DeSTRESS Film 17: Turnover and Correlation
Film 17: Turnover and Correlation (10'28")
This film looks at why some firms grow very large while others stay small, discussing the role of stochastic (chance) processes. It considers the example of Wal-Mart, and the effects of the giant supermarket chain on local economies. The on-screen calculation shows how the Pearson Product-Moment Correlation Coefficient is calculated.
Presented by Ken Heather of the University of Portsmouth and produced by StreamLearn LLC.
- Gary Becker, Professor of Economics, Unviersity of Chicago, Nobel laureate