A Linear Regression Approach for Evaluating the Decline in Chartered Designations with the Effect of Economic Determinants.
Abstract
The research tries to explore the decline in the number of CPCU society members and tries to evaluate the effects of economic determinants on the decline. The study takes into account various economic factors including the factor of number of CPCU society members, membership fees, number of total industry insurance underwriters and inflation and estimates the role of each factor in the decline. The study uses a quantitative method to evaluate the decline. The dependent variable taken into consideration is number of CPCU society members and the independent variables are the economic factors. The study uses a regression analysis to estimate the effects of the independent variable on dependent variable. Simple linear regression analysis is used to estimate effect of each independent variable on dependent variable. Also a multiple linear regression analysis is used to estimate the overall effect of the independent variable on the dependent variable. Overall the study concludes by evaluating each factor and exploring quantitative effects.
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