needs of others. Simple fact such as being sensitive to foul smell, we cannot just easily ignore it, because our senses can perceive it, at the same time we subconsciously know that others smell it too, thus we begin to "care" about others, and how they would perceive things. This is purely a function of departing from our own self.Such tendency allows us to discover our inner connection to the world and other beings. As Aristotle says, men indeed are social beings. We are born to form communities and relate with fellow beings. This way of looking at ourselves, will definitely bring us back to the essentials of becoming social beings.According to Mark Epstein, "What Buddhism teaches is that the connection, the ability to find intimacy or connection, is inherent within us, and that if we can j ust surrender back into that capacity for love, that is all of our birthrights--all babies are born with that; they instinctively love their caretakers. So if we can find that again, then our relationships will take care of themselves."(Epstein, 2005) Mark Epstein pioneered the Eastern teachings of non-self, something that is so different and new to the Western mind. Instead of the usual or traditional Western teaching of separation, individuality as the ultimate psychological goals of human development, he opted to create a theory that is based on connection. Through Buddhism, the idea of "self" becomes a part of a certain whole- which is the universe. Each soul or person becomes a vehicle of spirituality, common to all people. Thus, if we look deeper within ourselves, we find it natural to relate and connect with other people because there is something common amongst all of us, it can be the presence of a higher being within us, or simply the common kind of spirituality which has

Sox Key Main Aspects for a Regulatory Environment Essay Example for Free

Sox Key Main Aspects for a Regulatory Environment Essay Sarbanes-Oxley Act was passed in 2002 by former president George Bush. Essentially to combat the Enron crisis. The Sox Act basically has regulatory control and creates an enviroment that is looking out for the public. Ideally this regulatory environment protects the public from fraud within corporations. Understanding, that while having this regulatory control at times the Sox requirements need to be tweaked or amended. Not only now but in the future as well. The main aspects of the Sox act are essentially looking out for our welfare as a consumer. Our government has the obligation to regulate and facilitate any rules to enforce with a corporation to protect the American people. The Sarbanes-Oxley Act of 2002 came into its own in the summer of 2002. The act got its name from Senator Paul Sarbanes and Representative Michael Oxley. Essentially these two gentlemen were the founding fathers of this act. They set up the framework for compliance and regulatory controls. The Sox is formatted with 11 different titles, however for compliance regulations there are six important sections. These sections are; 302,401,404,409,802, and 906. Each one of these is the backbone of the Sarbanes-Oxley Act. One section in particular is a key component to hold corporations accountable; that would be section 302 of the Sox act. Essentially making both the CEO and CFO sign off on all financial documents. This is huge for any company. The reason being it holds people accountable, which in any business is essential for its own sustainable success. If the CEO has to review every financial document and essentially is putting his career on the line and to avoid a jail term. Each financial document is going to be scrutinized by him before he signs off of the financials. Another important article of the six is section 401 of the Sox act. This act pertains to financial disclosers, and to make sure each one of these are accurate and has no mistakes or errors. Essentially everything needs to be documented and accounted for. Basically another check and balance to assure that the financials are done right and the people doing them are held accountable. Article 404 of the Sarbanes-Oxley act is another article that is a huge key in regulatory compliance. This article is defined as Assessment of Internal controls. Essentially making companies or corporations publish information about their controls and procedures for financial reporting. Article 409 is another key component to the Sox act. This article is defined by Real Time Issuer disclosures. Essentially a company or corporation is required to disclose portent financial information to the public if there is a sudden change to their financial condition or something within the operational realm. Also when this is disclosed it has to be done in layman terms for everyone to understand. Another key step in holding people accountable and regulating companies or corporations. The one article that everyone will pay attention too is section 802. This is the criminal penalty section. This section is defined by Criminal Penalties for altering documents. Essentially stating that any destruction, falsifying or hiding and not disclosing any financial information is punishable by a 20-year prison sentence, fines and various penalties. Another step of accountability in relation to section 302; a CEO is subjected to these terms and does so willingly when he signs financial documents. Another check in the system is the accountant who is providing the CEO with these documents is also held accountable by a 10-year prison term. This is great for accountability within an organization. Now the question would be for the future can the Sarbanes-Oxley Act work? And what are the ramifications in a long-term projection? In some ways I feel this act could be sustainable in a long-term scope to keep companies  and corporations in check. However I think this was created after the Enron situation and purely done because of that. Our government instead of being proactive was reactive and came up with this act for pure necessity and panic and public outcry. However even if that’s the case, this did at least set a framework and accountability for companies and corporations. Going forward this has worked for at least 10 years or so, however it should ratified to more current times and situations. Clayton Brite tends to agree with me; â€Å"When looking back upon the first ten years of the Sarbanes-Oxley Act, one can only conclude that it has placed an undue burden our public companies and stifled our economic growth. The Act’s costs have greatly outweighed its benefits and thus needs reformed. Its effects have been perhaps more pronounced by the current financial crisis and the slow economic recovery. It is my opinion that lawmakers felt the pressure to punish corporate Americans when they should have focused their attention on trying to reduce information asymmetry. Sarbanes-Oxley was written and passed within one month in 2002. With the empirical evidence we have now in its first decade of existence, it is time to go back and reform Sarbanes-Oxley and ease some of the burdens it has placed on companies which fall under its punitive purview, (Brite, 2013)†. So essentially I feel this act is not going away. I like the act and the fact people are held accountable for their actions. I like the sign off by the CEO and how they are held accountable as well. I think in some respects the Sox at should be modified and possibly have harsher penalties applied to assure that Enron will never happen again. We shall see moving forward! References Addison-Hewitt Associates. (2006). A Guide To The Sarbanes-Oxley Act. Retrieved from http://www.soxlaw.com/ Investopedia ,(2014). Sarbanes-Oxley Act of 2002-SOX. Retrieved from http://www.investopedia.com/ Rouse, Margret. (2007). Definition of Sarbanes-Oxley Act. Retrieved from http://searchcio.techtarget.com/definition/Sarbanes-Oxley-Act Brite, Clayton. (2013). Is Sarbanes-Oxley A Failing Law? University of Chicago Undergraduate Law Review. Retrieved from; http://uculr.com/articles/2013/6/30/is-sarbanes-oxley-a-failing-law

Age Of Jackson Essay -- essays research papers

The Age of Jackson, written by Arthur M. Schlesinger, focuses on the long lasting effects of Andrew Jackson on democracy and American politics. The novel starts off with Jackson’s life story, a lowerclass boy from the west, raised by a single mother. After finding financial success on his own, he became well known for his military exploits, being a crucial factor in the Battle of New Orleans, and the acquisition of Florida from the Spanish. After the brief account of Jackson’s life, the author moves on to his administration, and stays with that topic for most of the book. By the time Jackson came to power, the nation had been drastically changed by the Industrial Revolution. The simple, pastoral, agricultural lifestyle was being replaced by the manufacturing world, of cities and factories. Politically, the nation was in great turmoil. There was still an everlasting debate among men in power, over what should prevail, the rights of the states, or the rights of the Federal Government. If not for several personal reasons, Jackson would have been a staunch advocator of states rights. The right to vote was still a major issue, the middle class feeling robbed of power in governmental decisions, the upperclass feeling threatened by the growth of the middleclass. However, Jackson brought with him many new ideas and principles. Since he himself had very modest roots, he sympathized with the middle and lower classes. He had worked for everything he had of value in life, and he acknow...

Bags

BAGS Whole document is based on my observation of bags at places, time and culture. I have tried to critically analyze and examine that how people wear bags at different places like streets, parks, shopping center, railway station and how their unconsciousness of mind changes the style of carrying it for example people hold their bags tightly in the railway stations its not because somebody is stealing their bag at that moment but in reality people are scared of pick pockets present in the surrounding and moreover announcements which are being done again and again has left a mark on people’s mind.Now even sometimes you notice there is no announcements going on but still people carry their bags so tightly as if they are going to be robbed, it just because of unconsciousness of mind which is ruling ones body language. I have also observed different types, shapes, sizes and colors of bags, and tried to judge the hidden meanings behind the scene, different perceptions and use valu es of the bags.Lets take an example of fashion orientated women which I have observed in the gally lafatte to them a tiny clutch in hand or back pack slung over shoulder, never mind what is inside in it, the thing which matters to them is a bag, which tells their whole life story, her reality and her dream. This type of behavior pattern is may be because handbags are visible on the body and gives the wearer chance to show off and publically declare their status, fashion statement or inspirations like Channel, Hermes silently.Today when you walk into any luxury brand store any where in the world, you will find yourself surrounded by millions of identical bags who have lost their meaning since they are mass produced as Marx says, â€Å"Abstract member of species identical by definition with its other member. † (Taken from class handout) In simpler words, today buying a luxury brand handbag is an exercise in banality, where you walk into the well appointed store pass the chic su ited security guards, see different peruse what is on display, choose one of them, pay bill and walk out with your purchase.The shopping experience may have been pleasant but in the end it was not a different experience then going to the H&M, ZARA or GAP, except from the price. There is nothing unique about the handbag: the brand has churned out thousands of them, absolutely identical. But this fact cannot be ignored that the handbag, which has been brought temporary satisfies our desire and makes us feel special by this thought that we own something, which is socially recognized and well perceived by the materialistic society who recognizes a person from its possessions owned.Despite this worldly feeling which excites us that we ignores the fact that bag which we have brought might not be able to fulfill exactly what we desired or excepted to be in our mind before going to the shop. This can be only possible if we place a special order to have something custom made especially for u s, according to our wish list. Practically speaking in present world there are hardly few companies who produce like this.Hermes would be the perfect example to discuss but they are extremely expensive out of the range of ordinary person so what you get in usual cases is a ready -to -carry bag. Hermes bags on display in the store are just display models to show options, you choose the material, order according to your desired size, color and shape. Then you wait for several months until it is made according to your specifications. When it arrives in the shop they invite you to pick it up, it your bag because of its unique style of making it.When I visited Hermes store I realized most of the designs have been around for century and they still have long waiting list not because they are in fashion but in actual they never go out of the fashion. Hermes bags don’t have logos because bag themselves are sufficiently recognizable. They convey the image of old money, craftsmanship an d refinement _ even if those who carry them have neither. They are luxury discreet symbol of wealth and success.It helps us to understand what luxury once was and what it is no longer. Handbags have become an intoxicating lure, which we don’t realize but it in reality it is killing every single women from inside who cannot afford to buy. Their obsession to have a bag is mounting to such great extend that even don’t bother from where it is coming, only what matters to them is bag and how they can have it regardless of this fact that whether their pocket is giving them permission to purchase it or not.This time when I went back to the Pakistan I observed some girls who belonged to a very reasonable family but this bags lust badly hooked and disturbed them to such great degree that they started to work as prostitutes just to earn enough to get a Channel, Dior or Hermes bag. I know it sounds bit unrealistic but unfortunately it is bitter reality of this cruel society, who have pissed off those poor girl under the pressure of so-called high society where if you don’t carry a nice expensive bag, then you don’t have a right to socialize because there persons are not one who meet with each other its actually things who are displayed on the show.This whole drama staged increases the importance of a bag that it why automatically gets surrounded by thick clouds of wealth and privilege or in simpler words its a way to show off yourself to the society that you are doing well, despite this fact behind the picture that how much you have sacrificed to buy a bag. Once I read a very interesting article written by English journalist during London fashion week in 2006, â€Å"Everybody-everybody is talking about handbag with the intensity of cardinal appointing a new POP†From this we can imagine how serious bags are taken regardless about which culture east or west you are talking about. Women obsession with logos has become such a big part of we stern society that contemporary artists riffed on it, they states these luxury brands often creates great displeasure. Understanding bags phenomena today is not an easy question to answer, it is actually very complicated in a highly complex society where its use values iffer with time-to-time or person-to-person, even if I take my example I might also use my Never full (LV BAG) for various purposes. While going to the university I always use that one because I find it more practical, spacious, strong ideal to put my books and laptop rather then my Armani bag which is new latest above of all its in my favorite color red but still I like to use my Never full more while I am traveling or going to university reason behind might be, that it provides me grater level of comfort and enable me carry my stuff easily.Where as in night when I am going out with my friends, I might prefer to use Armani bag or may be Never full but this time its meaning, purpose would change as it will be more lik e a fashion statement and representative of my personality. To me my bag says everything about myself_ my taste, my style, in short it explains my whole life history and at the same time it represents my present thoughts prevailing in my mind, my mood swings etc. From here we can analyze this small thing â€Å"bags† have become necessity of our lives, which is actually more like our mirror image reflecting unsaid things about us to the society silently.Most interesting thing is that people not only understands this ideology but also responds to it. So we can conclude like this from street bags like H&M, ZARA and MANGO to Haute couture collection, handbags have become carriers of the secret, signifier of power, status and beauty for women or we can say it other way around as it is a keeper of the equipment of daily life which have been strongly influenced by technological and societal changes such as the development of money, jewelry, transportation, cosmetic, smoking, cell ph ones and role of the women in society.In this wonderful modern world of bags in which huge array of different designs and colors have made ones life more complicated, instead of giving pleasure to own something it has become source of displeasure. Even a richest lady cannot afford to buy all desired designs and colors of bags, because everyone has certain limit to purchase things which does not allow her to have all unlimited designs displayed in a market.Every women is badly in love with handbags but they feel reluctant to express themselves that’s why they take shelter of different excuses for example once I heard a women saying that I pay high price for Hermes or Louis Vuitton bag, because their high quality makes it timeless, radiates richness, glamour and excellence_ even if it is but it does not mean you are paying hundreds of dollar for these factors ignoring your pending credit card, electricity, phone bills to make up for the alligator skin.Have we ever thought why w e do this even when our pocket doesn’t permit us? Is it really important to prove our financial status or power from bags, do we? Personally for me the answer is no, you buy a bag to satisfy your desires, needs and wants _not to show off or to prove somebody that you have power to purchase a bag. I think real power is gaining government positions; raising healthy kids, leaving an abusive relationship, fight against corruption. That’s real power. Power isn’t that poor, dismembered crocodile you’re lugging around everywhere you go.If you have Hermes or LV bag that’s good for you nobody has to do something with its that’s all about our mind, who thinks you have succeed in this world trust me no one even bothers and nor you suddenly gain status in life or neither your nose turns from it natural position to more elevated position. Seriously to me having an expensive bag will never help you to gain respectable position in the society it’s y our behavior, good deeds and nice gesture towards other which actually succeeds in the world not these bags.I don’t know how even a reasonable educated women think like that, why they don’t understand this simple fact that how a man made thing can make once personality on the whole, I am not denying this truth that to some extend it contributes to once look but we cannot give full credit to it. If we will then to me its like you are not giving any room to the rest of the factors education, your brought up and moral values which you have been given by your parents. Don’t feel from my argument and observations that I am against of handbags;I am just opposing wrong behavior pattern, which is being developed by this so-called society in which we live and we don’t realize it, but this problem is growing day by day it has become serious matter of life and death which need to be considered. I know women without her handbag feels as lost as a wanderer in the dese rt because I am also one of them but it does not mean that we should forget everything just go out in a search of nice Hermes leather bag. After all we have other social responsibilities, which should be cater on first priority.Basically handbag is the movable base for supplies or a depot of women expected needs. These eventual needs may reach out to a degree far beyond any man’s power of imagination and becomes a mysterious dungeon. The typical handbag of typical women contains a certain number of fundamental things, plus her individual touch, it is that individual touch that fills the bag. Some item is pretty sure to roll out the moment the bag is opened. Every woman’s handbag is lost and found department in itself. It is strange, but things actually disappear there, as by magic.And then few minutes later, it finally reappears on the surface after three or four investigations. Most funny part is that every man knows about this two-minute drama, which is repeated almo st everyday in life, â€Å"Heaven, I must have lost my watch, or my keys, that important letter† It usually has a happy ending by saying, â€Å"Oh I found that†. Nothing gives a man more self-satisfaction than such an experience, which explains whole myth of the superiority of men is built on the fact that a man never carries a handbag.Moreover it help to develop man’s relationship with her girl even more stronger when he lifts her bag while she is trying on clothes in try room, going to public toilet and she doesn’t want to carry it, when she is holding his baby or too tried to hold it while shopping. This whole act of holding a bag shows a kind and sweet gesture of a man being developed on these bag phenomena, which played a role of bridge between two people, thus bringing them even closer to each other. In order to have better understanding of what is a bag? , How serious they are taken today?What is the current status? _ Hunting these answer since las t two months finally I ended up with an experiment of my theories about bags and how people perceive it, moreover further analyzing how their behavior changes with the power of bags. I went to galle lafate several times in different clothing styles and bags, I won’t take individual brand name because I feel as I am singling or pointing out any particular one among all which is unfair-there what I observed was the treatment gap is likely to occur in almost all luxury retailers based on consumer possessions owned.First I went in carrying a really old bag, which I even don’t remember myself when I used that last time along with this, I wore my last year faded jeans which is almost out of the fashion now days but on the top I wore really nice shirt which I recently brought from Zara, what I noticed was complete ignorance from salespersons who were passing me weird looks and they might be thinking in their mind who let me in this luxury store because my physical appearance reflected an image of below then average class girl who even don’t have a right to see these things but in reality that time I was carrying 500 euros in my bag.Then second time I went in wearing the same jeans with last year top and carrying a regular nice bag which I usually use for everyday grocery or random shopping with 300 euros in it, what I felt this time was quite similar to first one complete ignorance but with little improvement this time there were not passing me those weird looks which were quite embarrassing thank God.Then next time I went there wearing that same jeans and a really old top on it but this time I was carrying my Never full LV bag _you won’t believe it what happened the moment it stepped in the same brand shop were I went before I heard â€Å"hello† from the sales person who was standing right on the front, seriously I was so amazed to see that because she was the same one who passed me such wired looks and now she was greeting me as i f I am a princess. In fact whole time she was there to attend me. Trust me suddenly whole world fell under my knees, asking again and again that how I was doing? Or whether I need some help? I was not dressed any more expensively- in fact I was wearing clothes that would hardly cost 25 euros but the empty bag from inside was only one thing that people could see from outside. Seriously if I had been gone naked carrying my LV bag, I don’t think anyone would stop me or ask me to leave. Of course, this was a strictly informal and non-scientific test, and I’m sure that sales persons at stores would have been happy or at least compelled, if not enthusiastic to help me when I was carrying my regular or old bag and they might have attended me if I had approached or asked them to help me.But from this experiment I got a very clear message that bags are likely to be one of the most important accessory even more important then our clothes which normally persons look upon and judg e whether we are worthy of positive attention and interest by others or not? In short bags is a big deal and understanding that how you should dress largely depends on our bags. So we can conclude this whole experiment by saying, â€Å"yes bags have an ability to change once perception about you. And In this so called- perfect world where its really difficult to judge once mind because society in which we live isn’t without flaws, so for the time being if you want to survive in this materialistic world its better to settle the situation by having nice branded bag to show others you are doing well, even if in reality you are not but it doesn’t matter because you have shelter of your branded bag under which you can hide your reality.I know this is silly to hear but unfortunately this is an easiest solution so far I am able to find, if you really want to be treated as respectable person in this brand conscious society, where they look your bag first and then decide wheth er to talk or not. From the beginning, I knew this was going to be the result but when it happened actually I went into the shock after looking such diversified behavior, which would be even better to say, two opposite ends of one’s personality you can see from this bag phenomena.I would like to sum up my whole document by summarizing what Marx and Benjamin thinks about bags in today’s world and what I have perceived about bags from my last two months observations. Marx is a sociologist and Benjamin is one of his followers, they both focuses on the things taking place in everyday life and strongly rejects the idea of expanding mass culture which is tied to industrialism. They view act of creating an object (for example a bag) as an exercise where worker embodied his sprit to the object and make it special from his feelings, but introduction of mass culture has divorced mankind from the real object.So the bags, which are being manufactured now days are to them, soulless and objectified, Moreover Benjamin feels these bags on display in luxurious stores like Luis Viton store are scene of destruction where workers stand as customer in the foreground who is not capable of buying it, in short in his believe people are enthroned to merchandised, where they are being manipulated by the objects which are out of their approach and at the same time they enjoy feeling of alienation from themselves and others because their social need are not meet when they forced to work whole day with machines, resulting in soulless ready to carry bags available in the market who have lost their actual meaning.I would totally agree with both of them because I also view quite similar to them, now days in actual society has become classless, objectified and materialistic who only look forward to MONEY AND MONEY that all, nothing more then that if you carrying nice expensive bag only then you have a right to breath otherwise not. Seriously I don’t understand why is that so? Why a normal person don’t have right to carry what they like or what suits they budget? Why there is always society pressure on one’s decision making? Why they don’t they analyze person from its skills and ability of doing something instead of looking upon her bags that how many branded bags she own? I know these questions are very frustrating and cannot be answered quickly at once because people behavior pattern vary a lot with time-to-time, person-to-person, culture-to-culture but all it ends at one point â€Å"obsession of bags† and its â€Å"growing hunger† to have more and more.

The Determinants of Consumer Price Index in Indonesia

[pic] THE DETERMINANTS OF CONSUMER PRICE INDEX IN INDONESIA Instructor DR. Moussa Larbani Prepared By Ali Faris(G0912449) Imala Hussain(G0822498) Ma Yue(G0918271) Mia Fathia(G0827756) Nurma Saleah(G0912298) Suthinee Suayngam(G0916798) Ulfah Hidayatun(G0815892) ECON 6030 ADVANCE QUANTITATIVE METHOD Term Paper Kulliyah of Economics and Management Sciences Department of Business Administration 2009/2010 Abstract The most well known and widely quoted economic indicator is the CPI (Consumer Price Index).It represents an estimation of the change in prices of consumer goods and services. Generally, it represents a measurement of our expenses on goods and services we use to meet our day-to-day needs. Severe problems to the overall economy can be caused if the prices of consumer goods and services are abruptly changed. This paper attempts to examine the factors that influence the Consumer Price Index. We observe four variables, namely, money supply, gross domestic product, interest rate, and share price.By utilizing quarterly data from 1996 to 2008, this study applies multiple regressions method to find the best model and factors which can explain Consumer Price Index. The result indicates gross domestic product, interest rate, and stock price significant effect to consumer price index, whereas money supply does not have significant effect. This study also finds that the highest Adjusted R2 as goodness criteria of the model is derived when we include all the factors in the model.Hence, we can conclude that those factors have either strong or weak contribution to consumer price index. Keyword: Consumer Price Index, 1. INTRODUCTION From the beginning of civilization, tribes, countries and nations have always been looking for ways to attain prosperity and growth so as to improve the standard of living for their own people. From the times of Caesar to leaders of today such as John F. Keneddy, things haven’t changed much. To attain prosperity one of the most important things is to maintain a healthy economy.However there are many factors that threaten a healthy economy such as inflation, economic recessions and many other factors. Despite all these threats and inevitable slumps and declines in economy, an economy can be monitored and as such Consumer Price Index is one of the most important economic indicators. Using consumer pricing index, the health of the economy can be in check and the state can take necessary preventive measures otherwise not taken could lead to devastating effects in the form of high unemployment, bankruptcies, major financial losses etc.The CPI is a fixed-basket price index as it represents the price of a constant quantities basket of goods and services purchased by the average consumer. CPI is one of the most frequently used  statistics for identifying periods of inflation or deflation. This is  because large rises in CPI during a short period of time typically denote periods of inflation and  large drops in CPI du ring a short period of time usually  mark  periods of  deflation. It is compiled by the Department of Labor's Bureau of Labor Statistics.In order to get the final result for the CPI, wide researches of the prices of the included in the consumer basket goods and services are made. Then they are entered into a special computer program that makes the calculations. The importance of CPI is viewed in the fact that the estimations of other products, services and benefits are directly linked to the levels of the CPI. For example, if the CPI experiences an increase in its value, then the Social Securities benefits will rise as well. Other things that are directly linked to CPI include: †¢ Wages †¢ Lease agreements Union contracts †¢ Benefit statements and etc. Severe problems to the overall economy can be caused if the prices of consumer goods and services are abruptly changed. Most people associate the concept of CPI with inflation. An increase in the value of the CPI means that an increase in inflation has been observed. When inflation increases the purchasing power of money is lost and people will change their spending habits as they meet their purchasing thresholds and producers will suffer and be forced to cut output. This can be readily tied to higher unemployment rates.The whole economy falls into a recession. The objective of this paper is to find a linear regression model that will accurately estimate the consumer pricing index of Indonesia by using the following independent variables, 1) money supply, 2) Gross domestic product, 3) interest rates and 4) stock prices. In economics, money supply is the total amount of money available in an economy at a particular point in time. There are several ways to define â€Å"money†, but standard measures usually include currency in circulation and demand deposits.The gross domestic product (GDP) or gross domestic income (GDI) is a basic measure of a country's economic performance and is the m arket value of all final goods and services made within the borders of a country in a year. It is a fundamental measurement of production and is very often positively correlated with the standard of living. An interest rate is the price a borrower pays for the use of money they do not own, for instance a small company might borrow from a bank to kick start their business, and the return a lender receives for deferring the use of funds, by lending it to the borrower.Interest rates are normally expressed as a percentage rate over the period of one year. Stock Price in this paper is referred to as Stock Market index which is based on a statistical compilation of the share prices of a number of representative stocks. We observe four variables namely, money supply, gross domestic product, interest rate, and stock price. By utilizing quarterly data from 1996 to 2008, this study applies multiple regressions method to find the best model and factors which can explain Consumer Price Index (S ee appendix 1 and 2). 2. METHODOLOGY 2. 1Bivariate Pearson CorrelationPearson [pic]is typically used to describe the strength of the linear relationship between two quantitative variables. Often, these two variables are designated [pic](predictor) and [pic](outcome). Pearson [pic] has values that range from -1. 00 to +1. 00. The sign of [pic]provides information about the direction of the relationship between [pic] and [pic]. A positive correlation indicates that as scores on [pic] increase, scores on [pic]also tend to increase; a negative correlation indicates that as scores on [pic] increase, scores on [pic]neither increase nor decrease in a linear manner.The absolute magnitude of Pearson [pic] provides information about the strength of the linear association between scores on [pic] and [pic]. For values of [pic]close to 0, there is no linear association between [pic] and [pic]. When [pic]= +1. 00, there is a perfect positive linear association; when [pic]= -1. 00, there is a perf ect negative linear association. Intermediate values of [pic]correspond to intermediate strength of the relationship (Warner, 2008). 2. 1. 1Assumption for Pearson [pic] (Warner, 2008)The assumptions that need to be met for Pearson [pic] to be an appropriate statistic to describe the relationship between a pair of variables are as follows: 1. Each scores on [pic] should be independent of other [pic] scores (and each score on [pic]should be independent of other [pic]scores). 2. Scores on both [pic]and [pic]should be quantitative and normally distributed. 3. Scores on [pic]should be linearly related to scores on[pic]. 4. [pic], [pic]scores should have a bivariate normal distribution. 2. 1. Computation of Pearson [pic] (Warner, 2008) Formula to calculate Pearson [pic]from the raw scores on [pic]and [pic]is as follows: [pic](2. 1) 2. 1. 3Correlation matrix (Warner, 2008) A correlation matrix usually denoted by R; it contains the correlations among all possible pairs of [pic]variables. Th e entire set of correlation in an R matrix is as follow [pic] R = [pic][pic] Note several characteristics of this matrix. All the diagonal elements equal 1 (because the correlation of a variable with itself is, by definition, 1. 0).The matrix is â€Å"symmetric† because each element below the diagonal equals one corresponding element above the diagonal. 2. 2Multiple Regressions Multiple Regression analysis provides an equation that predicts raw score on a quantitative [pic] variable from raw scores on [pic] variables, with [pic]. The predictor or [pic] variables are usually also quantitative, but it can also be a dichotomous variable (dummy variable). Usually, regression analysis is used in non experimental research situations, in which the researcher has manipulated none of the variables.In the absence of an experimental design, causal inferences cannot be made. However, researchers often select at least some of the predictor variables for regression analysis because they be lieve that these might be â€Å"causes† of the outcome variable. If an [pic] variable that is theorized to be a â€Å"cause† of [pic]fails to account for a significant amount of variance in the [pic] variable in the regression analysis, this outcome may weaken the researcher’s belief that the [pic] variable has a causal connection with [pic].On the other hand, if a [pic] variable that is thought to be â€Å"causal† does uniquely predict a significant proportion of variance in [pic] even when confounded variables or competing causal variables are statistically controlled, this outcome may be interpreted as consistent with the possibility of causality. (Warner, 2008) 1. The Multiple Regressions Model Equation The raw score version of regression equation with [pic] predictor variables is written as follows [pic](2. 2) here [pic]is the predicted score on the outcome ([pic]) variable, [pic]is the intercept or constant term, [pic]are regression coefficients, an d [pic]are predictor variables. The [pic]regression coefficient represent partial slope. The [pic] slope represents the predicted change in [pic] for a one-unit increase in[pic], controlling for [pic](i. e. , controlling for all other predictor variables included in the regression analysis). The standard score version of a regression equation with [pic] predictors is represented as follows: [pic](2. ) where [pic]is [pic]scores on [pic], [pic]are beta coefficient that is used to predict The beta coefficients in the standard score version of the regression can be compared across variables to assess which of the predictor variables are more strongly related to the [pic]outcome variable when all the variables are represented in [pic]score form. Beta coefficient may be influenced by many types of artifacts such as unreliability of measurement and restricted range of scores in the sample. (Warner, 2008) 2. Model buildingThis paper use Stepwise regression model building to develop the leas t squares regression in steps, either to forward selection backward elimination, or through standards stepwise regression. The coefficient of partial determination is the measure of the marginal contribution of each independent variable, given that other independent variables are in the model. 2. 2. 3Statistics Sum-of-squares terms. Several regression statistics are computed as functions of the sums of-squares terms: [pic] (2. 4) Partitioning of variation.The regression equation is estimated such that the total sum-of squares can be partitioned into components due to regression and residuals: SST = SSR+ SSE(2. 5) Coefficient of determination. The explanatory power of the regression is summarized by its â€Å"R-squared† value, computed from the sums-of-squares terms as [pic](2. 6) R2, also called the coefficient of determination, is often described as the proportion of variance â€Å"accounted for†, â€Å"explained†, or â€Å"described† by regression. It i s important to keep in mind that a high R2 does not imply causation.The relative sizes of the sums-of-squares terms indicate how â€Å"good† the regression is in terms of fitting the calibration data. If the regression is â€Å"perfect†, all residuals are zero, SSE is zero, and R2 is 1. If the regression is a total failure, the sum-of-squares of residuals equals the total sum-of-squares, no variance is accounted for by regression, and R2 is zero. Adjusted R2. The R2 value for a regression can be made arbitrarily high simply by including more and more predictors in the model. The adjusted R2 is one of several statistics that attempts to compensate for this artificial increase in accuracy.The adjusted R2 is given by: [pic](2. 7) n = sample size (e. g. , number of years of data in calibration period) p = number of predictors in the model, not counting the constant term As shown by the equation, R2 with hat is lower than R2 if the model has more than one predictor. Adding predictors has the effect of increasing the difference between R2 with hat and R2. Adjusted R2 is also useful in comparing among models. ANOVA table and definition of â€Å"mean squared† terms. The sums-of-squares terms and related statistics are often summarized in an Analysis of Variance (ANOVA) table: [pic] Source= source of variationSS= sum-of-squares term df= degrees of freedom for SS term MS= â€Å"mean squared† terms The mean squared terms are the sums-of-squares terms Standard error of the estimate. The residual mean square (MSE) is the sample estimate of the variance of the regression residuals. The population value of the error term is sometimes written as ? e2 while the sample estimate is given by se2 = MSE(2. 8) where MSE has been defined previously. The square root of the residual mean square is called the root-mean-square error (RMSE), or the standard error of the estimate. [pic](2. 9) The subscript â€Å"c† is attached (RMSEc) in (4. ) to distingu ish the RMSE derived from calibration from the root-mean-square error derived by cross-validation (see later). F ratio or â€Å"overall F†. Recall that the explanatory power of a regression is given by the regression R2, which is computed from sums-of-squares terms. The F-ratio, or overall F, which is computed from the mean squared terms in the ANOVA table, estimates the statistical significance of the regression equation. The F-ratio is given by [pic](2. 10) The advantage of the F- ratio over R2 is that the F- ratio takes into account the degrees of freedom, which depend on the sample size and the number of predictors in the model.A model can have a high R2 and still not be statistically significant if the sample size is not large compared with the number of predictors in the model. The F- ratio incorporates sample size and number of predictors in an assessment of significance of the relationship. The significance of the F- ratio is obtained by referring to a table of the F distribution, using degrees of freedom {df1,df2}, where df1 and df2 are the degrees of freedom for the regression mean square and residual mean square from the ANOVA table.How to reject or accept F-test (for overall significance) HO: ? 1 = ? 2 HA : ? 1 and ? 2 not both zero ? = . 05 Decision: Reject Ho if the f-stat falls in the rejection area (p values > ? = . 05) [pic] T-test. The T-test shows if there is a linear relationship between the variable xi and y. The test statistic: [pic](2. 11) How to reject or accept T-test (for individual significance) HO: ? 1 = 0 HA : ? 1 ? 0 ? = . 05 Decision: Reject Ho if the test statistic for each variable falls in the rejection region (p values < . 05) [pic]Confidence interval for estimated coefficients. If the regression assumptions on the residuals are satisfied, including the normality assumption, then the sampling distribution of an estimated regression coefficient is normal with a variance proportional to the residual mean square (MSE). Th e variance of the estimator also depends on the variances and covariances of the predictors. The idea is best illustrated for the case of simple linear regression, for which the variance of the regression coefficient is given by [pic](2. 12)Where Se2 is the residual mean square, xi is the value of the predictor in year xi with hat is the mean of the predictor, and the summation is over the n years in the calibration period. The 100 (1 ? ?) % confidence interval is [pic], where t? /2 is obtained from s t distribution with n-2 degrees of freedom. For more than one predictor, the confidence intervals for regression can be computed similarly, but the equation is more complicated. The equation for the variances and covariances of estimated coefficients is expressed in matrix terms by [pic](2. 13) where X is the time series matrix of predictors.This equation returns a matrix, with the variances of the parameters along the diagonal, and the covariances as the off-diagonal elements (Weisber g 1985, p. 44). The appropriate degrees of freedom of the t distribution is df = n ? K ? 1, where K is the number of predictors in the model, and n is the sample size. Multicolinearity The predictors in a regression model are often called the â€Å"independent variables†, but this term does not imply that the predictors are themselves independent statistically from one another. In fact, for natural systems, the predictors can be highly intercorrelated. Multicolinearity† is a term reserved to describe the case when the intercorrelation of predictor variables is high. It has been noted that the variance of the estimated regression coefficients depends on the intercorrelation of predictors. Haan (2002) concisely summarizes the effects of multicolinearity on the regression model. Multicolinearity does not invalidate the regression model in the sense that the predictive value of the equation may still be good as long as the prediction are based on combinations of predictors within the same multivariate space used to calibrate the equation.But there are several negative effects of multicolinearity. First, the variance of the regression coefficients can be inflated so much that the individual coefficients are not statistically significant – even though the overall regression equation is strong and the predictive ability good. Second, the relative magnitudes and even the signs of the coefficients may defy interpretation. For example, the regression weight on a tree-ring index in a multivariate regression equation to predict precipitation might be negative even though the tree-ring index by itself is positively correlated with precipitation.Third, the values of the individual regression coefficients may change radically with the removal or addition of a predictor variable in the equation. In fact, the sign of the coefficient might even switch. Signs of multicolinearity. Signs of multicolinearity include 1) high correlation between pairs of predictor variables, 2) regression coefficients whose signs or magnitudes do not make good physical sense, 3) statistically non-significant regression coefficients on important predictors, and 4) extreme sensitivity of sign or magnitude of regression coefficients to insertion or deletion of a predictor variable.Variance Inflation Factor (VIF). The Variance Inflation Factor (VIF) is a statistic that can be used to identify multicolinearity in a matrix of predictor variables. â€Å"Variance Inflation† refers here to the mentioned effect of multicolinearity on the variance of estimated regression coefficients. Multicolinearity depends not just on the bivariate correlations between pairs of predictors, but on the multivariate predictability of any one predictor from the other predictors. Accordingly, the VIF is based on the multiple coefficient of determination in regression of eachpredictor in multivariate linear regression on all the other predictors: pic](2. 14) where Ri2 is the multip le coefficient of determination in a regression of the ith predictor on all other predictors, and i VIF is the variance inflation factor associated with the ith predictor. Note that if the ith predictor is independent of the other predictors, the variance inflation factor is one, while if the ith predictor can be almost perfectly predicted from the other predictors, the variance inflation factor approaches infinity. In that case the variance of the estimated regression coefficients is unbounded.Multicolinearity is said to be a problem when the variance inflation factors of one or more predictors becomes large. How large it appears to be a subjective judgement. According to Haan (2002), some researchers use a VIF of 5 and others use a VIF of 10 as a critical threshold. These VIF values correspond, respectively, to Ri2 values of 0. 80 and 0. 90. Some compute the average VIF for all predictors and declare that an average â€Å"considerably† larger than one indicates multicolinea rity (Haan, 2002).At any rate, it is important to keep in mind that multicolinearity requires strong intercorrelation of predictors, not just non-zero intercorrelation. The VIF is closely related to a statistic call the tolerance, which is 1/VIF. Some statistics packages report the VIF and some report the tolerance (Haan 2002). 3. MODEL SPESIFICATION AND DATA SOURCE Based on the theory review in the previous section, we build the following specification to capture the determinants of money supply in Indonesia: CPI = ? 0 + ? 1M1 + ? 2GDP + ? 3IR + ? 4SP + ? The variables are defined as followed: 1.Money supply (M1) is M0 (physical currency) and demand deposits, which are checking accounts. This is used as a measurement for economists trying to quantify the amount of money in circulation. The M1 is a very liquid measure of the money supply, as it contains cash and assets that can quickly be converted to currency. 2. Gross Domestic Product (GDP) is the income of individuals or nations after adjusting for inflation. 3. Consumer price index (CPI) is an index number measuring the average price of consumer goods and services purchased by households. 4. Interest rate (IR) is a fee paid on borrowed capital. . Share Price (SP) is the price of one share of stock. This paper uses quarterly data, from quarter 1 of 1996 to quarter 2 of 2008 that is taken from International Financial Statistic. We also use SPSS software to regress the model above. 4. VALUATION 4. 1Model Estimation We will present the result of data analysis using Multiple Regression Analysis. Multiple Regression analysis provides an equation that predicts raw score on a quantitative [pic] variable from raw scores on [pic] variables, with[pic]. The best model is indicated by the highest Adjusted R2 and the lowest standard errors.In this study, consumer price indexes (CPI) were predicted from the following variables: money supply (M1), gross domestic product (GDP), interest rate (IR) and share price (SP). The sample size[pic]is 50. 4. 2Bivariate correlation In this part, we will observe the strength of the linear relationship between each independent variable and CPI. Table 1. Correlations | | |CPI |M1 |GDP |IR |SP | |1996Q1 |11. 716111 |19. 30 |4. 771904 |3. 788341 |3. 853983 |0. 065642 | |1996Q2 |11. 766373 |19. 4 |4. 819983 |3. 822246 |3. 858643 |0. 036398 | |1996Q3 |11. 827298 |19. 17 |4. 717570 |3. 877778 |3. 863081 |-0. 014697 | |1996Q4 |11. 879324 |19. 16 |4. 810590 |3. 909344 |3. 872063 |-0. 037281 | |1997Q1 |11. 889998 |18. 98 |4. 934683 |3. 905124 |3. 897606 |-0. 007518 | |1997Q2 |11. 914423 |18. 72 |4. 941414 |3. 921527 |3. 906252 |-0. 015275 | |1997Q3 |12. 002958 |23. 38 |4. 78997 |4. 036802 |3. 924765 |-0. 112037 | |1997Q4 |12. 039144 |26. 19 |4. 477901 |4. 111444 |3. 959830 |-0. 151614 | |1998Q1 |12. 262335 |26. 33 |4. 624532 |4. 270861 |4. 140733 |-0. 130127 | |1998Q2 |12. 314070 |32. 16 |4. 495154 |4. 363053 |4. 309088 |-0. 053965 | |1998Q3 |12. 484700 |34. 93 |4. 308177 |4. 530508 |4. 491942 |-0. 038566 | |1998Q4 |12. 457244 |35. 20 |4. 294247 |4. 12515 |4. 538626 |0. 026111 | |1999Q1 |12. 510708 |34. 11 |4. 396215 |4. 536868 |4. 585091 |0. 048223 | |1999Q2 |12. 512071 |30. 34 |4. 767910 |4. 478028 |4. 578437 |0. 100409 | |1999Q3 |12. 533785 |24. 52 |4. 754038 |4. 455257 |4. 555728 |0. 100470 | |1999Q4 |12. 525806 |21. 68 |4. 830264 |4. 422381 |4. 555029 |0. 132648 | |2000Q1 |12. 689215 |19. 58 |4. 798267 |4. 536245 |4. 79349 |0. 043104 | |2000Q2 |12. 725801 |18. 46 |4. 615507 |4. 572988 |4. 589384 |0. 016396 | |2000Q3 |12. 796032 |17. 98 |4. 534614 |4. 630870 |4. 611431 |-0. 019440 | |2000Q4 |12. 817033 |17. 80 |4. 436443 |4. 654596 |4. 639514 |-0. 015082 | |2001Q1 |12. 894097 |17. 85 |4. 423641 |4. 715383 |4. 668689 |-0. 046693 | |2001Q2 |12. 957670 |18. 26 |4. 396349 |4. 769620 |4. 695093 |-0. 74527 | |2001Q3 |12. 980581 |18. 88 |4. 453272 |4. 786409 |4. 731538 |-0. 054871 | |2001Q4 |12. 967675 |19. 20 |4. 357638 |4. 787355 |4. 758569 |-0. 02878 5 | |2002Q1 |13. 014972 |19. 32 |4. 495629 |4. 812124 |4. 804455 |-0. 007668 | |2002Q2 |13. 038967 |19. 18 |4. 670443 |4. 813862 |4. 813371 |-0. 000492 | |2002Q3 |13. 083051 |18. 87 |4. 499660 |4. 860963 |4. 830240 |-0. 030724 | |2002Q4 |13. 67842 |18. 42 |4. 383610 |4. 856585 |4. 856372 |-0. 000213 | |2003Q1 |13. 119451 |18. 20 |4. 382903 |4. 894774 |4. 879052 |-0. 015721 | |2003Q2 |13. 127729 |17. 68 |4. 568618 |4. 880785 |4. 881073 |0. 000288 | |2003Q3 |13. 168067 |16. 44 |4. 706932 |4. 890676 |4. 889544 |-0. 001132 | |2003Q4 |13. 145558 |15. 43 |4. 867750 |4. 851847 |4. 910358 |0. 058511 | |2004Q1 |13. 193018 |14. 0 |5. 023394 |4. 869902 |4. 926710 |0. 056808 | |2004Q2 |13. 243557 |14. 28 |5. 023446 |4. 905169 |4. 946239 |0. 041070 | |2004Q3 |13. 296856 |13. 88 |5. 055704 |4. 940406 |4. 956855 |0. 016449 | |2004Q4 |13. 303815 |13. 54 |5. 255827 |4. 925389 |4. 972241 |0. 046852 | |2005Q1 |13. 357168 |13. 36 |5. 375579 |4. 954380 |5. 001198 |0. 046817 | |2005Q2 |13. 415743 |13. 29 |5. 03708 |4. 996403 |5. 019906 |0. 023503 | |2005Q3 |13. 477237 |13. 78 |5. 410051 |5. 046527 |5. 037628 |-0. 008900 | |2005Q4 |13. 539065 |15. 78 |5. 387751 |5. 110080 |5. 135998 |0. 025918 | |2006Q1 |13. 570606 |16. 34 |5. 539352 |5. 124611 |5. 157502 |0. 032891 | |2006Q2 |13. 608447 |16. 23 |5. 624725 |5. 145281 |5. 164111 |0. 018831 | |2006Q3 |13. 676882 |16. 00 |5. 78345 |5. 191494 |5. 176234 |-0. 015260 | |2006Q4 |13. 679898 |15. 35 |5. 839146 |5. 174745 |5. 194761 |0. 020015 | |2007Q1 |13. 732362 |14. 70 |5. 885796 |5. 206364 |5. 219177 |0. 012812 | |2007Q2 |13. 777640 |14. 08 |6. 039466 |5. 223014 |5. 222613 |-0. 000401 | |2007Q3 |13. 848229 |13. 56 |6. 144445 |5. 264208 |5. 239273 |-0. 024935 | |2007Q4 |13. 855779 |13. 11 |6. 305412 |5. 52354 |5. 259836 |0. 007483 | |2008Q1 |13. 930695 |12. 94 |6. 292750 |5. 309960 |5. 292817 |-0. 017143 | |2008Q2 |14. 023264 |12. 95 |6. 172412 |5. 392000 |5. 199684 |-0. 192316 | |   |   |   |   |   | |0. 175227 | From the table above, we found the sum square value of error is 0. 175. Predict Consumer Price index (CPI) for a quarter in which the logarithmic of GDP is 12. 89 logarithmic of Interest Rate is 17. 5 and logarithmic of Share Price is 4. 42 LCPI = -4. 927 + 0. 769 (LGDP) + 0. 007 (LIR) – 0. 090 (LSP) = -4. 927 + 0. 769 (12. 89) + 0. 007 (17. 52) – 0. 090 (4. 42) = 4. 72 Confidence interval for the mean LCPI value : [pic]; [pic] [pic] [pic] Prediction interval for the mean LCPI value : [pic]; [pic] [pic] [pic] CONCLUSION We have employed multiple regression analysis method, which involve five variables which are expected to affecting money supply. They are consumer price index, interest rate, stock price, GDP, and money supply [M1]. The data are selected from Indonesia international financial statistics.In the recent years Indonesia has been successfully controlling its money supply to get stability in economic circumstances. From the study we found out that there is strong relations hip between consumer price index [CPI]and GDP. When the Gross Domestic Product [GDP] increases, it will also increase consumer price index as these two have linear relationship. Also there is strong correlation between money supply and consumer price index, which means that mean of CPI increase when money supply increases. Addition to this there is positive correlation between stock price and CPI, when stock price increase it tend to increase CPI.However there is negative correlation between interest rate and CPI, when interest rate increases, CPI decreases. From our finding it shows that R-square is 96 percent, which means it is a good model to describe the relation between CPI and other variables we use in the study. REFERENCES Lawrence S. Meyers, Glenn Gamst, and A. J. Guarino. (2006). Applied Multivariate Research Design and Interpretation. Thousand Oaks, London, and New Delhi: Sage Publications. Miles, Jeremy and Mark Shevlin. (2001). Applying Regression & Correlation: A Guide for Students and Researchers. London: Sage Publications. Warner, R. M. (2008).Applied Statistics From Bivariate Through Multivariate Techniques. Los Angeles, London, New Delhi, Singapore: SAGE Publications. Watson, Collin J. and et al. (1993). Statistics for Management and Economics 5th Edition. Massachusetts: Allyn and Bacon. http://www. investopedia. com http://www. stock-market-investors. com http://www. wikipedia. org Appendix 1. Variables Data |   |M1 |Stock Price |CPI |INTEREST RATE |GDP | | | | | | | | |1996Q1 |53162. 00 |118. 14 |47. 8 |19. 30 |122530. 00 | |1996Q2 |56448. 00 |123. 96 |47. 40 |19. 24 |128846. 00 | |1996Q3 |59684. 00 |111. 90 |47. 61 |19. 17 |136940. 00 | |1996Q4 |64089. 00 |122. 80 |48. 04 |19. 16 |144253. 00 | |1997Q1 |63565. 00 |139. 03 |49. 28 |18. 98 |145801. 00 | |1997Q2 |69950. 00 |139. 97 |49. 71 |18. 72 |149406. 00 | |1997Q3 |66258. 00 |118. 99 |50. 64 |23. 8 |163237. 00 | |1997Q4 |78343. 00 |88. 05 |52. 45 |26. 19 |169252. 00 | |1998Q1 |98270. 30 |101. 96 |62. 85 |26. 33 |211575. 00 | |1998Q2 |109480. 00 |89. 58 |74. 37 |32. 16 |222809. 00 | |1998Q3 |102563. 00 |74. 30 |89. 29 |34. 93 |264263. 00 | |1998Q4 |101197. 00 |73. 28 |93. 56 |35. 20 |257106. 00 | |1999Q1 |105705. 00 |81. 14 |98. 01 |34. 11 |271226. 0 | |1999Q2 |105964. 00 |117. 67 |97. 36 |30. 34 |271596. 00 | |1999Q3 |118124. 00 |116. 05 |95. 18 |24. 52 |277558. 00 | |1999Q4 |124633. 00 |125. 24 |95. 11 |21. 68 |275352. 00 | |2000Q1 |124663. 00 |121. 30 |97. 45 |19. 58 |324232. 00 | |2000Q2 |133832. 00 |101. 04 |98. 43 |18. 46 |336314. 00 | |2000Q3 |135430. 00 |93. 19 |100. 63 |17. 98 |360783. 00 | |2000Q4 |162186. 0 |84. 47 |103. 49 |17. 80 |368440. 00 | |2001Q1 |148375. 00 |83. 40 |106. 56 |17. 85 |397956. 00 | |2001Q2 |160142. 00 |81. 15 |109. 41 |18. 26 |424077. 00 | |2001Q3 |164237. 00 |85. 91 |113. 47 |18. 88 |433905. 00 | |2001Q4 |177731. 00 |78. 07 |116. 58 |19. 20 |428341. 00 | |2002Q1 |166173. 00 |89. 62 |122. 05 |19. 32 |449087. 00 | |2002Q2 |174017. 00 |106. 5 |123. 15 |19. 18 |459993. 00 | |2002Q3 |181791. 00 |89. 99 |125. 24 |18. 87 |480725. 00 | |2002Q4 |191939. 00 |80. 13 |128. 56 |18. 42 |473469. 00 | |2003Q1 |181239. 00 |80. 07 |131. 51 |18. 20 |498546. 00 | |2003Q2 |195219. 00 |96. 41 |131. 77 |17. 68 |502690. 00 | |2003Q3 |207587. 00 |110. 71 |132. 89 |16. 44 |523382. 00 | |2003Q4 |223799. 00 |130. 03 |135. 9 |15. 43 |511733. 00 | |2004Q1 |219087. 00 |151. 93 |137. 93 |14. 80 |536605. 00 | |2004Q2 |226147. 00 |151. 93 |140. 65 |14. 28 |564422. 00 | |2004Q3 |234676. 00 |156. 92 |142. 15 |13. 88 |595321. 00 | |2004Q4 |245946. 00 |191. 68 |144. 35 |13. 54 |599478. 00 | |2005Q1 |244003. 00 |216. 07 |148. 59 |13. 36 |632331. 00 | |2005Q2 |261814. 00 |222. 23 |151. 40 |13. 9 |670476. 00 | |2005Q3 |267762. 00 |223. 64 |154. 10 |13. 78 |713000. 00 | |2005Q4 |271166. 00 |218. 71 |170. 03 |15. 78 |758475. 00 | |2006Q1 |270425. 00 |254. 51 |173. 73 |16. 34 |782779. 00 | |2006Q2 |303803. 00 |277. 20 |174. 88 |16. 23 |812968. 00 | |200 6Q3 |323885. 00 |292. 47 |177. 02 |16. 00 |870551. 00 | |2006Q4 |347013. 00 |343. 49 |180. 33 |15. 35 |873181. 0 | |2007Q1 |331736. 00 |359. 89 |184. 78 |14. 70 |920214. 00 | |2007Q2 |371768. 00 |419. 67 |185. 42 |14. 08 |962838. 00 | |2007Q3 |400075. 00 |466. 12 |188. 53 |13. 56 |1033260. 00 | |2007Q4 |450055. 00 |547. 53 |192. 45 |13. 11 |1041090. 00 | |2008Q1 |409768. 00 |540. 64 |198. 90 |12. 94 |1122080. 00 | |2008Q2 |453093. 00 |479. 34 |181. 22 |12. 95 |1230910. 00 |Appendix 2. Lag of Variable Data |   |lm1 |lsp |lcpi |lgdp |ir | |1996Q1 |10. 881099 |4. 771904 |3. 853983 |11. 716111 |19. 30 | |1996Q2 |10. 941075 |4. 819983 |3. 858643 |11. 766373 |19. 24 | |1996Q3 |10. 996819 |4. 717570 |3. 863081 |11. 827298 |19. 17 | |1996Q4 |11. 068028 |4. 810590 |3. 872063 |11. 879324 |19. 16 | |1997Q1 |11. 059818 |4. 934683 |3. 897606 |11. 889998 |18. 98 | |1997Q2 |11. 55536 |4. 941414 |3. 906252 |11. 914423 |18. 72 | |1997Q3 |11. 101311 |4. 778997 |3. 924765 |12. 002958 |23. 38 | |1997 Q4 |11. 268852 |4. 477901 |3. 959830 |12. 039144 |26. 19 | |1998Q1 |11. 495477 |4. 624532 |4. 140733 |12. 262335 |26. 33 | |1998Q2 |11. 603497 |4. 495154 |4. 309088 |12. 314070 |32. 16 | |1998Q3 |11. 538233 |4. 308177 |4. 491942 |12. 484700 |34. 93 | |1998Q4 |11. 524824 |4. 294247 |4. 538626 |12. 57244 |35. 20 | |1999Q1 |11. 568407 |4. 396215 |4. 585091 |12. 510708 |34. 11 | |1999Q2 |11. 570855 |4. 767910 |4. 578437 |12. 512071 |30. 34 | |1999Q3 |11. 679490 |4. 754038 |4. 555728 |12. 533785 |24. 52 | |1999Q4 |11. 733129 |4. 830264 |4. 555029 |12. 525806 |21. 68 | |2000Q1 |11. 733369 |4. 798267 |4. 579349 |12. 689215 |19. 58 | |2000Q2 |11. 804341 |4. 615507 |4. 589384 |12. 725801 |18. 46 | |2000Q3 |11. 16210 |4. 534614 |4. 611431 |12. 796032 |17. 98 | |2000Q4 |11. 996499 |4. 436443 |4. 639514 |12. 817033 |17. 80 | |2001Q1 |11. 907498 |4. 423641 |4. 668689 |12. 894097 |17. 85 | |2001Q2 |11. 983816 |4. 396349 |4. 695093 |12. 957670 |18. 26 | |2001Q3 |12. 009066 |4. 453272 |4. 731538 |1 2. 980581 |18. 88 | |2001Q4 |12. 088026 |4. 357638 |4. 758569 |12. 967675 |19. 20 | |2002Q1 |12. 020785 |4. 495629 |4. 804455 |13. 14972 |19. 32 | |2002Q2 |12. 066908 |4. 670443 |4. 813371 |13. 038967 |19. 18 | |2002Q3 |12. 110613 |4. 499660 |4. 830240 |13. 083051 |18. 87 | |2002Q4 |12. 164933 |4. 383610 |4. 856372 |13. 067842 |18. 42 | |2003Q1 |12. 107572 |4. 382903 |4. 879052 |13. 119451 |18. 20 | |2003Q2 |12. 181877 |4. 568618 |4. 881073 |13. 127729 |17. 68 | |2003Q3 |12. 243306 |4. 706932 |4. 889544 |13. 168067 |16. 44 | |2003Q4 |12. 18504 |4. 867750 |4. 910358 |13. 145558 |15. 43 | |2004Q1 |12. 297224 |5. 023394 |4. 926710 |13. 193018 |14. 80 | |2004Q2 |12. 328941 |5. 023446 |4. 946239 |13. 243557 |14. 28 | |2004Q3 |12. 365961 |5. 055704 |4. 956855 |13. 296856 |13. 88 | |2004Q4 |12. 412867 |5. 255827 |4. 972241 |13. 303815 |13. 54 | |2005Q1 |12. 404936 |5. 375579 |5. 001198 |13. 357168 |13. 36 | |2005Q2 |12. 475390 |5. 403708 |5. 19906 |13. 415743 |13. 29 | |2005Q3 |12. 497854 |5. 410051 |5. 037628 |13. 477237 |13. 78 | |2005Q4 |12. 510486 |5. 387751 |5. 135998 |13. 539065 |15. 78 | |2006Q1 |12. 507750 |5. 539352 |5. 157502 |13. 570606 |16. 34 | |2006Q2 |12. 624135 |5. 624725 |5. 164111 |13. 608447 |16. 23 | |2006Q3 |12. 688144 |5. 678345 |5. 176234 |13. 676882 |16. 00 | |2006Q4 |12. 757118 |5. 839146 |5. 194761 |13. 679898 |15. 5 | |2007Q1 |12. 712095 |5. 885796 |5. 219177 |13. 732362 |14. 70 | |2007Q2 |12. 826025 |6. 039466 |5. 222613 |13. 777640 |14. 08 | |2007Q3 |12. 899407 |6. 144445 |5. 239273 |13. 848229 |13. 56 | |2007Q4 |13. 017125 |6. 305412 |5. 259836 |13. 855779 |13. 11 | |2008Q1 |12. 923346 |6. 292750 |5. 292817 |13. 930695 |12. 94 | |2008Q2 |13. 023853 |6. 172412 |5. 199684 |14. 023264 |12. 95 | ———————– [pic] [pic] [pic]

Looking At The Different Types Of Work Placements Social Work Essay Essay Example

Looking At The Different Types Of Work Placements Social Work Essay Essay Example Looking At The Different Types Of Work Placements Social Work Essay Essay Looking At The Different Types Of Work Placements Social Work Essay Essay Following from this the company developed a residential attention place in the North East of England, a separate company was so established in 2000, its purpose being to supply a scope of surrogate arrangements in the North of England for kids and immature people. This is the portion of the company in which I am placed, it has two offices ; one in the North East of England and one in Manchester. Together the offices have provided arrangements for 21 Social Services Departments in the North of England with the bulk in this country being from Middlesbrough, Darlington and Stockton on Tees Social Services. The bureau is registered with the British Association for Adoption and Fostering ( BAAF ) . The office in which I am placed is in consists of a Registered Manager, a portion clip Social Work squad leader, three full clip Social Workers and an Administrative Assistant. It has 17 sets of Approved Foster Carers which provide arrangements for 19 kids. The Fostering squad is made up of four societal workers each with a lower limit of six old ages professional experience. The values which underpin the bureau s attack to furthering are that kids are entitled to a safe life environment where they feel unafraid and their rights and sentiments are respected ( Student Handbook 2009, p9 ) . This is in line with the United Kingdom Every Child Matters Policy. To follow this through the bureau works in partnership with the kid, their household and their societal worker. The bureau strives to put kids within their ain cultural and cultural background every bit far as possible. The Foster Carers and staff who use this office are of White British ethnicity, there are some kids of different ethnicity to that and this is acknowledged before fiting. The ethnicity in the office is a contemplation of the general population in the local country which is predominately White British. Conversely the office in Manchester has foster carers and staff of diverse ethnicity in maintaining with the catchment country which is culturally more varied. The bureau acknowledges cultural diverseness by practising anti-discriminatory and anti-oppressive policies and by preparation classs The bureau works within ; The Department of Health Looking After Children , Good Parenting, Good Outcomes guidelines , Quality Protects public presentation indexs, The Children Act 1989, The Foster Placement ( Children ) Regulations 1991, Working Together to Safeguard Children 1999 A ; 2006, The Human Rights Act 1999, The Protection of Children Act 1999, The Children ( Leaving Care ) Act 2000, The Care Standards Act 2000 and related Regulations Standards, The Children Act 2004 and the Every Child Matters Agenda 5 Outcomes 2003 and the Fostering Regulations and the Fostering Standards 2002. The bureau marks specific results for the kids and immature people they look after, this is underpinned by policies such as the 2003 Green Paper Every Child Matters and the 1989 Five Outcomes of the United Nations Convention on the Rights of the Child which are ; Bing healthy Staying safe Enjoying and accomplishing Making a positive part 5. Economic wellbeing. Therefore, the bureau s purposes for the kids they look after are that they enjoy the best possible physical and mental wellness, they fulfil their educational potency, experience security in their fond regards and do satisfying and appropriate societal, household and peer relationships, ( pupil enchiridion, 2008, p10 ) . Work Undertaken by Agency The work undertaken by the Fostering Team is varied although the aim is to supply high quality foster attention arrangements for kids who are being looked after by the Local Authority. This work includes the seeking of possible Foster carers, questioning and measuring them, utilizing British Association for Adoption and Fostering ( BAAF ) Form F1, the national appraisal model for possible Foster carers and adoptive parents. This is assessment procedure is conducted inline with the: Fostering Servicess Regulations 2002 Regulations ; 11 ) , Duty to Secure Welfare, 19 ) , Staffing of Fostering Services, 20 ) , Fitness of Workers, 21 ) , Employment of Staff. And with the ; National Minimum Standards, Fostering Services Regulations 2002 6 ) Supplying suited surrogate carers. 7 ) Valuing Diversity. 8 ) Matching. 9 ) Protecting from maltreatment and disregard. 12 ) Promoting development and wellness. 13 ) Promoting educational accomplishment. 14 ) Fixing for maturity. 15 ) Suitability to work with kids. The procedure takes about six months and during which the measuring societal workers seek information from the appliers about their grounds for fosterage, accomplishments and experience, yesteryear and current relationships, ( BAAF Form F1, ) . This grounds garnering procedure includes seeking personal and professional mentions to confirm information from the applier and to derive a Fuller position on rearing capacity and attachment manner. Health mentions involve a medical and any old strong beliefs must be disclosed by Criminal Records Bureau ( CRB ) for the applier and any important others. To fix the applier for the function of surrogate lovingness and to develop accomplishments before panel meet the bureau provides preparation and support, the applications are so presented to the Independent Fostering Panel for blessing. This procedure meets the Fostering Regulations Standards 2002, Regulations ; 26 ) , Functions of Fostering Panel. 28 ) , Approval of Foster Parents. 29 ) , Reviews and Terminations of Approval. And the National Minimum Standards, Fostering 2002, Standard 30, Fostering Panels. On blessing the panel will make up ones mind footings and conditions of the determination which will include figure of kids, ages and type of arrangement, the applier is so given written notice of the footings and specifications of blessing, ( Fostering Regulations 2002, reg,28 ) . The nexus societal workers assigned to the appliers provide ongoing support before and after blessing, this bureau provides ongoing preparation to enable surrogate carers provide safe attention inline with the Fostering Regulations 2002. Once approved the bureau can so accept Foster carers and fit the carers to the referrals the bureau receives from the local authorization. Beforehand the fosterage link societal workers guarantee that surrogate carers and their families are in conformity with the Foster attention ordinances. This is maintained by regular supervising, record maintaining and one-year unheralded visits to the surrogate carer s place by the nexus worker. Both the Foster carers and the nexus workers have to work in partnership with others involved with the kid or immature individual s attention program. The nexus societal workers have to fit kids to further carers meticulously, this includes run intoing the conditions laid down by panel and the experience of the carers. As portion of this procedure the nexus societal worker checkerss a Safer Caring Agreement for the kid s arrangement which is read and signed by the carer. A transcript of this papers is kept with the carer s file at the bureau. Within 7 yearss a Placement Review Meeting takes topographic point with the kid, surrogate carers, the kid s societal worker and the bureau nexus worker. This meeting defines the kid s wants and needs during arrangement, detailing the modus operandis for arrangement, wellness and educational demands. The bureau is further involved with the kid through contact with the Foster carer and engagement in the Looked After Review which takes topographic point 28 yearss, 3 monthly and 6 monthly after arrangement. These reappraisals are multi disciplinary with attending by everyone involved in the kid s attention program. The bureau nexus workers work specifically with the Foster carers to supply ongoing support. The kids have their ain Local Authority societal workers but the nexus workers besides seek the positions of the kids, usually by the one-year unheralded visit from the bureau nexus worker and when the Foster carer has supervising. The kids s positions are ever taken in private so they can talk freely without the Foster carer being present, this is to afford the kid infinite to raise concerns in maintaining with his or her rights ( Human Rights Act 1999 ) . can this be saved? Fostering referrals come into the bureau from the local authorization kid arrangement squads, they can be either arranged or exigency referrals. It is the duty of the bureau to measure each referral and to do appropriate lucifers with surrogate carers. Foster carers are consulted before the lucifer is made, the nexus societal worker besides meets the kid to reassure and seek the kid s positions. The Foster Carers are self employed for intents of income revenue enhancement but the bureau has taken rank for Foster Talk an administration which provides legal and insurance screen for surrogate carers. The bureau have duties to back up the Foster carers to guarantee they are supplying a secure, safe arrangement, to follow with Health and Safety ordinances and to guarantee the surrogate carer s professional development. Further to National and European demands the bureau has developed it s ain company policies which include the company s duties as an employer and supplier of attention. These include ; The Foster Carer Task A ; Every Child Matters, Young People Missing from Home, Child Protection and Safeguarding Policy, Health and Safety at Work, Complaints and Whistle Blowing. These company policies are updated yearly. To accomplish the Five Outcomes the bureau works to the UK Government Secretary for State published National Minimum Standards for Foster Care in ( 1999? ) 2000 under subdivision 23 ( 1 ) of the Care Standards Act ( 2000 ) .These are national criterions which are the demand for best pattern. The bureau has its ain policies but besides is in concurrence with the British Association of Adoption and Fostering. Foster Carers are given an initial preparation called Skills to Foster which is by the Fostering Network and provides the carers with the theoretical cognition to use to their pattern. This is supported by ongoing preparation provided by the bureau and outside administrations. Foster Carers besides have to finish the Children s Workforce, Development Council ( CWDC ) Training, Support and Development Standards for Foster Care. These prescribed criterions have to be attained by 2011 by all current Foster attention practicians, and for new carers they have to be completed within the first twelvemonth.

My Communication Style Essay Example | Topics and Well Written Essays - 500 words

My Communication Style - Essay Example Many of the customers possess the communication style of being a questioner and an asserter. As they are on the receiving part, they tend to ask in-depth questions and try to clear out all possible level of queries with the customer service representative. Some customers are harsh and some are cool and patient. Different types of customers need to be dealt according to their nature of questions. At the end of the day, there are certain goals and objective that I have to accomplish and be accountable to my management. Hence to achieve these goals I need to constantly improvise my communication skills. At certain times, some difficulties may lead to undesirable conversations which may lead to conflicts with the customers. The Perfectionist : While dealing with a perfectionist I would ensure that I give in all the details and also accomplish all my goals while dealing with customers. Since the perfectionist wants detail oriented conversation, all details would be provided The Achiever: When an achiever style of communication comes forward, as I too am an achiever, the conversation would be enjoyable as well as logical. As both the customer and I would be clear and logical on whatever is being communicated. The Romantic: While dealing with a Romantic style communication of the customer, I would make the customer talk more about their feelings and perceptions about the product or service so that they feel motivated and feel important during conversation. The Observer: I would ask the Observer style of customer to clear their queries as such customers do not share their feelings. Being an achiever, I would ask them to share their though process and convey my opinions accordingly. The Questioner: I would communicate with a style that is not confusing and in which the customer does not have any doubts because such customers are very particular about