JSM 2005 Online Program

Abstract #303998

This is the preliminary program for the 2005 Joint Statistical Meetings in Minneapolis, Minnesota. Currently included in this program is the "technical" program, schedule of invited, topic contributed, regular contributed and poster sessions; Continuing Education courses (August 7-10, 2005); and Committee and Business Meetings. This on-line program will be updated frequently to reflect the most current revisions.

To View the Program:
You may choose to view all activities of the program or just parts of it at any one time. All activities are arranged by date and time.

The views expressed here are those of the individual authors
and not necessarily those of the ASA or its board, officers, or staff.

The Program has labeled the meeting rooms with "letters" preceding the name of the room, designating in which facility the room is located:

Minneapolis Convention Center = “MCC” Hilton Minneapolis Hotel = “H” Hyatt Regency Minneapolis = “HY”

Back to main JSM 2005 Program page

Legend:

= Applied Session,

= Theme Session,

= Presenter

Activity Number:	74
Type:	Contributed
Date/Time:	Sunday, August 7, 2005 : 8:00 PM to 9:50 PM
Sponsor:	Business and Economics Statistics Section
Abstract - #303998
Title:	The Financial Impact of Global Events on the Home Improvement Industry
Author(s):	Norean Sharpe and Andrew Mullin*+
Companies:	Babson College and Babson College
Address:	Box 1887, Babson Park, MA, 02457,
Keywords:	financial variables ; forecasting ; regression
Abstract:	Following the terrorist event in September 2001, economists and marketing experts described consumer behavior as radically changed; the home improvement industry was singled out as a key beneficiary of these post 9/11 consumer trends. Using deseasonalized data from 1995 to 2004, this presentation explores whether the expected change in consumer behavior actually occurred and, if so, did the trend already exist due to the economic climate during the spring of 2001? Because measurements, such as new manufacturing orders, manufacturing hours, or total shipments are merely a reflection of the movement along the retail supply chain and tend to minimize or mask relationships with other variables, we focus on the consumer confidence index (CCI), unemployment, and the bank rate to focus on the interaction term of these variables with global events in the spring and fall of 2001 and their effectiveness in forecasting financial indices in the home improvement industry.

The address information is for the authors that have a + after their name.
Authors who are presenting talks have a * after their name.

Back to the full JSM 2005 program