Making Decisions Based on Demand and Forecasting


Question Description:

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Making Decisions Based on Demand and Forecasting 1 answer below » 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 four (4) page paper in which you: 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, View complete question » 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 four (4) page paper in which you: 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. Test the statistical significance of the independent variables and
the regression equation, indicating how it will impact your decision to
open the pizza shop. Forecast the demand for pizza for the next four (4) periods using the regression equation. 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. Include a reference page which not included in the required
assignment page length which includes 5 references. Document Preview: Sheet3
Sheet2
Sheet1
Market
Demand (Q)
Price (P)
Competitor Price (Px)
Advertising (Ad)
Income (I)
The Pizza Company
1.00
596611.00
$7.62
$6.54
200259.00
54880.00
2.00
596453.00
$7.29
$5.01
204559.00
51755.00
3.00
599201.00
$6.66
$5.96
206647.00
52955.00
4.00
572258.00
$8.01
$5.30
207025.00
54391.00
5.00
558142.00
$7.53
$6.16
207422.00
48491.00
6.00
627973.00
$6.51
$7.56
216224.00
51219.00
7.00
593024.00
$6.20
$7.15
217954.00
48685.00
8.00
565004.00
$7.28
$6.97
220139.00
47219.00
9.00
596254.00
$5.95
$5.52
220215.00
49775.00
10.00
652880.00
$6.42
$6.27
220728.00
54932.00
11.00
596784.00
$5.94
$5.66
226603.00
48092.00
12.00
657468.00
$6.47
$7.68
228620.00
54929.00
13.00
519866.00
$6.99
$5.10
230241.00
46057.00
14.00
612941.00
$7.72
$5.38
232777.00
55239.00
15.00
621707.00
$6.46
$6.20
237300.00
53976.00
16.00
597215.00
$7.31
$7.43
238765.00
49576.00
17.00
617427.00
$7.36
$5.28
241957.00
55454.00
18.00
572320.00
$6.19
$6.12
251317.00
48480.00
19.00
602400.00
$7.95
$6.38
254393.00
53249.00
20.00
575004.00
$6.34
$5.67
255699.00
49696.00
21.00
667581.00
$5.54
$7.08
262270.00
52600.00
22.00
569880.00
$7.89
$5.10
275588.00
50472.00
23.00
644684.00
$6.76
$7.22
277667.00
53409.00
24.00
605468.00
$6.39
$5.21
277816.00
52660.00
25.00
599213.00
$6.42
$6.00
279031.00
50464.00
26.00
610735.00
$6.82
$6.97
279934.00
49525.00
27.00
603830.00
$7.10
$5.30
287921.00
49489.00
28.00
617803.00
$7.77
$6.96
289358.00
49375.00
29.00
529009.00
$8.07
$5.76
294787.00
48254.00
30.00
573211.00
$6.91
$5.96
296246.00
46017.00
Sheet3
Sheet2
Sheet1
Market
Demand (Q)
Price (P)
Competitor Price (Px)
Advertising (Ad)
Income (I)
The Pizza… Attachments: ThePizzaCompa….xls View less » Oct 21 2013 10:59 PM

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