Assignment 1 making decisions based on demand and

Reference no: EM13379451

Assignment 1: Making Decisions Based on Demand and Forecasting

Due Week 3 and worth 200 points

The Pizza Company is considering entering the marketplace in your community. Use the information from "The Pizza Company Data" worksheet, located in Week 3 of your course shell, to complete this assignment. By conducting a demand analysis and forecast for pizza, you will be able to make a decision whether The Pizza Company should establish a presence in your community.

Write a three to five (3-5) page paper in which you:

1. Use Excel or other calculation software to input the data to calculate an estimated regression. Then, from the calculation provided, interpret the coefficient of determination, indicating how it will influence your decision to open the pizza business in your town or community. Explain any additional variables that may improve the coefficient of determination.

2. Test the statistical significance of the independent variables and the regression equation, indicating how it will impact your decision to open the pizza shop.

3. Forecast the demand for pizza for the next four (4) periods using the regression equation.

4. Based on the forecasted demand, determine whether The Pizza Company should establish an operation in your community. Provide a rationale and support for the decision.

Your assignment must follow these formatting requirements:

Be typed, double-spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

Apply the concepts of supply and demand to determine the impact of changes in market conditions in the short run and long run, and the economic impact on a company's operations.

Use technology and information resources to research issues in managerial economics and globalization.

Write clearly and concisely about managerial economics and globalization using proper writing mechanics.

Reference no: EM13379451

Questions Cloud

From the following information presented by a manufacturing : from the following information presented by a manufacturing company prepare a working capital requirement forecast

You are the manager of a monopoly a typical consumers : you are the manager of a monopoly. a typical consumers inverse demand function for your firms product is p 250 - 40q

Changing preferences can also affect changes in land use in : changing preferences can also affect changes in land use. in the united states the proportion of the population in the

A company is currently operating at 80 of its capacity : a company is currently operating at 80 of its capacity producing 48000 units per year at the following cost price

Assignment 1 making decisions based on demand and : assignment 1 making decisions based on demand and forecastingdue week 3 and worth 200 pointsthe pizza company is

Suppose there are 2 countries home and foreign two factors : suppose there are 2 countries home and foreign two factors of production capital and labor and two products food and

A company is currently operating at 60 of its capacity : a company is currently operating at 60 of its capacity producing 36000 units during the year 2009 at the following cost

A company is currently operating at 75 of its capacity : a company is currently operating at 75 of its capacity producing 60000 units during the year 2009 at the following cost

If you borrow 3000 and pay back 3410 after 15 yearsa what : if you borrow 3000 and pay back 3410 after 1.5 yearsa what is the interest rate charged if the payment period is 1.5

User Account

All Pages