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Short Writing Assignment – 1 page APA paper
The empirical demand function can be used in conjunction with historical data to predict pricing and sales of specific products. As we have previously discussed, regression analysis is extremely helpful in this forecasting. In your opinion what challenges exist when developing these studies? Please use specific examples.
Longer Writing Assignment – 3 page APA paper & PPT
Your foray into becoming a successful consultant continues this week as you once again are expected to provide the board of directors a 3 page Word document/paper and accompanying visual (PowerPoint). This week’s objective is for you to understand the importance of forecasting to the sales and pricing strategies of the company you have chosen, and also detail some drawbacks associated with these strategies, as they relate to your company. Provide a graphic that demonstrates forecasting as applied to the company. Remember to use APA formatting and citation.
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