Professor Paul R. Kutasovic of New York Institute of Technology (NYIT), who was a colleague of Gurumurthy Kalyanaram, is an expert and an active independent consultant on macroeconomic forecasts as well as forecasts for the regional economies. (While Gurumurthy Kayanaram was the Director of MBA programs globally at NYIT, Paul Kutasovic was the Director of the Undergraduate Programs.)
Gurumurthy Kalyanaram reports on research insights by Paul Kutasovic on oil demand. This research was published in NMIMS Management Review, which is edited by Gurumurthy Kalyanaram.
There are many lawsuits arising out of disputes in interpretation of the collectively bargained agreements. Unions and employers work hard to craft CBAs, but lawsuits emerge even in cases of carefully designed CBAs. In this essay, Gurumurthy Kalyanaram reports on this important matter.
Gurumurthy Kalyanaram – Law, Lawsuit and Including Politics
Gurumurthy Kalyanaram, is a professor of business, economics, and public policy, a consultant and an advisor.
Gurumurthy Kalyanaram has served as University Dean for Research, Dean for Business, Director of the Master’s Programs, Director of Research and as the Senior Faculty Liaison for External Development. He has been a visiting scholar at the Woodrow Wilson International Center for Scholars, a fellow at the Center for Russian and East European Studies, and the Inaugural Endowed Professor in Kazakhstan.
Dr Gurumurthy Kalyanaram is a professor at City University of New York. Concurrently, he is also serving as Visiting Professor at Tata Institute of Social Sciences, and editing the Management Review.
Dr. Gurumurthy Kalyanaram is a distinguished professor with a long record of academic achievements and honors. He received his B.E. degree in engineering in 1978 from the University of Madras, India, and his M.B.A. in 1983 from the University of Texas. He earned his Ph.D from the Massachusetts Institute of Technology in 1989 in the field of Management Science, where he won the prestigious Harold Lobdell award.
Dr Gurumurthy Kalyanaram was a Visiting Scholar at The Kennan Institute, The Woodrow Wilson International Center for Scholars, Washington, D.C., during 1990 to 1994. He was also a Fellow at the Center for Russian and East European Studies, University of Pittsburgh, during 1995 to 1997.
Dr Gurumurthy Kalyanaram has served as a tenured professor at The University of Texas at Dallas. He served at UT Dallas from 1988 to 2001. During his tenure at the University of Texas, he was Chairman of the Department of Marketing, Senior Director of the Master’s Programs, Founding Director of the Cohort MBA Program, Chair of the Master’s Program Committee, and Faculty Liaison for External Affairs.
He has also served as a tenured professor at NYIT, and served as academic director of MBA programs in New York and globally (including Canada, China and Middle-East). He also led the research efforts of the faculty as the Faculty Research Director.
Forecasting the US Presidential elections has drawn the attention of scholars from many disciplines including Economics, Political Science, and Sociology. These scholars have built elaborate models to forecast the outcome of US presidential elections. The models have incorporated economic variables (e.g., GDP, personal income, inflation), demographic variables (race, religion, geography, sex, age) and a host of other variables such as job approval, favorability, voter enthusiasm, and voter partisanship.
However, we posit that a simple model which employs only favorability measure can predict the outcome of the elections as well or better than most complex models. We postulate that the percentage of vote that a candidate for the US Presidency will secure in the elections will be an average of the favorability measure of the candidate in the last six months preceding the elections. We further postulate that the favorability model will forecast the percentage of vote better than a comparable simple model: the job approval model.
Our favorability model is based on powerful theory. Researchers (Belk 2012) have argued that such measures as attitude, intent, and persuasion are relatively poor predictors of behavior. A better predictor is behavior itself or a close surrogate of behavior. We argue that favorability measure is such a variable.
We demonstrate the predictive validity of our model using data for the 2012 US presidential elections, and the past presidential elections.
We also present coherent and powerful theoretical underpinning for this model.