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The concept of regression was introduced by Legendre in 1805 and advanced by Gauss in 1809. The term was popularized after Galton's 1886 article. Contribution of R. A. Fisher in the early 20th century was instrumental to the spread of the method to every scientific branch. Regression analysis, used in economics and many other fields, is now the most commonly used statistical method. Although few would characterize this technique as simple, regression is in fact both simple and elegant. The complexity that many attribute to regression analysis is often a reflection of their lack of familiarity with the language of mathematics. But regression analysis can be understood even without the mastery of sophisticated mathematical concepts. This book provides the foundation of regression analysis in a way that is easy to comprehend. All the examples are from economics and in almost all the examples real data are used to show the application of the method.

Economics --- Regression analysis. --- Statistical methods. --- analysis --- causality --- ceteris paribus --- coefficient of determination --- control variables --- error --- goodness of fit --- inference --- misspecification --- model --- proxy variables --- regression --- spurious regression --- Stata

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When Steven Burd, CEO of the supermarket chain Safeway, cut wages and benefits, starting a five-month strike by 59,000 unionized workers, he was confident he would win. But where traditional labor action failed, a novel approach was more successful. With the aid of the California Public Employees’ Retirement System, a $300 billion pension fund, workers led a shareholder revolt that unseated three of Burd’s boardroom allies. In The Rise of the Working-Class Shareholder: Labor's Last Best Weapon, David Webber uses cases such as Safeway’s to shine a light on labor’s most potent remaining weapon: its multitrillion-dollar pension funds. Outmaneuvered at the bargaining table and under constant assault in Washington, state houses, and the courts, worker organizations are beginning to exercise muscle through markets. Shareholder activism has been used to divest from anti-labor companies, gun makers, and tobacco; diversify corporate boards; support Occupy Wall Street; force global warming onto the corporate agenda; create jobs; and challenge outlandish CEO pay. Webber argues that workers have found in labor’s capital a potent strategy against their exploiters. He explains the tactic’s surmountable difficulties even as he cautions that corporate interests are already working to deny labor’s access to this powerful and underused tool. The Rise of the Working-Class Shareholder is a rare good-news story for American workers, an opportunity hiding in plain sight. Combining legal rigor with inspiring narratives of labor victory, Webber shows how workers can wield their own capital to reclaim their strength.

Pension trusts --- Working class --- Stockholders --- Investments --- Economic conditions --- Political activity --- CEO-worker pay ratios. --- Corporate governance. --- Defined-benefit pension plans. --- Defined-contribution pension plans. --- Dodd-Frank. --- Hedge funds. --- Pension funds. --- Private equity funds. --- Proxy access. --- Public pension funds. --- Public sector employees. --- Unions. --- shareholder activism.

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