Reference no: EM131291468
Select a company, government agency or any other service outlet and one of its products that interest you to study from an applied economic point of view. You are encouraged to look up articles about your chosen company or agency utilizing such sources as Business Week, Forbes, Wall Street Journal, Marketing Communications, Media-Scope, Advertising Age, Law Enforcement Magazines, Health Magazines, and etc. If possible, you should visit or correspond with the company or agency, contact distributors or agents, and discuss the product(s) or service(s) with actual or potential users. Collect economic data in the product(s) or service(s) you have chosen.
A. At the end of this course, you should turn in a term paper that analyzes and estimates the demand of your chosen firm's product(s) or service(s) USING REGRESSIONAL ANALYSIS.
B. Assume that your company or agency is concerned about near-term economic conditions and wishes to obtain a qualitative forecast of sales or service in the upcoming quarter. Assume also that you are the market analyst for your company or agency planning to use one or more of the leading economic indicators (LEI) published by the US Department of Commerce to formulate your qualitative forecast. You can Google The Leading Economic Indicator (LEI).
C. Explain how the indicator or each of the indicators might affect future sales and/or service. (For example, if the average work week of production workers in manufacturing increased, explain the affect on your company's sales.) Explain which or among these indicators would be most important in formulating your qualitative forecast.
Your paper will be graded on the following criteria:
1. Use of REGRESSION ANALYSIS to analyze the company or agency and its product(s) or service(s). Explain your REGRESSION ANALYSIS model(s) OUTPUT.
2. Degree to which information was sought and attained.
3. Quality of your analysis of the firm's pricing.
4. Quality of your recommendations for future new or current product(s)/service(s) pricing.
GUIDELINES FOR YOUR TERM PAPER
In writing your term paper below are some guidelines that will assist you.
A. Start by defining your objective for the problem you are about to solve. For example, I wish to find out why my grades are low? My demand equation will be:
Qd of grades = F(# of Hrs. spent studying, Understanding the textbook, following course instructions and etc). That is Qd of g=a-Hrs+Ut+Ins.
1. Show your data
2. Show your equation - either demand or supply (Chapter 2)
3. Show your Regression analysis (Chapter 4) See examples on pages 127,136, 137 and 138.
4. Interpret your regression analysis
5. Show your elasticity calculation (Chapter 6.)
6. Show your forecasting (Chapter 7) See examples on pages 252, 254, 255, 256,257 and 258.
7. Show your marginal analysis (Chapter 3)
8. Conclusion.
Post information about the accounts receivable
: Reading the notes to the financial statements, as well as the balance sheet, post information about the Accounts Receivable for your company. Who owes the company money?
|
Draft a formal proposal to the local school board
: Based on the ideas listed, draft a formal proposal to the local school board, outlining your plan to offer healthier alternatives to soft drinks and prepackaged snack foods. Invent any details you need to complete your proposal.
|
Briefly describe the scene and character
: You must choose a movie from the following list. After you have watched your chosen film, answer the questions using concepts/terms from the text. You will need to briefly describe scenes in the movie, however, PLEASE DO NOT RE-TELL THE STORYLINE;..
|
Impacts of a restrictive monetary policy
: Discuss the posslbe impacts of a restrictive monetary policy on the housing market. What conditions (other than a reversal of the monetary polciy) may counter act these impacts on the housing market . Provide at least 2 examples and assume its a c..
|
Leading economic indicator
: Assume also that you are the market analyst for your company or agency planning to use one or more of the leading economic indicators (LEI) published by the US Department of Commerce to formulate your qualitative forecast. You can Google The Leadin..
|
Firms optimal advertising to sales ration
: The elasticity of a demand for a firm product is -3 and its advertising elasticity of demand is .18. a. Determine the firms optimal advertising to sales ration.
|
Person to obtain your property
: Adverse possession is a means for a person to obtain your property if they meet all of the elements. Should a squatter get your land? Why or why not? What is the statutory length of time in your state that the squatter needs to "possess" your land..
|
Overview of the topic that the article addresses
: Read or view the resource and then write a review of the information. A resource is defined as print, video, or multimedia. If you choose a video, it must be at least 10 minutes in length.
|
Account of division of labour and exchange challenge
: How does Adam Smith's account of division of labour and exchange challenge the view of exchange in neoclassical economic theory?
|