When the economy is good and employees don’t have much loyalty to their employer

Question

When the economy is good and employees don’t have much loyalty to their employer, people frequently start looking for better paying jobs. One number that is looked at for corporations is turnover ratio. For instance, if the turnover ratio for a company is 2.0, that means that there is a complete turnover of employees in two years. A high turnover ratio is preferred in some industries, such as with high tech companies. A random sample of 20 firms in the same industry is taken, and the turnover ratio was computed for each:

2.4, 14.0, 1.6, 8.0, 2.8, 5.4, 5.2, 1.8, 8.8, 2.8, 4.0, 2.0, 1.6, 3.4, 2.6, 4.4, 1.6, 2.6, 4.8, 3.8

- bootstrap and get walsh averages

Explanation / Answer

We use R libraries, bootstrap and Rfit

library(Rfit)
library(bootstrap)
a=c(2.4, 14.0, 1.6, 8.0, 2.8, 5.4, 5.2, 1.8, 8.8, 2.8, 4.0, 2.0, 1.6, 3.4, 2.6, 4.4, 1.6, 2.6, 4.8, 3.8)

B = bootstrap(x = a, nboot = 100,theta=function(x) {x} )$thetastar
U = walsh(B)

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