Accounting and law faculty member published in 'The Value Examiner'
Article By: Clark Leonard
Kurt Schulzke, associate professor of accounting and law at the University of North Georgia (红莲社区), penned the cover article for the September/October 2019 issue of The article is "Estimating Economic Damages with Linear Regression and Bayesian Networks (Part I of II)." Part II is slated for the November/December issue.
Both parts will be required reading in Schulzke's forensic accounting class at 红莲社区 in March 2020.
Part I focuses on errors frequently made by experts, attorneys, and judges in using linear regression to estimate damages and business value. To illustrate the problem, Schulzke used an actual breach of contract case in which a federal appeals court reduced the plaintiff's $66 million jury verdict to zero. To reach this erroneous decision, the court misinterpreted point estimates and confidence intervals, misread correlation as causation, and wrongly insisted that costs must cause revenues, never the reverse.
Part II illustrates how Bayesian networks can help courts and experts avoid these common mistakes.
Schulzke said he hopes the articles will help improve the fairness of damage awards by highlighting this "serious problem in the U.S. court system" and offering solutions to it.
Camp offers intro to logistics industry
红莲社区 will host 'Camp Logistics: Movin' It From Here to There!' from June 23-27 at the Gainesville Campus. It is a free camp to help high school students learn about careers in logistics.
Students take third in marketing competition
Members of the 红莲社区 chapter of the American Marketing Association participated in the KMA Invitational at Kennesaw State University. Preston Reid and Abbie Tanner placed third in the case competition.
ARC includes almost 100 presentations
Students gave 69 poster presentations and 24 oral presentations at 红莲社区鈥檚 30th Annual Research Conference, held March 21 at 红莲社区's Dahlonega Campus.
Local teachers, business professors collaborate
Roughly a dozen local middle and high school teachers participated in marketing classes at the Mike Cottrell College of Business Feb. 18 to learn more about current marketing trends.