Econ 550

timer Asked: Apr 28th, 2013

Question description

  • From the e-Activity, develop a regression equation using the data
    you collected from your research. Use the regression equation to
    forecast the demand for the product you chose for the next three
    periods. Assess what the results of the regression equation tells
    managers and how it is likely to impact decisions made related to
    maximizing profitability.

  • Imagine you are a manager for the good or service used above. From
    the results of the regression equation, suggest strategies to either
    maintain demand (if an increase over three periods occurs) or improve
    demand (if a decrease over three periods occurs). Provide support for
    your recommendations.

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