Assignment 1 "Making Decisions Based on Demand and Forecasting" Domino’s Pizza is considering entering the marketplace in your community. Conduct research about the demographics of your community‚ for example the population size and average income per household‚ and other independent variables‚ such as price of pizza and price of soda‚ for this assignment. By conducting a demand analysis and forecast for pizza‚ you will be able to make a decision whether Domino’s should establish a presence in
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Name: Joyeta Samanta Date: September 3rd‚ 2013 Chapter 3 & Case: FORECASTING THE ADOPTION OF E-BOOKS Discussion Questions: Q1. Assume that you are making a prediction from the time e-books first became available (year 2000). Although early unit sales data for e-books are available‚ construct your forecast irrespective of these sales? The likelihood of purchase by a new adopter at time period t is p+(q/m)nt-1 //using bass model where the diffusion patterns are a function of size
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Using Sources Why should marijuana be legalized? There are many reasons but a few are because of its medicinal value‚ that it would stimulate the economy‚ and it would lower crime. I plan to use the following information for the body of my final paper. One of the most supported reasons for legalizing marijuana is its medicinal value. Herbs were used before all the advanced medicines we have today and use of marijuana for medical reasons date back almost 5‚000 years (Norml). As for U.S. history
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Premium Revenue According to J.L. Boockholdt‚ author of the book entitled “Accounting Information Systems”‚ a revenue cycle includes the accounting transactions that record the generation of a revenue from the outputs of the conversion process. The receiving of an order from a customer‚ delivering goods or services to the customer‚ requesting payment from the customer‚ and receiving the payment are the four economic events that generate revenue. When the company sells goods or services on
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Forecasting Models: Associative and Time Series Forecasting involves using past data to generate a number‚ set of numbers‚ or scenario that corresponds to a future occurrence. It is absolutely essential to short-range and long-range planning. Time Series and Associative models are both quantitative forecast techniques are more objective than qualitative techniques such as the Delphi Technique and market research. Time Series Models Based on the assumption that history will repeat itself‚
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Sources of Motivation Paper Yvonne Cherie Dugger PSY/355 October 8‚ 2012 Paul Knoll Sources of Motivation Paper People are individually motivated to achieve certain goals‚ meet particular desires‚ and ultimately define his or her purpose and the inspiration that guides these thoughts‚ actions‚ and behaviors. Motivation refers to a set of factors that “activate‚ direct‚ and maintain behavior‚ usually toward some goal” (Huffman‚ 2010‚ p. 406). Theories or sources involved in driving motivation
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(Kwik Trend Analysis) Measure Value Future Period Forecast Error Measures 9. 1‚362‚143. Bias (Mean Error) -0.0156 10. 1‚455‚952. MAD (Mean Absolute Deviation) 50‚773.7969 11. 1‚549‚762. MSE (Mean Squared Error) 3‚498‚808‚832. 12. 1‚643‚572. Standard Error (denom=n-2=6) 68‚301.3828 13. 1‚737‚381. Regression line 14. 1‚831‚191. Demand (y) = 517857.2 15. 1‚925‚000. + 93‚809.5234 * Time (x) 16. 2‚018‚810. Statistics 17. 2‚112‚619. Correlation coefficient 0.9642 18. 2‚206‚429. Coefficient
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Choose one of the forecasting methods and explain the rationale behind using it in real life. I would choose to use the exponential smoothing forecast method. Exponential smoothing method is an average method that reacts more strongly to recent changes in demand than to more distant past data. Using this data will show how the forecast will react more strongly to immediate changes in the data. This is good to examine when dealing with seasonal patterns and trends that may be taking place. I would
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Source of capital: Capital is the basic needs of organisation; it is needed in every step of business‚ from buying raw materials to selling their goods. To maintain this capital‚ business needs to identify and allocate their proper source of finance. The place where the business gets their funds from is called their source of capital. The business have two different source of finance‚ internal source (for ex: retained profits‚ sales of existing assets‚ cut down stock level‚ etc) and external sources
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Legal structure of the business Different businesses depending on their legal structure are able to obtain different sources of finance easier than others. For example a larger company may be able to obtain a loan easier than a smaller business. I will now go on and look at the different legal ownerships are and talk about their financing. Sole traders A sole trader is usually owned and controlled by one person. Small businesses such as sole traders are usually financed by the owner’s own personal
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