Examlex
At the Stock and Watson (http://www.pearsonhighered.com/stock_watson)website, go to Student Resources and select the option "Datasets for Replicating Empirical Results." Then select the "California Test Score Data Used in Chapters 4-9" and read the data either into Excel or STATA (or another statistical program). First run a regression where the dependent variable is test scores and the independent variable is the student-teacher ratio. Record the regression R2. Then run a regression where the dependent variable is the student-teacher ratio and the independent variable is test scores. Record the regression R2 from this regression. How do they compare?
Typical Consumers
Average or representative users of a product or service, reflecting the common characteristics of a target market.
Innovators
Individuals or organizations that introduce new ideas, products, or methods, often leading the way in developments and changes within their field.
Early Adopters
Individuals or businesses who use or adopt new products, services, or technologies before the majority of the population does.
Product Life Cycle
The cycle through which every product goes through from introduction to withdrawal or eventual demise.
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