The Relationship Between Klse Composite Indexes Finance Essay - Free Essay Example

Capital market is a financial market which is for long term investment funds with the maturities greater than one year. In USA, capital market was controlled by security exchange and it was established in 1934. While in Malaysia, Bank Negara Malaysia (BNM) capital market has been developed since 1980s. It is a market where securities such as common stock, preferred stock and bonds are issued or traded. Companies, government and other organizations use capital market in order to raise funds for their operations. In other words, capital market helps organizations or institutions whether in public and private sector to gain capital. Besides that, capital market also traded an investment funds like debt, equity and mortgage loan. The central bank, Bank Negara Malaysia (BNM) also played a very important role in develop and care of this market. Kuala Lumpur Stock Exchange or more popular known as KLSE is the only one stock market in this country. All the listed securities in Malaysia are done by KLSE since the KLSE is a self-regulatory. Based on this study, KLSE Composite Index are represented by the stock market, money supply represented by M3, consumer price index represented the inflation rates and exchange rates represented by the Malaysian Ringgit (RM) against the US Dollar. In KLSE it has their own rules where buyers and sellers trade their transaction with each other. Since KLSE was established, there were ups and down movement of KLSE causes by many variables. To measure the performance of stock market, stock index is used. Besides, it can be used by all investors as a benchmark for them to evaluate the performance of holding shares. KLSE Composite Index is comprised of 100 companies listed on the exchange. The movement of stock prices can be triggered by the movement in financial sector in particular, that is the money supply. From this situation, there might be a relationship between KLSE Composite Index with money supply. A negative relationship between stock market and inflation in India and by previous study that also comes out with the same result might support the relationship between KLSE Composite Index with inflation rates. The motivation of this study is to find out whether there is a relationship between KLSE Composite Index with the level of money supply, inflation rates and exchange rates. Thus, if the Malaysian economic are facing with inflation, the stock price will be low and vice versa. 1.2 BACKGROUND OF THE STUDY Kuala Lumpur Stock Exchange (KLSE) is a formal stock market and it is widely constructed such as the composite index, EMAS index, and the various sector indices of tin, plantation, hotel, services, automobile, industrial and properties. KLSE is a self-regulatory organization and has emerged as one of the top performing bourses in developing countries in 1992. Based on the previous study, stock index is used to measure the performance of all stock market. KLSE calculate the index for each main sector traded however, mostly it will use the KLSE Composite Index because it will comprise the stocks traded on the KLSE. Since it is the only stock market in Malaysia, the monitoring and supervising do by Minister of Finance (MOF) and by Securities Commission (SC). KLSE Composite Index has been introduced on 1986 where one stock index was needed which can act to stock market performance and Malaysia economy. All the data that has been calculated electronically by KLSE can be taken by brokers companies and other customers at any time since the index is base on minute to minute. KLSE are really a well known stock market in the world. In 1970s and 1980s, KLSE had major development until it had become one of the largest market capitalization bourses in South-East Asia. However, when Singapore out from Malaysia in 1965, the Stock Exchange of Malaysia then, known as the Stock Exchange of Malaysia and Singapore. In spite of, in 1973 when the currency exchange between Malaysia and Singapore drop, again it changes the name and become Kuala Lumpur Stock Exchange and Stock Exchange of Singapore. In 2004, KLSE has changed it name and now it is known as Bursa Malaysia Berhad. This Bursa Malaysia focused to improve the products and services that they conduct. While in year 2005, Bursa Malaysia was listed on the Main Board of Bursa Malaysia Security Berhad. While in KLSE Composite Index, it has been accepted as a local stock market barometer when it was introduced in 1986. From the investor side, the major factors that determine the stock market are the climate of economic. This study investigates the impact of inflation rates, exchange rates and money supply towards stock market. Based on the previous study, there are several researches that have been handled to investigate this dependent variable and independent variables. 1.3 PROBLEM STATEMENT This study is to analyze whether there are significant relationship between KLSE Composite Index as a dependent variables with the money supply (M3), inflation rate and exchange rate as an independent variables. Malaysia stock market performance nowadays has staged at an encouraging recovery and gain in selected blue chips and this can be proved when in 2007, Malaysias economy placed the third largest economy in Southeast Asia. Malaysian stock market is able to provide profitability investment since strong domestic spending give benefit sector trading in Kuala Lumpur Stock Exchange (KLSE). The movement of KLSE Composite Index Inflation depends on many economic factors. For this study, researcher tries to figure out whether the economic factors could affect the performance of KLSE Composite Index. The economic factors for this study refer to money supply, inflation rates and exchange rates. Researcher also tries to figure out, whether the economic factors could be major elements of stock investments. Inflation is happen when a country has printed too much money which will increase the rate of consumer price and also will affect the cost of living. Good news for inflation is, the last report of inflation rate in Malaysia is about only two percent which is in November 2010. There was a negative relationship between inflation rate and stock price. This is because during inflation, cost of living and cost of production will increase and investor will not invest as before inflation happen. Exchange rate refers as a payment or change for person that want to do exchange in currency from one country to currency of other country. While for the study in relationship with exchange rate, it also showed a negative relationship. When there is an increment in level of currency, the charges for each exchange also will be affected. This means they have to change the currency in a large amount and it might affect their money. Therefore, the rational of doing this research is to find out, whether KLSE Composite Index are linked to economic condition in level of money supply, inflation rate and exchange rate? 1.4 OBJECTIVES OF THE STUDY This study is to figure out the relationship, movement and performance of dependent variable and independent variables. It has divided into two types of objectives. The objectives of this study are: 1.4.1 GENERAL OBJECTIVES The major objective of this study is to identify the relationship between dependent variable (KLSE-CI) and independent variables which are money supply, inflation rates and exchange rates in order to know whether there is any positive or negative relationship. 1.4.2 SPECIFIC OBJECTIVES To determine the relationship between inflation rates and KLSE Composite Index To determine the relationship between exchange rates and KLSE Composite Index To identify whether changes in variables are significant in affecting the movement of KLSE Composite Index 1.4.3 NULL HYPOTHESES (H0) There is no significant relationship between KLSE Composite Index (dependent variables) with money supply, inflation rates and exchange rates (independent variables). 1.5 SCOPE OF THE STUDY This research paper is to examine the relationship between Kuala Lumpur Stock Exchange Composite Index with level of money supply (M3), inflation rates (CPI) and exchange rates (Ringgit against US Dollar). The data for this study are gathered a period for 60 months (5 years) from 2006 to 2010. As been stated, the multiple regression analysis is used to measure the relationship between dependent variable and independent variables with monthly basis issued by Bank Negara Malaysia (Central Bank of Malaysia). 1.6 LIMITATION OF THE STUDY There are some limitations in conducting this research. The limitations that have been highlighted are as follow: Limited variables chosen make it difficult to interpret the relationship of dependent variable and independent variables and it been conclude as not really efficient. The data collected are mostly from internet, journals, newspapers and economic reports. Unreliable collected data will lead to unreliable results. The data for this study is gathered for monthly collective data which taken from Bank Negara Malaysia. Only three independent variables (money supply, inflation rates and exchange rates) have been chosen since there are too many internal factors that can classify the relationship and can affect KLSE Composite Index. This study cover period for 60 months (5 years) 2005 to 2010, are considered quite a short period compare to other research. The finding might not be perfectly accurate. For this research, only one country is focused which is Malaysia in order to limit the scope of research. The limitation for this research can be more reliable if the data taken based on weekly basis. Since best research comes with accurate data from weekly or daily basis data. 1.7 SIGNIFICANCE OF THE STUDY This study provides some useful information about the relationship between KLSE Composite Index with levels of inflation rates, exchange rates and money supply. The significant of this study is to build better understanding for readers and useful information to investors in making good investment decision. In addition, this study provides two important aspects in Malaysia economy (exchange rates and inflation rates) which can help companies in Malaysia to make decisions to issue their shares during the period of good economic and during the economic when it face with high inflation. Studies examining the relationship between money supply, inflation rates and exchange rates under Malaysian experiences are very limited, and it is hope from the available findings from this study, it can be use as a direction or reference for further research. CHAPTER 2 2.1 LITERATURE REVIEW According to Oguzhan Aydamer (2009), with topic The Relationship Between Stock Prices and Exchange Rates Evidence From Turkey, he disclose the relationship between macroeconomics variables such as money supply, inflation rates, exchange rates, interest rates and stock price. This research done for 8 years from February 2001 to January 2008 which focus in one country, which is Turkey. After all the research that has been made, he then concludes that there is a negative relationship between exchange rates and all stock market indices. Besides, he also stated that other variables are also having negative relationship. Sara Alataqi and Shokoofeh Fazel (2008), with topic Can Money Supply Predict Stock Price said that, when they refer to other previous researcher, most of them come with the same result which a positive casual relationship between money supply and stock prices is frequently hypothesized by some financial analysis. While for both of these researchers, Sara Alataqi and Shokoofeh Fazel theier belive are against with that statement. From the research they have made, the results that they get are totally different with the previous study. They have proved the reason and all the calculated data in their research. As a result, they strongly explained that there is a negative relationship from money supply to stock price and also a negative relationship from interest rate to stock price. Paritosh Kumar (2008), Is Indian Stock Market Related with Exchange Rate and Inflation, said that short-term foreign assets are fully exposed to exchange risk and exchange rates movement might affect the domestic companies. He also strongly believes that, a relationship between exchange rates and stock prices do exists but it just does not rule out any relationship between them. The end result for this research is he admit that there is a significance relationship even though it shows a negative sign which means to a negative relationship. According to Shamail Arzu (2008), Relationship Between Exchange Rates and Stock Prices comes to the conclusion which changes immediately in currency can absolutely affect ups and down in the stock index. Besides, he found that fluctuation in currency rates and movement in stock exchange is negatively will affect imports and exports in a country as well. Koffie Nassar (2005), Money Demand and Inflation said that by doing an analyzing data on the relationship between money supply, prices, inflation and income in Madagascar, it comes to the result which state that a negative correlation do exist and inflation expectations are largely determined by every past events. By controlling inflation in the short run, most of the broad money growth can be effective. It concludes that the variables are not strongly significance with the dependent variable. Ramin Cooper Maysami, Lee Chuin Howe and MohamadAtkin Hamzah (2004), Co-integration Evidence From Stock Exchange of Singapores All-S Stock Indices said that the objective of their research is to examine the relationship between selected macroeconomic variables with Singapore Exchange Stock Indices. The result highlighted that the majority of the macroeconomic variables includes broad money, exchange rates and other factors are much more seriously have strong casual relationship with Singapore Exchange Stock Indices. Ming-Yu Cheng and Hui-Boon Tan (2002), entitled Inflation in Malaysia, sait that the objective of this study is to identify either it contribute to the significance relationship or not. Both researchers come to the same conclusion where based on the variables that they have been discussed, it still significance but it cannot be calssified as strong significance. According to Professor J.P.Gupta, Professor Alian Chevalier and Fran Sayekt (2000), with the research on topic The Casuality between Interest Rate, Exchange Rate and Stock Price in Emerging Markets: The Case of the Jakarta Stock Exchange highlighted that stock market are very complex and it can be very sensitive to exchange rates and interest rates. Any movement in stock market will totally affect the economy. When interest rate and exchange rates are fluctuating, it will cause a bad effect. Other than that, they agreed that interest rate and stock prices are independent series for most of the time and it a same result found in exchange rates which have strong relationship with stock price. Both variables are significance relationship towards stock price. CHAPTER THREE RESEARCH METHODOLOGY To find the result on this research, there are certain methods that can be used in order to determine the information data of relationship between the given variables. In this study, to determine the relationship between dependent variables (KLSE Composite Index) with independent variables (Inflation Rates, Money Supply and Exchange Rates), an analysis named the Multiple Regression Analysis and Statistical Package of Social Science (SPSS) is applied in order to analyze data and enhance better understanding for the result. This study covers the period from 2005 to 2010. These methods are the most applicable because it will evaluate the relationship between the variables. SPSS is used to interpret a result in research while Multiple Regression Analysis is used to measure the linear association between dependent variable and independent variables 3.2 DATA SOURCES Most of the data for this study are come from the secondary data. The closing prices of KLSE Composite Index at the end of each period were gathered and the data were achieved from Quarterly closing prices KLSE Composite Index over the period 2005 to 2010. Data for the independent variables, which are money supply (M3), inflation rate (CPI) and exchange rate were achieved from Monthly Statistical Bulletin issued by Central Bank of Malaysia (Bank Negara Malaysia) from 2005 until 2010. 3.3 THE DATA Based on this study, all the relevant data are the secondary data. There are: KLSE COMPOSITE INDEX Kuala Lumpur Stock Exchange (KLSE), which now known as Bursa Malaysia Berhad is a place for traders to do trading. It contains many counters where each of the counters is for different companies. Besides, it is a self regulatory organization that administers the conduct of its members and also members of stock broking companies. The data for KLSE were gathered from KLSE Yahoo Finance. MONEY SUPPLY Money supply is a total supply of money circulation use in economy. There are several types of measurement in money supply which known as M1, M2 and M3. In this study, researcher focuses more on M3. M3 which refer to broad money are consists of foreign currency deposits, saving deposits, fixed deposits, negotiable certificate deposit (NIDS) and repurchase agreement (Repos). The foreign currency deposits refer to deposit of foreign currencies hold by commercial banks, merchant bank and non-bank Malaysian residents. In this research, the data were taken from Monthly Statistical Bulletin of Bank Negara Malaysia. INFLATION RATES In economics, the inflation rate is a measure of inflation. In this study, the data were obtained from Monthly Statistical Bulletin of Bank Negara Malaysia. EXCHANGE RATES Exchange rate or also known as foreign exchange rate shows the relationship of currency between one country with others. In this research, researcher focuses on Malaysian (MYR) currency with US currency (USD). Increase in Malaysia ringgit means a decrease in the cost of exchange of Malaysian currency with other currency. The data for exchange rate were taken from Monthly Statistical Bulletin of Bank Negara Malaysia. THEORETICAL FRAMEWORK In this study, KLSE Composite Index is chosen as dependent variable and money supply, inflation and exchange rates are classified as the independent variables. This means that the changes in KLSE Composite Index actually depend on the changes in money supply, inflation rates and exchange rates. The diagram of the relationship between both dependent variable and independent variables are being showed below: Money Supply Inflation Rates Kuala Lumpur Stock Exchange Composite Index (KLSE-CI) Exchange Rates Dependent Variable Independent Variable HYPOTHESES This study consists of Null Hypotheses (H0) and Alternative Hypotheses (H1). The hypotheses are as showed below: Hypotheses 1 H0: There is no relationship between money supply and KLSE Composite Index. H1: There is a relationship between money supply and KLSE Composite Index. Hypotheses 2 H0: There is no relationship between inflation rate and KLSE Composite Index. H1: There is a relationship between inflation rate and KLSE Composite Index. Hypotheses 3 H0: There is no relationship between exchange rate and KLSE Composite Index. H1: There is a between exchange rate and KLSE Composite Index. MULTIPLE REGRESSION ANALYSIS Data for this study were being analyzed by using the Statistical Package of Social Science (SPSS) Software. Hypotheses are used to determine the relationship between dependent variables (KLSE Composite Index) and independent variables (money supply-M3, inflation rate, exchange rate). In order to determine the influential of money supply, interest rate and exchange rate towards KLSE Composite Index, a Multiple Regression Analysis is applied. This multiple regression analysis used the independent variables to predict the dependent variables. The Estimated Regression Model as follows: Y = c + M + F + X + Where: Y = Dependent Variable (KLSE Composite Index) c = Constant Term = Regression Coefficient (Beta Measurement) M = Independent Variable (Money Supply-M3) F = Independent Variable (Inflation Rate) X = Independent Variable (Exchange Rate) = Error Term COEFFICIENT RELATIONSHIP Researcher used R2, T-Statistic and F-Statistic to determine the relationship between money supply, inflation rate and exchange rate towards KLSE Composite Index. COEFFICIENT OF DETERMINATION (R2) Coefficient of Determination or known as R2 is the most usually used in linear regression. R2 present how well the regression model describes changes in the value of dependent variable (Y) that can be explained by the independent variables. It shows how the line fits the data. The value of R2 is range from zero to one. The range indicates whether the correlation is strong or not. If R2 is zero, the equation explains that there is no relationship between the dependent variable and independent variables. While if the R2 is 1, the equation explains the relationship between dependent variable and independent variables are do exist. The higher the value of R2, the better the regression equation will be. When value of R2 is higher, the exploratory power will increase and be more accurate for forecasting purposes. An equation of R2: Total VariationR2 = Total Explain Variation This equation are used when researcher decide to calculate by manual. However, in this study, researcher has chosen Statistical Package of Social Science (SPSS) in order to calculate all the data that are gathered from Bank Negara Malaysia for the 60 months periods. The result of this R2 will be shows and explains in analysis and findings. It also will conclude whether all independent variables will explain the dependent variable or it will not. T STATISTICS ( T-STAT) T- Statistic is used to decide whether to accept or reject the null hypotheses and also to analyze the significant relationship between dependent variable and independent variables. The value in t-table will be compared with the calculated t-value. T is critical value at certain significant T = (n k 1) n = number of observations / years k = number of independent variables If the computed t-statistic is greater than t-critical value at certain significant levels, thus reject H0. If the computed t-statistic is lower than t-critical value at certain significant levels, thus accept H0. T-Computed gt; T Critical Value, accept H1 and reject H0 T-Computed lt; T Critical Value, accept H0 and reject H1 F STATISTICS (F-STAT) Researcher is also using F-Statistic in order to know the consistency of overall regression equation. F-Statistic will evaluate the significant of each individual component of entire regression model. Equation of F-Statistic is as follows: F = Explained Variation / (k-1) Unexplained Variation / (n-k) Where: F = critical value k = number of independent variable n = number of observation If the computed F-Statistic is greater than F-Statistic value at certain significant level, then reject H0. It is a vice versa when the computed F-Statistic is lower than F-Statistic value at certain significant level, then accept H0. F-Computed gt; F-Critical Value, accept H1 F-Computed lt; F-Critical Value, reject H1 DURBIN WATSON STATISTIC Durbin Watson is used to test the presence of auto correlation. It is appears when time series data are used. Auto correlation gives a downward bias to the standard error of the estimated coefficient (t-value are exaggerated) and hence the estimated coefficient is concluded to be significant when in reality they are not. There are three possibilities where the auto correlation problem might arise: When the independent variables are duplicated When some of the independent variables are miss specified When some important variables are found missing in the model When successive residuals are positively auto correlated, the value of D will be approach zero. If the residual are not correlated, the value of D will be closed to zero. If there is a negative auto correlated, the value of D will be greater than two and could even approach its minimum value of four. Equation of Durbin Watson Statistic (D) is defining as: D = PEARSON CORRELATION ANALYSIS Pearson correlation analysis is a statistical analysis to see the direction and to describe the strength and significance of the relationships between the dependent variables and the independent variables. According to Pearson correlation analysis, the result can be ranked as follows: Less than 0.30 = Week Relationship 0.30 to 0.49 = Moderate Relationship 0.50 to 0.69 = Strong Relationship 0.70 to 0.99 = Very Strong Relationship 1.0 = Perfect Relationship CHAPTER FOUR ANALYSIS AND FINDINGS This chapter provides the findings which are obtained from the Statistical Package for Social Science (SPSS). Through SPSS, the relationship between Money Supply (M3), Inflation Rate and Exchange Rate with KLSE Composite Index can be identified. The researcher used regression in order to measure the linear relationship between dependent variable and independent variables. Coefficient of determinations (R2), T- statistic and F- statistic are the methodologies that being used by researcher to interpret the multiple regressions. All the data were calculated on monthly basis for 60 months period (5-year), which are from January 2006 to December 2010. Table1: Data gathered from monthly statistical bulletin BNM YEAR KLSE M3 INFLATION EXCHANGE Jan-06 914.0100 679276.3000 3.2500 3.7510 Feb-06 928.9400 686040.7000 3.2400 3.7135 Mar-06 926.6300 690830.2000 4.7600 3.6860 Apr-06 949.2300 697329.4000 4.5500 3.6255 May-06 927.7800 699037.4000 3.9100 3.6290 Jun-06 914.6900 700537.8000 3.9000 3.6750 Jul-06 935.8500 705585.5000 4.1100 3.6535 Aug-06 958.1200 717140.9000 3.2800 3.6770 Sep-06 967.5500 716265.6000 3.2700 3.6845 Oct-06 988.3000 725351.2000 3.0700 3.6480 Nov-06 1080.6600 737229.6000 2.9600 3.6180 Dec-06 1096.2400 760301.6000 3.0500 3.5315 Jan-07 1189.3500 776100.8000 3.2400 3.5015 Feb-07 1196.4500 789147.0000 3.1400 3.5060 Mar-07 1246.8700 789222.5000 1.5500 3.4560 Apr-07 1322.2500 796487.8000 1.5500 3.4230 May-07 1346.8900 799238.9000 1.4500 3.4045 Jun-07 1354.3800 788610.8000 1.4400 3.4545 Jul-07 1373.7100 799902.2000 1.6300 3.4540 Aug-07 1273.9300 801630.3000 1.9200 3.5035 Sep-07 1336.3000 804248.7000 1.8300 3.4170 Oct-07 1413.6500 807425.8000 1.9200 3.3418 Nov-07 1396.9800 808446.5000 2.3000 3.3585 Dec-07 1445.0300 832737.8000 2.3900 3.3065 Jan-08 1393.2500 867682.2000 2.2800 3.2360 Feb-08 1357.4000 876225.7000 2.6600 3.1890 Mar-08 1247.5200 884372.9000 2.7600 3.1875 Apr-08 1279.8600 893619.3000 3.0500 3.1580 May-08 1276.1000 898652.6000 3.8100 3.2435 Jun-08 1186.5700 899120.0000 7.6900 3.2665 Jul-08 1163.0900 912693.3000 8.5100 3.2630 Aug-08 1100.5000 904562.2000 8.5000 3.3895 Sep-08 1018.6800 912780.0000 8.2100 3.4575 Oct-08 863.6100 900442.6000 7.6300 3.5625 Nov-08 866.1400 909230.6000 5.7100 3.6175 Dec-08 876.7500 931864.7000 4.3900 3.4640 YEAR KLSE M3 INFLATION EXCHANGE Jan-09 884.4500 946005.1000 3.9100 3.6085 Feb-09 890.6700 944320.5000 3.7100 3.6925 Mar-09 872.5500 949445.1000 3.5200 3.6470 Apr-09 990.7400 948276.2000 3.0500 3.5610 May-09 1044.1100 943193.7000 2.3800 3.5075 Jun-09 1075.2400 950848.9000 -1.4100 3.5225 Jul-09 1174.9000 961049.5000 -2.4400 3.5200 Aug-09 1174.2700 973080.6000 -2.4400 3.5260 Sep-09 1202.0800 975786.8000 -2.0000 3.4745 Oct-09 1243.2300 983314.9000 -1.4900 3.4075 Nov-09 1259.1100 1000513.5000 -0.0900 3.3875 Dec-09 1272.7800 1017303.2000 1.0700 3.4245 Jan-10 1259.1600 1021076.7000 1.3400 3.4130 Feb-10 1270.7800 1021628.5000 1.1600 3.4090 Mar-10 1320.5700 1031923.0000 1.3400 3.2730 Apr-10 1346.3800 1025310.0000 1.5200 3.1905 May-10 1285.0100 1030891.5000 1.5500 3.2530 Jun-10 1314.0200 1034522.0000 1.5600 3.2575 Jul-10 1360.9200 1039009.2000 1.7700 3.1875 Aug-10 1422.4900 1052520.2000 1.9000 3.1375 Sep-10 1463.5000 1058471.4000 1.7200 3.0875 Oct-10 1505.6600 1065712.1000 1.8400 3.1095 Nov-10 1485.2300 1082174.4000 1.7700 3.1575 Dec-10 1518.9100 1088969.3000 1.9900 3.0835 The table above shows the figure of each variable, money supply (M3), inflation rates, exchange rates and composite index as the dependent variable and independent variables in a monthly basis for 60 months periods (5-year) from January 2006 to December 2010. INTERPRETATION OF TREND ANALYSIS DV = KLSE COMPOPSITE INDEX M3 = MONEY SUPPLY INF = INFLATION RATES EXC = EXCHANGE RATES Based on this study, this trend analysis used to observe the movement of KLSE Composite Index and it is based on 60 months period (5-years) from January 2006 to December 2010. Data above shows the interpretation of words that are use in this study. TREND ANALYSIS ON KLSE COMPOSITE INDEX (DEPENDENT VARIABLE) Figure 1: Trend of KLSE Composite Index from January 2006 to December 2010 The figure above shows the movement of KLSE Composite Index calculated in monthly basis for 60 months which are from January 2006 to December 2010. This data gathered from Monthly Statistical Bulletin Bank Negara Malaysia. From the graph, it shows that the movements of KLSE Composite Index for 60 months from January 2006 to December 2010 are fluctuated. It means the upwards and downwards momentum was affected by economy of Malaysia. The KLSE Composite Index starts to decline in year 2009 when at this year, Malaysia faced with economic recession. This shows a positive relationship between KLSE Composite Index and economic of Malaysia, where KLSE Composite Index will decrease whenever Malaysia faced an economic recession. Besides, it strongly affected investors. Their level of confidence to do invest will decrease according to recession. They prefer not to invest in order to avoid high risk and they not have extra money to spend on stock investment. However, at the end of 2009 the movement of KLSE Composite Index starts to recover as it showed an increasing movement in the graph. At this stage it can be conclude that, recovery from recession has increase the investors confident to spend on investment and next, it increase in the stock index performance in the KLSE. MULTIPLE REGRESSION ANALYSIS Table 2: Regression result Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. Collinearity Statistics B Std. Error Beta Tolerance VIF 1 (Constant) 16.082 1.345 11.955 .000 logM3 -.372 .085 -.304 -4.406 .000 .531 INFLATION -.029 .004 -.398 -7.577 .000 .916 1.092 logEXCHANGE -3.126 .214 -.978 -14.610 .000 .566 1.768 a. Dependent Variable: logKLSE R Squared = 0.858 F Statistics = 112.949 Durbin Watson = 0.633 The table above shows the result of regression which is gathered from Statistical Package for Social Science (SPSS) that includes all the dependent variable and independent variables. REGRESSION MODEL The specific form of equation: Y = c + M + F + X + The specific form of equation based on SPSS output: Y = 16.082 0.372M 0.029F 3.126X (1.345) (0.085) (0.004) (0.214) All the dependent variable and independent variables data were calculated using SPSS. The figure above are obtained from SPSS were put in the equation of regression. Note: Figures are in parentheses shows standard error of coefficient. Where: KLSE = Kuala Lumpur Stock Exchange M = Money Supply (M3) F = Inflation Rates X = Exchange EXPLANATION OF REGRESSION COEFFICIENT MODEL MONEY SUPPLY (M3) From the table 2, the result shows that there is a negative relationship between money supply and the KLSE Composite Index. It means that when the money supply decrease by 1 unit, the changes in KLSE Composite Index also decrease by 0.372 units. INFLATION RATES From the table 2, it indicates that there is a negative relationship between inflation rates and KLSE Composite Index. This shows that when inflation rates decrease by 1 unit, the changes in KLSE Composite Index also decrease by 0.029 units. EXCHANGE RATES From the table 2, the result shows that there is a negative relationship between exchange rates and KLSE Composite Index. This state that when exchange rates decrease by 1 unit, the changes in KLSE Composite Index also will decrease by 3.126 units. COEFFICIENT OF DEERMINATION (R2) Table 3: Mode summary of coefficient of determination Model Summaryb Model R R Square Adjusted R Square Std. Error of the Estimate 1 .926a .858 .851 .06650 a. Predictors: (Constant), logEXCHANGE, INFLATION, logM3 b. Dependent Variable: logKLSE Model R Square 1 0.858 Based on the table above, the result shows that R Squared (R2) is 0.858. It can be measured as a high explanatory power of estimated equation. This indicate that 0.858 stand as 85.8 % of changes in dependent variable. This dependent variable was explained by those independent variables that are listed in the equation like money supply (M3), inflation rates and exchange rates. Another 14.2 % of changes in dependent variable can be explained by other factors such as gross domestic product, interest rate and other macroeconomic variables which are not included in this model. The regression above is still can be accepted. ANOVA Table 4.1: Anova ANOVAb Model Sum of Squares df Mean Square F 1 Regression 1.498 3 .499 112.949 Residual .248 56 .004 Total 1.746 59 a. Predictors: (Constant), logEXCHANGE, INFLATION, logM3 b. Dependent Variable: logKLSE Sig. F Model .000a 112.949 1 Regression Residual Total The above table shows the result of ANOVAs. It is a test of significance for the overall regression model and was measured from the significance of F-Value in above tables. Table 4.2: F-Statistic Result Critical F-Statistic Calculated F-Statistic Model 112.949 3.15 Regression Where: The numerator is: = k 1 = 3 1 = 2 The denominator is: = n k = 60 3 = 57 The calculated value of the F-statistic is 112.949. Based on the above data, it also shows the degree of freedom for the numerator (k-1) and denominator (n-k). The result gathered from that model, the numerator value is 2 and the denominator value is 57. By using both numerator and denominator, critical F-value is 3.15. Since the calculated F-statistic is greater than F-distribution table, (112.949 gt; 3.15) it explains there is a significant relationship between KLSE Composite Index as dependent variable with money supply, inflation rates and exchange rates as independent variables. Therefore, the overall model appears as a useful model in predicting KLSE Composite Index. T STATISTICS Another statistical test that been using in this study is the concept of T Statistic. This T-Statistics is used to determine if there is a significant relationship between the dependent variable (KLSE Composite Index) with each of the independent variables (money supply, inflation rates and exchange rates). Researcher has set up two hypotheses before. T Statistic will help researcher to choose which hypotheses can be true. The two possibilities are: H0 = null hypotheses; there is no significance relationship H1 = alternate hypotheses; there is a significance relationship Table 5: Coefficients highlighting T-Statistics and significance level Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. Collinearity Statistics B Std. Error Beta Tolerance VIF 1 (Constant) 16.082 1.345 11.955 .000 logM3 -.372 .085 -.304 -4.406 .000 .531 INFLATION -.029 .004 -.398 -7.577 .000 .916 1.092 logEXCHANGE -3.126 .214 -.978 -14.610 .000 .566 1.768 a. Dependent Variable: logKLSE ANALYSIS USING SIGNIFICANCE LEVEL If the t -statistic value is greater than the significance level, failed to reject H0. If the t- statistic value is lower that the significance level, reject H0 and conclude H1 Based on this study, the sample size is 60, and to get the number of degree of freedom, there is an equation that has to follow. The degree of freedom is equal of sample size minus number of independent variables minus one. The regression is: Degree of Freedom = n k 1 From this study: Degree of freedom = 60 3 1 = 56 Since the degree of freedom is 56, thus the t distribution table is 2.660 Table 6: T Statistical result of dependent variable and independent variables Remark Critical T-Statistic Observe T Statistic Sig. Variables 0.0000.000 0.000 Significance 11.955 -4.406 Constant logM3 Significance 2.660 2.660 0.000 0.000 Inflation -7.577 Significance 2.660 0.000 -14.610 logExchange ANALYSIS USING T STATISTICS MONEY SUPPLY (M3) From the above table, the calculated T-statistics is -4.406. Since the degree of freedom is 56, the calculated T-value is 2.660. Therefore at 95% confident interval, the calculated T-value is greater than critical T-value (4.406 gt; 2.660). This shows a negative relationship between M3 with KLSE Composite Index movement and the M3 is statistically significance in explaining the KLSE Composite Index. As a decision, H0 will be rejected and H1 will be accepted. It means that money supply does influence the KLSE Composite Index. INFLATION RATES Based on the table 6, the calculated T-statistics is -7.577. It shows that the calculated T-value is more than the critical T-value at the 95% confidence interval (7.577 gt; 2.660). It explains a negative relationship and significance relationship between inflation rates with KLSE Composite Index. As a decision, H0 will be rejected and H1 will be accepted. It means that inflation rates do influence the KLSE Composite Index. EXCHANGE RATES From the table, the calculated T-statistic is 14.610. Since the critical T-value is 2.660, it results in less value compared to the calculated T-statistics at the 95% confidence interval (14.610 gt; 2.660). This show a negative relationship and the exchange rates is statistically significance in explaining the KLSE Composite Index. As a decision, H0 will be rejected and H1 will be accepted. It means the exchange rates do influence the KLSE Composite Index. DURBIN WATSON STATISTIC Table 7: Result of Durbin-Watson Model Summaryb Model R R Square Adjusted R Square Std. Error of the Estimate 1 .926a .858 .851 .06650 a. Predictors: (Constant), logEXCHANGE, INFLATION, logM3 b. Dependent Variable: logKLSE NO DECISION NO DECISION -VE CORRELATION NO AUTOCORRELATION +VE CORRELATION 4-dL 4-dU dU 2 dL 2.52 2.31 1.69 1.48 0.633 Figure 2: Durbin-Watson result Based on the table above, the computed Durbin Watson is 0.633. While the number of observation is 60 and the independent variables are 3. DURBIN WATSON RESULT Model Durbin-Watson 1 0.633 By looking at the Durbin-Watson table, the Durbin-Watson statistic is 0.633. Since the sample size is 60 and the independent variables are 3, result gathered from Durbin-Watson table for dL is 1.48, while for dU is 1.69. This result explained that there are auto correlation problem exist in this study. All the independent variables chosen for this study, which are money supply, inflation rates and exchange rates, are not duplicated. From what have been interpreted above, the calculated Durbin-Watson 0.633 does not rely between 1.69 and 2.31. It comes to the conclusion that there is an auto correlations exist among these variables. PEARSON CORRELATION The correlation is used to access the strength of the relationship between two variables. It is a statistical analysis to see the direction and to describe the significance of the relationship between dependent variable and independent variables. The sign of positive (+ve) explains that the independent variables have positive correlation with the dependent variable. While the sign of negative (-ve) explains that the independent variables have negative correlation with the dependent variable. PEARSON CORRELATION RESULT Table 8: Result of Pearson Correlation Correlations logKLSE logM3 INFLATION LogKLSE Pearson Correlation 1 .451** -.451** Sig. (2-tailed) .000 .000 N 60 60 60 logM3 Pearson Correlation .451** 1 -.284* Sig. (2-tailed) .000 .028 N 60 60 60 INFLATION Pearson Correlation -.451** -.284* 1 Sig. (2-tailed) .000 .028 N 60 60 60 logEXCHANGE Pearson Correlation -.834** -.658** .143 Sig. (2-tailed) .000 .000 .277 N 60 60 60 **. Correlation is significant at the 0.01 level (2-tailed). *. Correlation is significant at the 0.05 level (2-tailed). The table above shows the result of the dependent variable and independent variables that describe all of these correlations. It explained which variable are significant and at what level do it state. PEARSON CORRELATION EXPLANATION Money Supply (M3) From the result, there is 45.1% of the variation in money supply that can explain the variation in KLSE Composite Index. This positively relationship can be classified as a strong relationship. It also shows that money supply and KLSE Composite Index have a positive sign which refer to the positive correlation. As a conclusion, it shows a significance result for money supply at the level of 0.01 or at 1%. Inflation Rates Based on the result table, there is negative relationship between inflation rates and KLSE Composite Index. There is 45.1% of the variation in inflation rates that can explain the variation in KLSE Composite Index. As a conclusion, inflation rates also shows a significance result at 1% which refer to 2-tailed. Exchange Rates Based on the result, it explains the relationship between exchange rates and KLSE Composite Index is the strongest compare to other relationship. There is 83.4% of the variations in KLSE Composite Index that explained by the exchange rates. It can be interpreted as a strong relationship. The result shows a negative correlation which means the changes in one variable is affected by the changes in other variables. As a conclusion, this variable also shows a significance result which state at level 0.01. 5.1 CONCLUSION In the beginning of this research, researcher would like to determine whether the macroeconomics variables which are Money Supply (M3), Inflation Rates and Exchange Rates as the independent variables, that has a relationship with Kuala Lumpur Stock Exchange Composite Index in Malaysia economy. In realistic, there are many variables that can affect the movement and performance on stock index in the stock market. As a result, all the independent variables which are money supply, inflation rates and exchange rates do influence the effect of this KLSE performance. From the problem statement in this research that have been issued before, the problem statement want to discover the movement of KLSE Composite Index on many economic factors, whether the economic factors could affect the performance of KLSE Composite Index . The economic factors refer to money supply, inflation rates and exchange rates as independent variables and KLSE Composite Index as the dependent variables. Researcher tries to figure out the whether relationship between dependent variable and independent variables are suitable between each other or not, since there are other independent variables that are more suitable to used in this research. From the analysis and findings, the result shows a significant relationship between money supply and KLSE Composite Index. However, it result an inconsistent with the previous study that shows a positive relationship which might due to the different value of money, rules and regulation made by different countries. While, the result for inflation rates and exchange rates also shows a significance relationship with KLSE Composite Index. The result shows a consistent with the previous studies that are also state that there are a negative relationship and it shows a significance relationship between inflation rates, exchange rates with KLSE Composite Index. This situation might be attributing to the unique structure of the Malaysian and it may also derive from different perception among the investors. In conclusion, from the result that were obtained from the SPSS it shows all the independent variables which are the money supply, inflation rates and exchange rates have very strong significance relationship with the Kuala Lumpur Stock Exchange Composite Index. In other words, the performance of dependent variable which is, KLSE Composite Index is influenced by these three variables. RECOMMENDATIONS Based on this study, researcher has find out several recommendations which can be use for further research. It is recommended, in order to get an exact effect between money supply (M3), inflation rates and exchange rates with the KLSE composite index, the length of observation period should be more than 60 months (5 years) or a daily data can be taken. The more length of observation being analyze, the more accurate the result will be. Researcher would like to recommend, more than three independent variables such as gross domestic product, interest rate, balance of payment and others to be used in future research. Hence, the result could be more significant and accurate. It is also recommended to use various types of index such as Emas index, industrial index and others that could result more accurate movement in KLSE composite index.

Essay Topics - Writing Essays That Are More Interesting Than You Think

<h1>Essay Topics - Writing Essays That Are More Interesting Than You Think</h1><p>While there are innumerable exposition subjects accessible to you, what makes an intriguing paper theme? To locate the best exposition points that would accommodate your own character and style, utilize this helpful rundown of paper topics.</p><p></p><p>The absolute first thing to acknowledge about article subjects for a Tale of Two Cities is that every one of them depend on occasions that occurred previously. Individuals who composed books in the sixteenth century, for instance, knew about occasions that happened numerous years sooner. On the off chance that you have a book or a story that happens in the present, you will be better off with a Tale of Two Cities topics.</p><p></p><p>Another factor to consider while picking a point is whether the occasions occurred in urban regions or provincial networks. Provincial individuals may have al l the more a foundation to draw upon, while urban ones may not.</p><p></p><p>There are article points that would speak to everybody. Others might be progressively fit to increasingly preservationist understudies. Obviously, on the off chance that you are not as social as everybody, you ought to have some fun.</p><p></p><p>Just in light of the fact that you are a veggie lover doesn't imply that you can't compose expositions about food. Indeed, the meat and dairy businesses make gigantic measures of cash by impacting general assessment. Along these lines, you can utilize food-related exposition subjects to call attention to the lip service and corporate avarice of certain industries.</p><p></p><p>Then there are themes dependent on significant occasions of the past. Papers are particularly acceptable wellsprings of data about major chronicled occasions, for example, fights, wars, fights, relocations, and so forth. Utilizing this sort of paper theme can uncover the journalistic spin's against sure ideological groups and leaders.</p><p></p><p>Finally, there are exposition subjects that are outright irregular. Take, for instance, an anecdote about a battle between two groups of boxing champions. How might you present a story that includes a horrendous bomb detonating in a network without telling the peruser that it was really an instance of mixed up identity?</p>

How to Help You Write an Original Research Paper

<h1>How to Help You Write an Original Research Paper</h1><p>I am certain a large portion of you realize that composing your own exploration paper can be a test. This can be the situation for any individual who needs to compose his own exploration paper and he would need to be cautious about his information. Be that as it may, it is as yet not feasible. Here are a few hints for helping you compose a unique research paper.</p><p></p><p>First of all, you should design out your exploration paper cautiously. You should mull over the motivation behind your paper. For instance, on the off chance that you are setting up a paper to be submitted to a doctoral level college, you should think about your GPA, different evaluations, the degree of study you have finished, and so forth. It would likewise be useful on the off chance that you mull over your tentative arrangements like a vocation in an alternate field or a considerably advanced education. This will assist you with setting up your paper so that it will be simpler for you to enhance it later.</p><p></p><p>Once you have settled on the motivation behind your exploration paper, your following stage is list all the pieces of your paper. For instance, on the off chance that you need to introduce a unique research paper, you should initially break down your motivation. The following stage is make sense of the configuration of your paper. This incorporates composing a determination and a sub-feature. After this, you can compose a presentation, your body content, the presentation of your sources, and an end. In the event that you don't design your paper appropriately, you may neglect to incorporate all the significant parts and this could make your paper much harder than it ought to be.</p><p></p><p>After you have finished all the primary objectives of your paper, you can begin composing. Continuously keep your composing stream smooth and stream easily. It would likewise be useful on the off chance that you include only a couple of words to a great extent. This will guarantee that your paper will stream easily. In the event that you take an excess of time recorded as a hard copy, you will wind up racing through your paper and it will never again be a unique research paper.</p><p></p><p>Your following stage is edited your work. This would imply that you should experience your work again and it is exceptionally essential that you read through your paper commonly. Along these lines, you can see that the words you composed appear to be on the right track to you.</p><p></p><p>After you have composed the exploration paper, you should alter it a few times before you submit it to your educator. On the off chance that you have any recommendations on the best way to improve the examination paper, you can impart it to your professor.</p><p></p><p>Pleas e note that you can't assist your educator with making any adjustments in your paper, so you need to compose the exploration paper as you would do it without anyone's help. This will enable you to recognize what to do before you need to present your paper. Recall that there are just a couple of tips to assist you with composing an examination paper and once you realize how to do it, you can compose your own exploration paper very easily.</p>

Adding Interest to Your Pakistani Culture Essay

Adding Interest to Your Pakistani Culture EssayOf all the topics of discussion in Pakistani culture essays, there are a few that should be of particular interest to students who wish to create an interest in their subject. One such topic of discussion is the Hindu-Muslim controversy. Since this article is being written on behalf of Pakistanis, it is important to introduce some people who are currently facing such controversies.The Misnomer: It is now well known that Salman Rushdie has been the subject of controversy for a number of years. He is a practicing Muslim and yet is accused of making derogatory remarks about certain aspects of their religion. In his case, the accusation has been mostly based upon his work 'The Satanic Verses'. For example, there are those who believe that his book was a lie or was intended as a tool to promote anti-Islamic beliefs among the youth of the world.Another author who has attracted the attention of a large section of the Pakistani population is Abd ul Sattar Edhi, who has been the recipient of awards from the government of Pakistan and the United Nations, as well as a religious leader in the country's culture and society. Edhi is credited with introducing modern day health care methods, among other things. This has led to a great deal of controversy and division within the country's culture and society.Both authors have been targeted for political reasons, however there is little to no evidence of any mental distress, or any controversy over their activities. In fact, both have done wonderful things for the betterment of their country.Another controversy has emerged around one such writer, Shahzad Akbar, who has written several books on the stories of people from different backgrounds. These include stories from Hindus, Muslims, Christians, Christians and Muslims. This has led to the belief that Akbar is trying to promote a particular belief system.However, there is little evidence to support this and social criticisms regardi ng Akbar have been far from him being anti-Islamic. In fact, as mentioned above, he has promoted many good ideas in Pakistan's culture and society, but he has also been in the crosshairs of the media for having public criticisms about specific aspects of their religion.The Cause: There is no question about Akbar's writings, and they are very important for those who wish to explore the political correctness and proper application of Islam. But these writings will not necessarily trigger a scandal, if they fall into the category of eulogies, or obituaries. Akbar will likely remain at the center of controversy, but he should not be considered to be the cause of the problem.The reason is because he is a person who has written on the issues that are currently playing out in the world of politics and social correctness. He is also not some sort of 'villain' in the eyes of many, because he has only advocated liberal ideas for a better society.

What Is The Purpose Of College Education Essay?

<h1>What Is The Purpose Of College Education Essay?</h1><p>In school you need to compose a great deal of papers. The motivation behind composing papers relies upon your advantage. You need to choose what is your advantage and attempt to compose an exposition on that subject. At times it is troublesome in light of the fact that there are such a large number of activities and there are such a significant number of various subjects to study.</p><p></p><p>One thing you can do so as to get a decent advanced degree article is to discover your advantage. You have to choose what your subject is. There are various subjects like history, writing, governmental issues, theory, brain science and others. You have to choose the correct subject for you and settle on a theme to compose about.</p><p></p><p>In request to have a decent advanced degree exposition, you need to recognize what you are expounding on. You have to realize what i s the motivation behind your paper. That will help you in finishing the task. You can figure out how to locate the correct theme determination by perusing the advanced degree articles and choosing the correct subject from there.</p><p></p><p>Do do whatever it takes not to expound on something that you have not adapted at this point. It would be extremely baffling to peruse the paper and see that you have not so much got the hang of anything. This is the motivation behind why you need to pick the correct theme. It will help you in finishing the task. It will make your investigation simpler in the event that you recognize what the reason for the paper is.</p><p></p><p>You can likewise check what others have composed regarding the matter. Discover a few sites and read a portion of the expositions that are composed on the point. Peruse what others have composed on the theme. You may locate some fascinating ideas.</p><p></p&g t;<p>In request to finish an advanced degree exposition, you have to keep an eye on what different points are available. You likewise need to peruse some related books on that point. Ensure that you have all the data that you requirement for the subject before you begin composing. For this reason, you can look at some eBooks.</p><p></p><p>Do not neglect to utilize some subject thoughts for the paper. Topic thoughts will give you more thoughts for the point that you will utilize. It is significant that you have enough thought so as to finish the paper. You have to invest some energy in inquiring about the subject that you will use for the essay.</p><p></p><p>As you realize what is the motivation behind composing an advanced degree article, you would now be able to go on with the readiness. You have to check your insight about the theme before you begin composing. Compose a draft first. At that point, after you get more experience you can alter the draft. At last, compose your essay.</p>

Writing a Literature Research Paper

<h1>Writing a Literature Research Paper</h1><p>Writing a writing research paper is something that a significant number of us need to do however never appear to get around to. It's not on the grounds that we're scared by the subject, it's more since we don't have the foggiest idea where to begin. Before you begin lingering or simply lounge around wanting to be composing a paper, here are a few pointers to kick you off on your approach to composing an incredible one.</p><p></p><p>The initial step to composing a writing research paper is to plunk down and list down the entirety of the sorts of writing that you're keen on. Is it accurate to say that you are composing a book? A magazine article? An exposition? These will require an alternate style and in this way an alternate research style.</p><p></p><p>After choosing which ones you will expound on, take a couple of moments to work out what sort of composing you will do. F rom that point, attempt to assemble a short blueprint of what you're going to cover in each area. Do this ahead of time of really composing any of the material, or you'll be scrambling to accomplish something that doesn't exactly make sense.</p><p></p><p>Don't start working a paper until you've rounded out your framework. On the off chance that you don't have a diagram, keep in touch with one and round it out before you begin composing. At that point you can return over the diagram and make sense of precisely what you have to write.</p><p></p><p>If you can't concoct a theme, attempt to list down the things that you'll have to cover in each area. For instance, in the event that you're composing a book, at that point you'll have to know somewhat about the distributing business and afterward what book covers you'll have to take a gander at. In actuality, I can't reveal to you how frequently I've been confronted with a theme and figured 'I don't have the foggiest idea where to start...'</p><p></p><p>Writing your writing research paper resembles perusing a story. It requires some investment to set up the structure and afterward you need to keep composing all through the piece. You'll stall out and wonder why you even bothered.</p><p></p><p>When you begin composing the paper, you may find that it takes longer than you were anticipating. Simply continue composing and keep at it and soon enough you'll see a completed piece.</p>

Postmodernisms Effect on Marriage and Family - 1835 Words

Postmodernism first appeared around the 1980’s, following a hectic and messy period of time. The postmodernist theory that defines a new era describing the world as society is fragmenting, while authority is de-centering, and real truth does not exist; there are only representations of it. Believers of the postmodernist theory, believe that postmodernism is a mixture of present, past, and future, more specifically, the cultural and spatial elements of these different times (Lemert, 2010). The postmodern age is considered the information age, or even, the technological age. Both of these are evident through the changes that have occurred within the typical marriage and family. One of the main emphases of postmodernism is that no real truth†¦show more content†¦Even if there was unhappiness in the marriage, many of the couples stayed married just so they would not be isolated in society. Divorce is a lot more socially acceptable in today’s society, as compared to previous decades. With the increase in divorce, single-parent households have become a lot more common, this is because the beliefs of divorce have changed over time. Divorce is one of the clear representations of postmodernism. Before, marriages may have been happy, but for the most part, marriages were happy, but now, many marriages are not happy. The idea behind marriage is love, happiness, and eternity. This is evident in the many of the vows that are exchanged during wedding ceremonies. The vows in themselves are lies. Saying that the couple will be in love and happy forever, until death, is not the truth. Society is fooled into believing the marriage is happy, and it will always be happy, as seen with the increase in divorce rates, this is no longer the truth. Since the beliefs of divorce have been changing, the beliefs of the types of marriages have also changed. Interracial marriages have increased over the past few decades. While interracial marriage did exist, there were laws that previously prevented interracial marriage. Statistics were not available until 1980 about interracial marriages, and when the data became available; only 3 percent of marriages were interracial, as compared to now, 8 percent ofShow MoreRelatedPostmodernism: The Movement in Life Essay1263 Words   |  6 PagesAlthough the postmodern movement was not started in America, its many effects have influenced the culture of this nation. Postmodernism took America from a place where it held strong values of right and wrong, to a place where any idea has been given validity and merit. By presenting new world views, postmodernism has affected American literature, for both the writer and the reader, and American culture on a vast scale. Explaining postmodernism is very challenging because it does not have a realRead MorePostmodernism and the Simpsons10775 Words   |  44 Pagesfragmentation with a tone of lamentation and nostalgia for an earlier, more intact age, while the postmodernist employs it with a tone of exhilaration and liberation (Barry, 2002: 84). Postmodernists also draw a distinction between modernism’s and postmodernism’s perception of the relationship between â€Å"high† art and â€Å"low† art. Whereas the modernist would generally eschew the mixing of high and low art, in the postmodern realm it is not infrequent that these elements are conflated in one expression. PostmodernismRead MoreElements of Postmodernism in Ishmael Reeds Mumbo Jumbo, Don Delillos White Noise, Toni Morrisons Beloved and Thomas Pynchons the Crying of Lot 496348 Words   |  26 Pagesthe most important works of American postmodern fiction. Works such as Ishmael Reeds Mumbo Jumbo, Don DeLillos White Noise, Toni Morrisons Beloved and Thomas Pynchons The Crying of Lot 49 are only a few of many which contain all or some of postmodernisms most distinguishable elements. Throught these four novels one can perceive the concepts of potmodernism, from its assault upon traditional narratives to the role of the individual in an impersonal, emotionless society. The narrative techniques

Argumentative Essay Topics on Huckleberry Finn

<h1>Argumentative Essay Topics on Huckleberry Finn</h1><p>Huckleberry Finn is a renowned American epic that is a run of the mill story of a contentious paper. It manages the issue of race, and the main section of the novel discussions about a supposed dark youngster, which is Finn's character. In the article we are going to discuss various fascinating subjects on this praised novel.</p><p></p><p>This is a disputable novel. It is commended by a few and reprimanded by others. It merits referencing that it is by and large idea of as being against social or shameless by numerous people.</p><p></p><p>The strife is basically between the white American pilgrims and the indigenous Native Americans who live in the inside of the United States. The battle for the rights to the land. This book was written in 1860 and it has been viewed as extremely dubious ever since.</p><p></p><p>One of the best contention s against perusing Huckleberry Finn is that it doesn't manage any one side. This is the run of the mill configuration of most well known works of writing and furthermore of papers. It is increasingly similar to a supposition regarding the matter. One would need to peruse the book more than once just to comprehend the contentions that Finn makes.</p><p></p><p>In this article we will look at a couple of the focuses made by Huckleberry Finn in the presentation of the novel. These focuses, when talked about in more detail, assist us with going to a superior comprehension of the idea of human relations, regardless of whether we don't concur with them.</p><p></p><p>The creator says that Finn's dad was a slave. He depicts him as an's 'Indian' and his mom as 'the white woman's white woman'. Finn, following quite a while of servitude, was sent to live with a group of whites.</p><p></p><p>Finn figured out how to communica te in English, yet not 'Whitey's English'. He wanted to utilize the language of the Indians, particularly the language of the white pioneers. He would tell the kids the best way to peruse by deciphering his exercises from the Indians' language into their own language.</p><p></p><p>These are only a couple of instances of what Huckleberry Finn did so as to conform to his new circumstance. Truth be told, he was very fruitful in this respect.</p>

The Truth About Cancer Research Papers

<h1> The Truth About Cancer Research Papers </h1> <h2> Gossip, Deception and Cancer Research Papers </h2> <p>Prompt location of malignant growth is critical, as it is ordinarily all the more testing to treat in later stages. The most widely recognized sort of radiation used to manage malignancy utilizes light emissions beams. Indigestion has transformed into a major aggravation to a considerable extent of the people. </p> <p>Therefore, the theory is acknowledged. You can discover progressively about malignant growth before picking a theme. A standard hypothesis among scientists, is the extensive increment in weight is causing an ascent in Adenocarcinoma of the Esophagus. These examinations help to discover progressively about how disease starts or spreads. </p> <h2> Ok, I Think I Understand Cancer Research Papers, Now Tell Me About Cancer Research Papers!</h2> <p>If you need to discover increasingly about clinical preliminaries which might be appropriate for you, start with asking your medicinal services supplier if your facility or emergency clinic conducts clinical preliminaries, or see Clinical Trials to discover more. A patient may get one specific medication at once or blends of one of a kind medications at precisely the same time. Not all emergency clinics are made equivalent. Continuously talk with your clinical consideration group what you find in a theoretical or study. </p> <p>Combining various medications is an amazing methodology that doesn't just makes treatment increasingly compelling, yet in addition diminishes the opportunity of opposition showing up, Dr. Elemento clarified. The specialist may likewise gracefully the patient with the absolute best treatment manage for the illness. Dynamic connection with your doctor is fundamental for recommending the absolute best appropriate treatment program. Now and again another treatment gives off an impression of being truly encouraging once you perused the reports. </p> <h2> The Meaning of Cancer Research Papers</h2> <p>Cryotherapy for malignancy varies and is every now and again alluded to as cryoablation'. Since, as indicated by you, you're responsible for the infection by virtue of your lifestyle and propensities. Many eye inconveniences of diabetes can be forestalled if an individual who has the condition keeps up an energizing lifestyle and is consistent in their diabetic treatment. This kind of malignancy represents around 7% of youth tumors. </p> <h2> The Battle Over Cancer Research Papers and How to Win It</h2> <p>Within this stage, the bosom malignant growth should be obtrusive. Harmone treatment works just within the sight of estrogen receptors. Different investigations are assessing if certain cardiovascular medications, called beta-blockers, can stop the heart harm once in a while because of the run of the mill bosom malignant growth chemotherapy meds, doxorubicin and epirubicin. For instance, associate examinations have contemplated the opportunity of utilizing postmenopausal hormone substitution treatment and a raised possibility of bosom malignancy. </p> <p>Artificial Intelligence has a significant part to play in lifting crafted by tranquilize development specialists. Each examination is a little piece of the exploration puzzle. No examination configuration is perfect. </p> <p>The past creator may likewise be the relating creator, the person who's the key contact for diary editors. The absolute first creator is a pined for position because of the more prominent perceivability. </p> <p>Interestingly, about every single one of the meetings introducing solid outcomes on utilizing AI were from the region of radiology. These types of studies look at two gatherings of people. The methods coming up to disentangle relations and not just examples have gigantic ability to settle not just Neural Reasoning but rather likewise various other difficult issues including Few Shot learning challenges. On the off chance that analysts wish to examine mixes of three or four medications, the measure of imminent groupings develops quickly, and the ability to tentatively test every one of them at the seat gets progressively intense. </p> <p>Keep rules as a main priority while you audit thoughts. It's uncommon a guide is wrote by just two or three individuals any longer. Your point can assist you with making an incredible amount of substance to fulfill inquire about paper rules. It's conceivable to utilize test papers on this issue of malignant growth for extra thoughts. </p> <p>Over the most recent ten years, huge scope inquire about activities have begun to review and index the genomic changes associated with bunches of sorts of malignant growth. Malignancy is a muddled point as it can comprise of various components from costs, social insurance, treatment options, passionate impacts, etc. A few tumors are increasingly common in some particular segments of earth. Compose a paper about the piece of contamination on bosom disease costs. </p> <p>Lives are changed until the end of time. Specialists are continually scanning for better approaches to deal with colorectal disease. They are searching for approaches to help with these difficulties. They may search for way of life or hereditary contrasts between the two gatherings. </p> <p>Abortion likewise parts of the bargains of the new human individual creating inside your body. Research is continually occurring in the region of colorectal disease. </p>

Career Goals And Why You Should Use Them As Part Of Your College Essay

<h1>Career Goals And Why You Should Use Them As Part Of Your College Essay</h1><p>There are many vocation objectives in school that understudies follow. These incorporate acquiring a degree, moving in the direction of a vocation, and moving in a mind-blowing direction goal.</p><p></p><p>Many understudies are following profession objectives when they attend a university. A profession objective is basically what you need to accomplish professionally. There are a wide range of vocation objectives out there, for example, a bookkeeper, specialist, or money related examiner. The field of money is frequently the first for most understudies in their profession arranging classes.</p><p></p><p>When understudies follow vocation objectives they are following a way set out for them by their school. These profession objectives are set to help understudies who don't know precisely what they need to do with their life and thus are urg ed to get a degree or two preceding creation any significant choices about their life. By getting a qualification, these understudies are one bit nearer to having the sort of employment they need. It can assist with saying more than you plan by getting a degree.</p><p></p><p>A vocation objective can be a smart thought on the off chance that you think that its difficult to imagine precisely what your future profession will be. By making this stride you will be making a stride towards doing your exploration on potential vocations. This may appear as though a senseless thought however it very well may merit investigating on the off chance that you do not understand what you might want to do with your life. By making this stride you are additionally giving yourself an additional increase in certainty. The vast majority attempt to make sense of things without anyone else rather than following a vocation plan.</p><p></p><p>There are numerous understudies who go into school with next to no cash and they end up in a genuine battle in attempting to make a decent living. They don't have the foggiest idea how to adapt to understudy credits and all the charges that accompany it. They have to take some sort obviously so as to do this. For instance, understudies must take an account class so as to take care of their understudy advances. In the event that they can't do this, they are basically selling their future.</p><p></p><p>Students who can't bear the cost of school advances are commonly found in the field of fund and are given a major push toward getting a degree. This thusly may prompt a profession switch that opens up circumstances that would not have been available to them previously. This can mean a decent pay and even an advancement inside the organization. A large number of these profession changes are extremely only a characteristic movement for individuals who are happy to make the penances necessary.</p><p></p><p>These vocation objectives are an extraordinary method to get persuaded and even make another bearing throughout everyday life. Make certain to make sure to take as much time as is needed and get a degree for the good of your own and your future self's purpose as well.</p>

Writing an In Class English 1102 Essay - Prepare For Your Final Exam

Writing an In Class English 1102 Essay - Prepare For Your Final ExamWriting an in class English 1102 essay requires a considerable amount of research and skill. If you are planning to take this course, you should be prepared for it. This will help you prepare for the kind of homework assignments that you will be given during the class period.Your instructor will expect you to read and compare information from a variety of sources. The variety of sources that they require is wide and varied. For example, you should read the research paper sections of textbooks on important subjects like history, culture, geography, economics, etc.On the other hand, you should read a variety of essays on different topics from school books, textbooks, and the internet. You should also read English literature, grammar, and usage books from the college bookstore. In addition, you should review your own texts, magazines, articles, essays, and other writings to make sure that you have an adequate understand ing of the facts and points being presented to you in your final English 1102 essay.After reviewing your own work, you should then read your teacher's sample writing assignment. You should then make notes about what you find in the assignment and any problems that you encounter in the assignment. You should then make a list of any facts that you find that are not making sense. This is known as 'Sectioning'.You should then go over the sectioned information in the written assignment and make sure that you understand all of the material clearly. The discussion section in your final English 1102 essay will be entirely based on your ability to organize your thoughts. You will also need to read the assignment carefully, and check it against the information you found in your notes, and make sure that you understand it completely.By the time you reach the last day of your class period, you should be ready to take the final exam. To pass this final exam, you should be able to answer all of t he questions on the final exam using your knowledge of the materials that you have covered in your class. It is advisable that you take at least two weeks to prepare for this final exam. During this time, you should take at least three classes or lessons on English composition and really focus on the questions that you will face during your final exam.The most difficult part of taking this final exam is when you have to write a response. This response is typically not submitted until after you have submitted your essay and your final exam. Therefore, you should begin to prepare for this final exam prior to you actually take it.For this reason, you should take some time to write a final essay as well. This essay will be an independent study for the final exam and should be a complete composition on a topic that you can easily understand.

The Idiots Manual to Film Analysis Essay Structure Explained

The Idiot's Manual to Film Analysis Essay Structure Explained Women are confronted with challenges when they're championing for social shift. To fully grasp how women are portrayed as activists, it is crucial to have knowledge on the plot of the film. Women in the film are unwavering and prepared to provide their precious aid in a dire circumstance. Our professional writers have a lot of experience in practically all areas of studies and are capable of accomplishing a wide variety of assignments. It's easy to prepare, use and manage, which means that your company can concentrate on what really matters. If you're looking for assistance with your essay then we provide a comprehensive writing service offered by fully qualified academics in your area of study. Within this essay, describe the procedure for working with multimedia to make an abstract work of art. What You Don't Know About Film Analysis Essay Structure Although it's a renowned movie, many have not seen it, yet Do the ideal Thing essays are often assigned. Don't forget that you are to be quite careful with expressing your own personal views about the movie. In the event the film is based on a book, attempt to analyze it as well. Cutting film is actually very much an issue of feeling and rhythm, and a cut that's off rhythm will be disturbing and you'll feel it. Film Analysis Essay Structure - Overview Dwell upon the significance of the film for the educational procedure and how useful it can be to your studies. The second one is going to help to see the critical detail for analysis. Overall, while it isn't vital to discuss specific production techniques as such, it can help give you an advantage in demonstrating you know the the inner workings of the text. Specific criteria are allowing to earn a maximally prosperous choice. Based on the objective of your essay, you might follow distinctive approaches to writing it. Your paper has to have a thesis (an idea you mean to prove or demonstrate), and each paragraph needs to have a topic sentence. It's also necessary to supply the factors for analysis. Not all introductions and conclusions will incorporate each of the points given below. There's a subtle manipulation which goes into convincing her to carry on creating poisons and chemical weapons. The Battle Over Film Analysis Essay Structure and How to Win It Reflect somewhat on the movie genre, perhaps mentioning a number of classical movies of the exact same kind and comparing them to the one which you're analyzing. Spielberg really knows the way to use different camera angles to his benefit. A number of the scenes did, in reality, get graphic. Regardless of the simple fact there are many movie enthusiasts around, the majority of the people today feel struggled when it has to do with creating a great film review as it involves considering a given film from various angles. Compare and contrast how folks are filmed in two movies. 1 thing I want to point out is the way the story doesn't shy away from her god-heritage and the way that dictates her interactions with other folks. Therefore, you will understand what it is that you're permitted to write about and save your time. What's more, an individual has to go over the most important thought of a film, estimate the caliber of the skills of actors. In the end, however, analysis of film isn't too different. As you analyze the movie, you begin to watch it more attentively. If you really need to discuss it, you have to watch the movie twice. A film exists out of thousands of shots, which is the reason why it's so much more difficult to read. Primarily, it's important to choose a film, which will ideally fit your tastes. Likewise, you could examine the way the soundtrack helps carry the movie emotionally. There aren't many scenes where the film doesn't flow together perfectly. The Advantages of Film Analysis Essay Structure You will have to ascertain the sort of essay you're going to be writing and which of the aforementioned analytical elements you will include. Ideal for students who must write Macbeth essays. You are more inclined to receive a better essay when you register and directly request an example essay. Leading custom the essay writing mistakes and symbols can be exceedingly careful once the world. As soon as you have a number of film critique essays beneath your belt, the procedure for writing one will look like second nature. Even though the assignment sounds easier than other forms of essay writing, it's slightly more complex. Being assigned a film analysis essay could just be the absolute most exciting assignment you've ever had! It is possible to also make an argument about the way the characters are affected by the setting of the film. In addition, in the very same scene, once the dinosaur roars, it's not the exact same sound for each roar. Furthermore, it helps them become conscious of the intricate processes and technology involved in creating a movie. You need to get familiar with the primary elements of cinematic structure and receive a better knowledge of the movie industry. Therefore, students might be motivated to write about what they see on the monitor. Check all of the background info, the history of producing the film and the original supply of its idea if there is one. Especially once you realise that the casual audience member does not have any notion of what's being inserted in their subconscious.

Music, Music And Art - 2244 Words

21st century is very progressive in creative entertainment industry as movie, music and art in general. For the past few centuries it has evolved and developed to the completely new level, where to be as an artist is a significant job. Although, artists have never been on their own, they always had a person who has been â€Å"looking after† them, these days it is called manager or producer. According to the Kazi Uddin, there are only 3 recording major labels these days : Warner Music, Sony Music and Universal Music Group. Warner music controls 19% percent of the industry, Sony music manages 34% and Universal music owns 37%, the rest 10% is running by the independent â€Å"indie† labels. Apart from that, major labels are having divisions into a†¦show more content†¦Before you were able to find artists in concert halls, clubs and philharmonic halls but from the 20th century broadcasting is getting mass distribution. Roughly in the 1930’s term â€Å"popula r music† applies to the jazz genre for the first time. It used to be a music of freedom until the vinyl started to sell without limits on the behalf of the music labels. As Mile Devis mentioned in his â€Å"1990 Autobiography† one of the first labels was Columbia Records that was found in 1890’s. Initially the name of the company was â€Å"The Columbia Phonograph Company† that was found by stenographer, lawyer and New Jersey native Edward Easton (1856–1915) and a group of investors (Engineering and Technology History Wiki). It means that primary purpose of creating a music label was not only managing artists, but also creating a vinyl recordings of their music and sell them. Certain amount of companies had special gear to do it, back in the end of the 19th century it was not available for everyone. In addition, appearance of music labels, phonographs and vinyl was the first evolution of the technology and music industry. Nevertheless, another purpos e was a desire of getting more money and that was the rise of the business part in music field. 20th century taught a lesson to future artists who wishes to be on a major label. There were plenty of individuals who had problems with their management for example Mile Devis, Jimi Hendrix andShow MoreRelatedMusic Is An Art, Music, And Music1494 Words   |  6 PagesMusic is an art, music is entertainment, and music is good for the soul. Stevie Wonder said â€Å"Music is a world within itself, it is a language we all understand.† Music can change our moods, bring up emotions, and trigger memories. Although, the changes in rock roll throughout the last sixty years have been significant, the way music makes us feel continues to be the same. Periodically throughout the history of music, there are special artists/bands that come along at the perfect time with the perfectRead MoreIs Art And Music?1353 Words   |  6 PagesWhat truly is Art and Music? Is it something that an individual made just to express their imagination? The practice of Art in any form has created foundations of what is today a â€Å"society†. One may not know this but the aesthetics of â€Å"Art and Music† in Criminal Justice plays a vital role into the human psychology; allowing to regress the mind of a criminal or a detainee. In becoming a Homicide Detective, it is imperative to have a calm atmosphere when someone is being interrogated in order to getRead MoreAnalysis Of Arts And Music In Music And Education1524 Words   |  7 Pagesdelete all art and music programs out of the curriculum. The alternative to cut these programs and most extra-curricular activities, was to start â€Å"a pay to playâ€Å" programs. Individual school districts offered music, art, and sports with the parents paying for the student to participate in the activities. The other option to allow music art and sports in the schools is to raise money through levies and taxes. 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From it’s composers, one being Palestrina, another being Josquin Desprez to the many components involved with it such as: textures, melodies, harmonies, and the words and music, to the styles of music, Sacred and secular music, toRead MoreMusic As A Form Of Art1125 Words   |  5 PagesMusic is an art to reflect human’s emotion. It is the science or art of using tones and sounds in association and in temporal relationships to make construction having unity and continuity.It can be divided into classical music, pop music, folk music and instrumental music. In the types of art, music belongs to abstract art. Music can make people pleasant and bring enjoyment of auditory sense to people.Music refer to an art include melody, rhythm ,harmony vocal and instrumental sounds.There is noRead MoreMusic And Its Influence On Art949 Wor ds   |  4 Pages observing and critiquing the different exhibits and pieces of art on display—paintings, sculptures, photographs. Often times, a person will spend longer observing a particular piece because some aspect of it resonates with them; it strikes some unidentifiable chord. Art is meant to evoke emotion by creating or portraying something the audience can relate to. Jazz music appeals to the ears, just as paintings appeal to the eyes. Music is like painting with sound. It contains different colors and strokesRead MoreThe Music And Arts Program939 Words   |  4 Pageswere discussed were the music and arts program being cut in half, updated information on the school districts from principals, and the French Exchange Program. During my observation, I noticed that the board members were not very responsive. At first, the environment was very uncomfortable and the meeting felt very unorganized. As the meeting continued and others took over, the meeting became friendlier and more welcoming. When the public was speaking on behalf of the music program at the school,Read MoreThe Music Of Pop Art1301 Words   |  6 PagesThe art movement I have chosen to write about is pop art. The pop art movement was about appealing to the eye through popular culture and through news and advertising. Pop art emerged in the mid 1950’s in the United States. British artists Richard Hamilton and Eduardo Paolozzi were critics that made pop art popular in Britain in 1952. Paolozzi’s first creation in pop art was a collage of newspaper clippings. A film was made by Ken Russell, which gave life to the idea of pop art in Britain. MeanwhileRead MoreThe Art Of Teaching Music800 Words   |  4 PagesCarlehr Swanson The Art of Teaching Music Prof. East Fall 2015 Midterm 1-4 Growing up I was painfully shy. If anything required public speaking, I would shy away from it. I lived my life being scared to ask for opportunities to share my talent, and hated being put on the spot. The more I developed as a performer, I realized I would have to talk, sometimes a lot. In High School I signed up for a Radio Broadcasting and Journalism class, simply because I liked music. In the class, shy people didn’t

Introduction In this speech I will be talking abo Essay Example For Students

Introduction: In this speech I will be talking abo Essay ut what marijuana is and what itsaffects are , and should marijuana be legalized or not? I. Maijuana is a drug from dried up parts of the hemp plant cannibis. Marijuanaisnt a narcotic. Marijuana cancause hollusinations and slows down the cardinationand impared ability to preform skilled acts. In 4,000 years of history no one has everdied from a pot over dose. II. I think that marijuana should be legalized for many reasons. Another reason isbecause if marijuana was legalized our jails wouldnt get full becauseof all thepeople who get caught with the possecion of marijana. Some otherbenifits oflegalizing marijuana is by lifting the ban of marijuana use and treating it like otherdrugs such as tobbaco and alcohol, the nation would gain immediate and long termbennifits. This change in law would greatly improve the quality of life for manypeople. Victims of glaucoma and those needing antinausea treatment, for example,would find marijuana easily available. If the madical advantages that are claimedfor marijuana are real,many more patients would benifit. Another good thing is thatthe doctors could get on with investigating marijuanas medical uses with out fear ofcontroversy.The last reason is the Fedral government would benifit two ways,Firstthe fedral revenues would increase, because marijuana ciggaretes would betaxed at the point of sale. The co mpanies that make the ciggaretes would also payincome taxes. Secondly there would be a reduse in the amount spent on lawenforcement efforts to apprehend and procecute users and sellers of marijuana.III. There are reasons why marijuana shouldnt be legal. One reason is becausethere wasonestudy that shows their were about 55% of all fatal accidents in the U.S. were related to alcohol intoxication. Marijuana may prevent similar risks. Anotherreason why is because it causes LSD or large doses can cause this. LSDcan cause aperson to develop amental illness. IV. In 1970 11% of all high school seniors said they were using marijuana everyday. In 1975 about 27% said thay had used marijuana sometime in the previousmonth. In 1978 the monthly users grew up to 37% then in 1986 it dropped to 23%and in 1987 dropped again to 12%. Conclusion: . Marijuana is the most widely used drug in the U.S. among youngpeople. No one knows exactly how many have tried marijuana but they estimatethatabout 24 million people about 1/10 in the U.S. have tried marijuana.