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Essay / Research Paper Abstract
This 5 page paper is written in 2 parts and is based on the case study provided by the student. The first part of the paper describes the way in which least-squares regression analysis has been used to project the demand for individual goods based on historical data provided to the last 4 years and then goes on to give an overview on the total projected demand for the company as a whole looking at the general trends. The second part of the paper is made up of four Microsoft PowerPoint slides that accompany the text. The bibliography cites 1 source.
Page Count:
5 pages (~225 words per page)
File: TS14_TEorderlev.rtf
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Unformatted sample text from the term paper:
data available. In order to determine the potential demand the 2005, and therefore the order levels will be required, the company has provided us with the sales for the years
2001 to 2004. There are numbered influences on the overall demand; this will include factors such as fashions and trends economic influences as well is a level which spent on
marketing. However, as we do not have the relevant information to make a sophisticated analysis the most appropriate statistical method is that of regression analysis. Regression analysis looks at the
historical data and use it to project the most likely demands in the future by cutting the demand McGrath and plotting a straight line which has the least distance from
the combined points plotted. By following this line along the graph the demand may be forecast for the next point (Curwin and Slater, 1996). Slight to demonstrates that there are
some good where there is an increase in demand, and other goods where there is a decrease in demand. In some cases the demand becomes a negative figure. In the
real world there cannot be a negative demand, so it is assumed where there is a decline sufficient to take the projectionist negative figures that there will simply be a
negligible demand for the product. Slide three presents the suggested order numbers with a negative numbers becoming a zero, and where there are any fractions these are rounded up to
the nearest whole number. If the order quantities need to be in specific batch sizes than the should be increased accordingly. Question 2 If we are looking at the general
future of the business than the initial impression may be that the business is facing severe problems. There is a general trend downwards as shown in slide for, with only
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