Formulate qualitative forecast, Business Economics

Suppose you are the only market analyst in your company's management team. Your company belongs to the energy industry. It is an oil and gas company engaged in the exploration, development, acquisition and exploitation of oil and gas properties located in the United States. The Company has operations in four principal areas: Texas and Louisiana Gulf Coast, Rocky Mountains, Mid-Continent or Anadarko Basin, and eastern area of the United States. The Company produces natural gas and, to a lesser extent, crude oil and natural gas liquids. The Company also transports, stores, gathers and purchases natural gas for resale. It is concerned about the recent economic conditions in United States and wishes to obtain a qualitative forecast of sales in the upcoming third quarter of 2011. Even though some people believe that the uncertainty over the economy and the "Middle-East Crisis" may be of concern, you also plan to use the economic indicators published by the U.S. Bureau of Labor Statistics and the Conference Board to formulate your qualitative forecast. Explain with logical reasoning what factors might affect future sales of your product. How important are some or all of the economic indicators for your company? Which of these indicators would be most important in formulating your qualitative forecast? Explain your answer.

Posted Date: 3/2/2013 5:13:14 AM | Location : United States







Related Discussions:- Formulate qualitative forecast, Assignment Help, Ask Question on Formulate qualitative forecast, Get Answer, Expert's Help, Formulate qualitative forecast Discussions

Write discussion on Formulate qualitative forecast
Your posts are moderated
Related Questions
Provisionally the new software is called SafeCus with two projected levels of service - Premier and Standard. The Premier Level could be on sale within a year and will provide b

There, you can obtain the available data on GDP and its components. a. What is the value of nominal GDP during the past 5 years? b. What is the GDP deflator in 2006? c. Wh

Financial engineering deals with the design of new assets. Draw the payoff (at t=1) of the following bull butterfly spread: Purchase 1 call with exercise price a Sell 2 calls

Question 1: (a) Explain the core principles of the General Agreement on Tariff and Trade (GATT). (b) Do you think the additional principles introduced by the WTO in 1995 c

The Basic assumption which underlay the government of international economy has been that the economies of the world would converge around a capitalist model. The details of such a

QUESTION Write short notes on any three (3) of the following: (a) National income and the standard of living. (b) Globalization and its implications for developing countr

What is mean by stabilization policy? Taming the Business Cycle: To decrease the severity of recessions policy efforts undertaken are termed as stabilization policy. a

How can the size of shadow economy estimated? The size of the shadow economy is estimated when activity is undeclared as the amount of informal activity can be calculated: a

Assess the current environmental scan factors that are relevant to the decision making process. Determine the factors that will have the greatest impact on plant operations and man

When a project is under way, how can value management be utilized to estimate proposed changes? While potential changes to a project have been acknowledged, value management ca