Suggest an Alternative Model to Address the Issues Identified in Question

question 3

Essay

Suggest an alternative model to address the issues identified in Question 131.Are you able to obtain an improved fit to the data? Explain your answer.

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Definitions:

International Accounting Standards

A set of accounting guidelines that aim to standardize accounting practices across countries, facilitating the comparison of financial statements globally.

Multinational Corporations

Large corporations that operate and provide goods or services in multiple countries.

Information Technology

The study or use of systems (especially computers and telecommunications) for storing, retrieving, and sending information.

International Standards

These are agreements set by international organizations that dictate certain specifications, guidelines, or characteristics to ensure products, services, and systems are safe, reliable, and interchangeable worldwide.