Factors that would impact the demand for the product

Assignment Help Operation Management

Reference no: EM13756263

Select a product that you can purchase at a grocery store or at a discount retailer and respond to the following:

Identify the factors that would impact the demand for the product that you have selected.

If you wish to develop a forecast of the demand for this product in a future month (or for other appropriate time period), identify what type of forecasting method would be appropriate.

Identify the variables for which you would need values to be able to calculate an actual forecast for a future month (using the forecasting method you selected).

Create an equation that you believe would accurately predict the demand for this product in a future month and solve the equation to derive a forecast for this product in the future month that you had selected.

Reference no: EM13756263

Questions Cloud

Identify three tiers of non-customers : Referring to Best Buy Mobile, identify three tiers of non-customers, as well as how the product offers exceptional utility and where it fails to do so (use the buyer utility map as shown on p. 121 of Blue Ocean Strategy).

What was the purpose of the declaration of independence : What was the purpose of the declaration of independence? what are its most important ideas?

What manifest destiny have to do with sectional conflict : What does manifest destiny have to do with the sectional conflict of slavery?

Identify the organization and situation you are imagining : PR practitioners have a responsibility in a crisis to give the rest of the management team insight and information. PR practitioners should also consider “nimbus” publics. Identify the organization and situation you are imagining.

Factors that would impact the demand for the product : Select a product that you can purchase at a grocery store or at a discount retailer and respond to the following: Identify the factors that would impact the demand for the product that you have selected.

What purpose of human sacrifice among the civilizations : What was the purpose and significance of human sacrifice among the civilizations of Mesoamerica?

What are some causes of the number of bytes : What are some causes of the number of bytes on the wire exceeding the number of bytes being captured. What are the source and destination MAC address in Frame 546

What is e-commerce and what is e-business : What is e-commerce? What is e-business? top reasons an organization should get involved in e-business.

Managing computer information systems : Find a current article about best practices for managing computer information systems in today's business environment

User Account

All Pages