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Presentation Type
Presentation
Full Name of Faculty Mentor
Lindsey Bell, Mathematics and Statistics
Major
Applied Statistics
Presentation Abstract
Tourism is not the only staple driving economic growth here in our Palmetto State. The South Carolinian economy has transitioned from an agrarian-oriented economy to a modernized manufacturing center for prominent corporations such as Boeing, Michelin, AVX, and BMW. Furthermore, these firms rely on supply chains to expand operations to provide employment opportunities in rural and urban environments. Unfortunately, COVID-19 was an unforeseen obstacle that hindered commercial growth and caused state revenues to plummet. Businesses must recognize the origin of their financial difficulties to mitigate capital loss from the pandemic. By using statistical methods, we can understand which factors were most influential in undermining the economic stability of South Carolina.
Location
Virtual Session Room 1
Start Date
22-4-2021 3:40 PM
End Date
22-4-2021 4:00 PM
Recommended Citation
Custer, David, "Analyzing Uncertainty and Economic Setbacks of COVID-19 in South Carolina" (2021). Undergraduate Research Competition. 43.
https://digitalcommons.coastal.edu/ugrc/2021/fullconference/43
Analyzing Uncertainty and Economic Setbacks of COVID-19 in South Carolina
Virtual Session Room 1
Tourism is not the only staple driving economic growth here in our Palmetto State. The South Carolinian economy has transitioned from an agrarian-oriented economy to a modernized manufacturing center for prominent corporations such as Boeing, Michelin, AVX, and BMW. Furthermore, these firms rely on supply chains to expand operations to provide employment opportunities in rural and urban environments. Unfortunately, COVID-19 was an unforeseen obstacle that hindered commercial growth and caused state revenues to plummet. Businesses must recognize the origin of their financial difficulties to mitigate capital loss from the pandemic. By using statistical methods, we can understand which factors were most influential in undermining the economic stability of South Carolina.