Customer Lifetime Value has become a very important metric in Customer Relationship Management. Various firms are increasing relying on CLV to manage and measure their business. CLV is a disaggregate metric that can be used to find customers who can be profitable in future and hence be used allocate resources accordingly (Kumar and Reinartz, 2006). Besides, CLV of current and future customers i...

This paper provides a simple example of an economy in which equilibrium prices and quantities exhibit what may be the central feature of the modern business cycle: a systematic relation between the rate of change in nominal prices and the level of real output. The relationship, essentially a variant of the well-known Phillips curve, is derived within a framework from which all forms of “money i...

Training programs are apparently worth something because computer companies or services continue investing money to educate and train their employees. But, they must see some relationship between the costs of training activities and ultimate company economic performance. In this paper, we describe ECONOF, a multicriterion model with the software tool related. It was developed to help managers t...

Dan Thornton has written a very interesting paper on estimating the liquidity effect at the daily frequency. The paper starts with a nice discussion of the historical origins of the term “liquidity effect” (tracing it back to Milton Friedman, but somewhat surprisingly, no farther). The paper then discusses ways to identify the liquidity effect in daily data, and applies this discussion to criti...

Money plays a significant role in people’s lives, and yet little experimental attention has been given to the psychological underpinnings of money. We systematically varied whether and to what extent the concept of money was activated in participants’ minds using methods that minimized participants’ conscious awareness of the money cues. On the one hand, participants reminded of money were less...

A better understanding of the effect openness on volatility can lead to more effective government policy that addresses adverse outcomes volatility. By using NARDL model, Hodrick-Prescott (HP) filter, and annual time-series data from period 1981 2020, this study examined output in Ethiopia. From bound test, research find a long-run cointegration between volatility, agricultural output, trade op...