Economics
Malaysian Airline Products Factors Determining Demand and Supply Report

Question Description

I’m studying for my Economics class and need an explanation.

This tutor have to know the parameters of my assignment and be able to explain. I will pick my own tutor

Unformatted Attachment Preview

2.2 Case Study 1: Demand Analysis Purpose The purpose of this assignment is to help you practice skills that are essential to success in this course and your professional life after graduation. You will demonstrate how the roles of different factors influence demand and affect market equilibrium. A manager needs to accurately assess demand for efficient operations. If the manager underestimates that demand, production, and inventory can either build up and/or workers will remain idle with no work to perform. Conversely, if the manager overestimates demand, production, and inventory cannot meet the sales thus forfeiting an opportunity to gain market share and/or the company will not be able to hire enough workers causing the workers that do the work to become over-stressed. Either scenario can lead to poor profitability. You will build skills in seeking out relevant and quality data, combine and analyze the information you gather, then formulate a coherent analysis based on researched evidence. This assignment also requires you to clearly communicate in a written format (general education skills: critical thinking, communication, and information literacy). Task Demand Analysis Write an APA style analysis (1000-1200 words). You will use your knowledge from previous statistics and research classes to help guide you in with your research. Topic/Question - Analyze the demand for an aviation product (cargo, flights, military products) and discuss A. factors that influence demand, B. elasticity. Choose your product or service from the aviation and aerospace industry and conduct a demand analysis. In your demand analysis be sure to address the following: 1. Provide the necessary background information so the reader understands the product, market, demographics, customers, producers, perceived value of the product or service, competitors (direct and indirect), and market structure, elasticity of product or service. 2. Construct the demand function using multiple independent variables as a regression equation. 3. Discuss how the changes in different variables will influence equilibrium price and quantity. 4. Support your analysis with current examples illustrating 1-3. 5. Consult and cite at least two academic sources for your paper. Use current APA style format for in-text citations and document all sources on the reference page. Criteria Once submitted, you will not be able to revise this assignment. Prior to submission, review the evaluation rubric so that you may plan your assignment, use it as a checklist to identify the successful parts of your assignment, and self-evaluate your paper. Save your assignment using a naming convention that includes your first and last name and the activity number (or description). Do not add punctuation or special characters. 2.2 Case Study 1: Demand Analysis Purpose The purpose of this assignment is to help you practice skills that are essential to success in this course and your professional life after graduation. You will demonstrate how the roles of different factors influence demand and affect market equilibrium. A manager needs to accurately assess demand for efficient operations. If the manager underestimates that demand, production, and inventory can either build up and/or workers will remain idle with no work to perform. Conversely, if the manager overestimates demand, production, and inventory cannot meet the sales thus forfeiting an opportunity to gain market share and/or the company will not be able to hire enough workers causing the workers that do the work to become over-stressed. Either scenario can lead to poor profitability. You will build skills in seeking out relevant and quality data, combine and analyze the information you gather, then formulate a coherent analysis based on researched evidence. This assignment also requires you to clearly communicate in a written format (general education skills: critical thinking, communication, and information literacy). Task Demand Analysis Write an APA style analysis (1000-1200 words). You will use your knowledge from previous statistics and research classes to help guide you in with your research. Topic/Question - Analyze the demand for an aviation product (cargo, flights, military products) and discuss A. factors that influence demand, B. elasticity. Choose your product or service from the aviation and aerospace industry and conduct a demand analysis. In your demand analysis be sure to address the following: 1. Provide the necessary background information so the reader understands the product, market, demographics, customers, producers, perceived value of the product or service, competitors (direct and indirect), and market structure, elasticity of product or service. 2. Construct the demand function using multiple independent variables as a regression equation. 3. Discuss how the changes in different variables will influence equilibrium price and quantity. 4. Support your analysis with current examples illustrating 1-3. 5. Consult and cite at least two academic sources for your paper. Use current APA style format for in-text citations and document all sources on the reference page. Criteria Once submitted, you will not be able to revise this assignment. Prior to submission, review the evaluation rubric so that you may plan your assignment, use it as a checklist to identify the successful parts of your assignment, and self-evaluate your paper. Save your assignment using a naming convention that includes your first and last name and the activity number (or description). Do not add punctuation or special characters. ...
Purchase answer to see full attachment
Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

Final Answer

Hello. I am through with the paper, I passed it through grammarly to ensure that grammar is perfect and also turnitin for plagiarism. The paper is good now. However, you can contact me in case you want anything more. pleasure working with you. goodbye

Running head: DEMAND ANALYSIS

Demand Analysis
Students’ Name
Institutional Affiliation

1

DEMAND ANALYSIS

2
Demand Analysis

Background Information
A critical element to accurately assess for demand is to set forth for efficient
operations. In the aviation industry, a product is said to be efficient if the said aviation
product offers an opportunity for the industry to gain sufficient opportunities on the market
share. Conversely, many baseline elements influence the development of profitability in the
aviation industry. In this paper, we will discuss a number of these elements which include;
the product, market, demographics, customers, producers, the perceived value of the product
or service, competitors (direct and indirect), and market structure and the elasticity of the
product or service. In preference to estimate those volumes, we shall construct the demand
function using multiple independent variables as a regression equation. We will also discuss
how the changes in different variables will influence the equilibrium price and quantity. This
excerpt concludes with some concise comments, analysis, and reflections on the illustrated
examples (Button, Martini, Scotti, Volta, 2017).
The demand for a product in the aviation industry is mainly dependent on passenger
spending capacities. As we shall examine in the next sections, elasticity as related to the
aviation industry is critical in the understanding of this sector. The aviation indust...

lindsaysmith (7845)
Boston College

Anonymous
The tutor managed to follow the requirements for my assignment and helped me understand the concepts on it.

Anonymous
The tutor was knowledgeable, will be using the service again.

Anonymous
Awesome quality of the tutor. They were helpful and accommodating given my needs.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4
Similar Questions
Related Tags