User Account

All Pages

What explanatory variables for forecast domestic sales

Assignment Help Microeconomics
Reference no: EM13837109

Regression examples that we have seen included explanatory variables such as income, price of the good, prices of related goods, and geographic area. Assume that you have been asked to forecast demand for your company's new product, signature t-shirts. What explanatory variables would you initially include (and test) to forecast domestic sales? What impact would you expect each of them to have on demand? Would you include anything different if you were asked to forecast international sales? If so, what would be different? Why?

Reference no: EM13837109

Questions Cloud

Article about network security : Write a 1 Page summary on an article about network security
Short-run profit-maximizing level of output : If a representative firm with total cost given by TC = 20 + 20q + 5q 2 operate in a competitive industry where the short-run market demand and supply curves are given by QD = 1,400 - 40P and QS = - 400 + 20P, its short-run profit-maximizing level of ..
Compare and contrast schumpeterian rivalry versus oligopoly : List five different items that you would use in setting a pricing strategy for product. What is at the heart of a successful customer service approach for a business. List and define four types of mergers. Compare and contrast Schumpeterian rivalry v..
Word-processing drawing tools : For drawings, you may use your word-processing drawing tools, graphic applications, or scanned hand drawings and insert them in the main document.  Create a zip file containing your document and source code files.  Show all of your work.
What explanatory variables for forecast domestic sales : Regression examples that we have seen included explanatory variables such as income, price of the good, prices of related goods, and geographic area. Assume that you have been asked to forecast demand for your company's new product, signature t-sh..
Ethical issues often provide the triggering event for crises : Public relations practitioners routinely inform top management of issues and situations that could escalate. The corporate culture and attitude of management have a lot to do with how executives respond to these warnings. Ethical issues often provide..
What will be the governments deficit : Suppose a government has no debt and a balanced budget. Suddenly it decides to spend $10 billion while raising only $8 billion worth of taxes. What will be the government's deficit? If the government finances the deficit by issuing bonds, what amount..
Way to stop all outside hackers form gaining access : What is only one way to stop all outside hackers form gaining access to a company's information, do you know what that is
Are nominal prices or the real prices higher today : Gas prices are high at $3.30 in the Year of 2008, compared the prices in 1979 of gas prices for $1.00. Are Nominal prices or the Real Prices higher today, then in the past? How do you know? show your work. Use the CPI in 1979 of 85 and in 2008 of 218..

Reviews

Write a Review

Microeconomics Questions & Answers

  Clarification of marginal cost

Demand for DVD rentals at a video store is described by the equation: Q= 4,000-500P, where Q denotes the number of DVDs rented per week and P is the rental price in dollars.

  Microeconomics and the laws of supply and demand

Microeconomics and the Laws of Supply and Demand

  Find who is more likely to take a bigger risks

1) Whether an asset is "liquid" often depends on what situation you are in. For each of the pairs of assets below, which is more liquid in the particular setting? You want to buy a sofa: A savings account or currency You want to trade for a bolo..

  For each of the given cases compute point price elasticity

for each of the following cases calculate the point price elasticity of demand and state whether demand is elastic

  Do you think zelda is earning monopoly profits-why

Zelda Industries is the only firm of its kind in the world. Due largely to historical accident, it began producing streganomas in 1985 in a vacant warehouse. Virtually anyone with a degree in college chemistry could easily replicate the firm's formul..

  What would have benefitted from increased competition

name a good or service that you have purchased in recent months from a monopolist. How did the monopoly come to exist Do you think you would have benefitted from increased competition in the market for this good or service

  What does he find to be the key points of difference

The following link should take you to an article by Krugman that appeared in The New York Times on September 6. 2009. He contrasts the stark differences between the salt water and fresh water camps of macroeconomists. What does he find to be the k..

  Reduce capital indebtedness through refinancing at more

Firms can shift their marginal cost curves to the right, resulting in higher outputs at the same or lower maximum-profit prices. This can be done by

  Lilly is the price-taking owner of an apple orchard

Lilly is the price-taking owner of an apple orchard; its variable costs are given in the table. Her orchard has fixed costs of $30. If the price of a bushel of apples is $80, how many bushels will Lilly produce? Is this a long-run equilibrium?..

  Why are exchange rates important to a firms cfo

The problem belongs to Economics and it is discusses about what exchange rates are and why exchange rates are important for CFOs, investors and customers and describes three causes of changing exchange rates.

  The distribution of family income is preferable

The distribution of family income is preferable than the distribution of household income because. The long-run average-total-cost curve does not connect the minimum points of each of the short-run average-total-cost curves.

  In november 1990 chrysler corporation announced plans to

in november 1990 chrysler corporation announced plans to initiate three-shift or nearly continuous 21-hours-per-day

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd