The assignment is base on your neighborhood my location is Waldorf, Maryland.
Also the title of the assignment the professor short to Making Decisions, and reference in alphabetical order. Thank you
.
Assignment 1: Making Decisions Based on Demand and Forecasting
Due Week 3 and worth 200 points
Click
here
to download the Pizza Data Company worksheet.
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 three to five (5-6) page paper in which you:
1. 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.
2. Test the statistical significance of the independent variables and the regression equation, indicating how it will impact your decision to open the pizza shop.
3. Forecast the demand for pizza for the next four (4) periods using the regression equation.
4. 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. Check with your professor for any additional instructions.
. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
. Apply the concepts of supply and demand to determine the impact of changes in market conditions in the short run and long run, and the economic impact on a company’s operations.
. Use technology and information resources to research issues in managerial economics and globalization.
. Write clearly and concisely about managerial economics and globalization using proper writing mechanics.
Click
here
to view the grading rubric for this assignment.
>Sheet ,6 .62
0, 9
80
2
,973
6,2 ,954
9
,603
0,241
6.20 5.10 6.42 6.97 5.30 5.96 1
The Pizza Company
Market
Demand (Q)
Price (P)
Competitor Price (Px)
Advertising (Ad)
Income (I)
1
5
9
6
11
7
6.5
4
20
25
54,
8
2
596,45
3
7.
29
5.01
204,559
51,755
3
599,201
6.66
5.96
206,647
52,955
4
572,258
8.01
5.
30
207,025
54,391
5
558,
14
7.53
6.
16
207,4
22
48,491
6
6
27
6.51
7.56
21
24
51,2
19
7
593,024
6.20
7.
15
2
17
48,685
8
565,004
7.
28
6.97
220,
13
47,219
9
596,254
5.95
5.52
220,215
49,775
10
652,880
6.42
6.27
220,728
54,932
11
596,784
5.94
5.66
2
26
48,092
12
657,468
6.47
7.68
228,620
54,929
13
519,866
6.99
5.10
23
46,057
14
612,941
7.72
5.38
232,777
55,239
15
621,707
6.46
237,300
53,976
16
597,215
7.31
7.43
238,765
49,576
17
617,427
7.36
5.28
241,957
55,454
18
572,320
6.19
6.12
251,317
48,480
19
602,400
7.95
6.38
254,393
53,249
20
575,004
6.34
5.67
255,699
49,696
21
667,581
5.54
7.08
262,270
52,600
22
569,880
7.89
275,588
50,472
23
644,684
6.76
7.22
277,667
53,409
24
605,468
6.39
5.21
277,816
52,660
25
599,213
6.00
279,031
50,464
26
610,735
6.82
279,934
49,525
27
603,830
7.10
287,921
49,489
28
617,803
7.77
6.96
289,358
49,375
29
529,009
8.07
5.76
294,787
48,254
30
573,211
6.91
296,246
46,017
Sheet2
Sheet3