In the United States, the Bureau of Labor Statistics assists in calculating the monthly national unemployment rate from unemployment O data reported to it by firms when employees leave data released on the first Friday of every month. tax records. data reported on applications for unemployment compensation
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- Demand forecasting helps a company to respond quickly to market changesgiving the firm a competitive advantage. The process of forecasting establishesthe link between planning and control for the company, and facilitates theeffective output of the firm’s goods and services. A common quantitativemethod of forecasting is time series. Explain what is involved in time seriesanalysis and its significance to demand forecasting.. Suppose that you are working as an analyst. Your task is to value company XYZ based on financial data available for this company. Discuss how you would go about doing this using themultiple growth rate Gordon growth model. Critically evaluate your approach by discussing any assumptions you make (about forecasts, discount rate etc.). What data is needed to value XYZ?Why is a cross-sectional model of stock price returns likely to produce a more accurate forecast of next year's returns than the market market model?
- Explain the term Forcasting. Why forcasting are Forecasting is one of the important functions of management. It is a part and parcel of planning function. Forecasting means prediction about future. Forecasting means analysis of future about the operations of an enterprise. It involves looking ahead for future event. Forecasting means a process of providing the details supported by budget. Forecasting means drawing a conclusion about production, sales, profit on the basis of research, study & survey.Sales for the past 12 months at computer success are given here: January 3,000 July 6,300 february 3,400 August 7,200 March 3,700 Sept 6,400 April 4,100 Oct 4,600 May 4,700 Nov 4,200 June 5,700 December 3,900 a. Use a 3-month moving average to forecast the sales for the months May through December b. Use a 4-month moving average to forecast the sales for the months May through December C. Compare the performance of the two methods by using the mean absolute deviation as the performance criterion. Which method would you recommend? d. Compare the performance of the two methods by using the mean absolute percent error as the performance criterion. Which method would you recommend? e. Compare the performance of the two methods by using the mean squared error as the performance criterion. Which method would you recommend?A strategic planning that include decisions such as market trends, behaviour and shifts in competitive markets, emerging competition, and long-term expansions could be classified as_______. a. Mid, long, short term forecast b. Short-term forecast c. Mid-term forecast d. Long-term forecast
- To carry out their analysis, planning, implementation, and control responsibilities, marketing managers need a marketing information system (MIS) to assess information needs, develop the needed information, and distribute it in a timely manner. Assume that you are a Marketing Manager of Foodpanda and your company wants you to deploy an efficient Marketing information system. Explain how marketing intelligence will help Foodpanda in collecting information and forecasting demand?If a firm wants to forecast its gross margin by product for the next year, how does the firm do so? Select an answer: product revenue projection times projected gross margin for the product total revenue projection times projected gross margin for the average product product revenue projection divided by projected gross margin for the product total revenue projection divided by projected gross margin for the average productThe following table shows the number of televisions sold over the last ten years at a local electronic store. Year TV Sales 1. 150 2. 300 3. 480 4. 600 5. 630 6. 640 7. 700 8. 825 9. 900 10. 980 Using trend projection, develop a formula to predict sales for years 11 and 12. You have to show all working. You will need to develop a table to calculate the slope and the intercept. [9 marks] 2. Use that formula to forecast television sales for years 11 and 12. [2 marks]
- Use the guiding questions below to develop recommendations based on the June budget to help the manager of the marketing department • How does the master budget help the manager understand the company’s external environment and the impact the environment have on the marketing department? • How does the budget help the manager with forecasting?practical example of the ABUSES of Statistics, in business applications.An electronic appliance manufacturer wants to know if there is a relationship between percentage change in deposable personal income which is reported quarterly by the government, and the percentage change in appliances sold by the manufacturer following same years of quarterly data. Brenda Chee and Clarence Paulus lead an analyst team has obtained data for the past 10 quarters. Table 3 Quarter Percent change in income Percent Change in appliance sold Quarter Percent change in income Percent Change in appliance sold 1 -2.3 -2.5 6 -1.0 1.0 2 -1.5 -1.0 7 0.7 1.4 3 2.8 7.4 8 5.2 3.4 4 0.5 2.6 9 -2.5 -0.5 5 4.6 8.5 10 1.7 1.8 1) What forecasting model should be used for this data.Why? 2) Develop the forecasting model that you have proposed in(a). 3) Compute the relationship for these data. In your opinion, is the relationship between independent variable strong enough to base a predictive the…
