WidgeCorp is considering branching out into cold beverages, Writing Assignment Homework help

May 2nd, 2016
Steve1995
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Question description

WidgeCorp is considering branching out into cold beverages. You have been asked to come up with a regression model to forecast monthly sales of cold beverages for the next year. Think about what variables you might include in your model (you do not need to run a regression and therefore you will not need actual numbers.  You just need to identify and justify your selection of variables that you would include in your model).

Your manager asks for your thoughts.


Tutor Answer

(Top Tutor) Daniel C.
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School: Purdue University
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Running head: COLD BEVERAGE SALES REGRESSION MODEL

Cold Beverage Sales Regression Model
Name
Institution
Date

1

COLD BEVERAGE SALES REGRESSION MODEL

2

Forecasting is a vital method business can use to organize and plan the selling of their
products for the upcoming years. It is, therefore, important, for a business to come up with the
proper planning before developing and introducing new products into the market. In this case,
WidgeCorp is planning to branch out into cold beverages and therefore, it is important for the
management to discuss a suitable regression model that will estimate the monthly sales of these
drinks. In addition to the suitable regression, the organization needs to determine the variables it
needs to consider in order to forecast monthly sales for the upcoming year (Lapide, 2006...

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