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The production manager at company XYZ needs to prepare forecasts of product demand in order to plan for appropriate production quantities. In the past, demand for the product has been strongly dependent on the effort put in advertising and promoting the product. To show this, the marketing manager has compiled the data below on sales (in thousands of units) and advertising budget (in thousands of $) over the past 5 months. The marketing budget allocated to this product in the next month is $3,500. Use linear regression to develop an equation for the relationship between unit sales and advertising $, and generate a forecast for this product. months sales advertising (thousands of units) ( thousands of $) 1 264 50 2 116 26 3 165 28 4 101 20 5 209 40 6 ? 35
What things must we keep in mind when writing an email versus speaking with someone face-to-face
A multiple regression model, Monthly Salary = 0.75 + 0.015 (Age) + 0.52 Sex, was developed to predict the monthly salary (in $1,000s) of the employees using age.
List the types of potential segmenting dimensions and explain which you would try to apply first, second and third in a particular situation.
You have been asked by the Chief Financial Officer (CFO) to join a cross function project team to work on a new product concept. The first task is to explain to the team
A network consists of the following list. Times are given in weeks. Calculate the expected duration and variance of each activity.
A greater percentage of raw material purchases are paid with credit. More finished goods are produced for inventory instead of for order.
Disney entered Europe with several incorrect assumptions and poor research. Identify the problems that arose and how Disney should adjust for the immediate situation
The costs of quality are given by the following equations, Determine the total cost of quality when there are no defectives. D= 0 and product quality is perfect.
Helter Industires, a company that produces a line of women's bathing suits, hires temporaries to help produce its summer product demand. For the current four-month rolling schedule
Which of the following best defines the "congruence" model of diagnosing change? Includes purpose, structure, rewards, and helpful mechanisms.
Illustrate what are the ethical, social, also political issues that might arise through utilizing a wiki. Illustrate what policies would you put in place at your organization to address these issues.
Businesses are advised to price products according to the value the products provide the customer. but rarely do business customers come right out and tell a selling firm
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