A Spurious Regression Refers to a Situation Where

question 3

Multiple Choice

A spurious regression refers to a situation where:

• A)the direction of the relationship between the dependent variable and the explanatory variables is uncertain.
• B)even though two variables are independent, the OLS regression of one variable on the other indicates a relationship between them.
• C)a few important and necessary explanatory variables are left out of a regression equation, thus leading to inefficient and inconsistent forecasts.
• D)at least one of the variables used in a regression equation does not have a unit root and the error terms are heteroskedastic.

Identify the differences between various models of unionism (e.g., solidarity, social movement, fortress, nonmajority) and their strategic objectives.

Recognize the legal and practical challenges unions face in pursuing modern labor strategies.

Learn about the potential of ESOPs and employee ownership in union advocacy.

Understand the concept and strategic goals of labor-management cooperation programs.