Eco 550 Complete Class - All Quizzes, Problems &

ECO 550 Complete Class - All Quizzes, Problems & Assignments

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ECO 550 Complete Class - All Quizzes, Problems & Assignments

ECO 550 WK 3 Assignment 1 - Making Decisions Based on Demand and Forecasting

ECO 550 WK 6 Assignment 2 - Operations Decision

ECO 550 WK 8 Assignment 3 - Market Model Patterns of Change

ECO 550 WK 10 Assignment 4 - Long Term Investment Decisions

Chapter 1-17 Chapter Problem Solution

All the Quizzes, Midterm and Final Exams

ECO 550

Managerial Economics

 ECO 550 WK 3 Assignment 1 - Making Decisions Based on Demand and Forecasting

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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 incomeper 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 your community.

1. Report the demographic and independent variables that are relevant to complete a demand analysis providing a rationale for the selection of the variables.

2. Using Excel or other calculation software, input the data you collected in criterion one 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. Explain any additional variables that may improve the coefficient of determination.

3. Test the statistical significance of the variables and the regression equation, indicating how...