What are the risks of using harry potter 7 data

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Reference no: EM132461655

a. What are the risks of using Harry Potter 7 data in predicting your new demand curve for the Harry Potter sequel? (15%)

i. You are hoping the next book will be 'at least' as popular

ii. The number '100,000' is an assumption (best guess)

iii. Prediction shows we should be paying $4.50 NOT $5.00

1. This indicates a possible (because this 'is' an assumed number) loss based on what we are paying

2. Consider renegotiating your contract!

Reference no: EM132461655

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