ECO 550 Assignment 1 Making Decisions Based on Demand and Forecasting Week 3
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ECO 550 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.
ECO 550 assignment 1 can be found at HWGuiders.com
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