PIP has already used bottom-up managerial judgment (qualitative approach) to estimate demand, especially related to the types
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PIP has already used bottom-up managerial judgment (qualitative approach) to estimate demand, especially related to the types of people needed. Now, the organization would like for you to estimate demand using the quantitative methods we discussed in class.
- Calculate demand using:
- Trend analysis. Calculate regular demand and then calculate projected demand for Summer.
Regular: 350 + 10.5 = 360.5
Summer: 389 + 11.67 = 400.7
- Ratio analysis (there are 2)
- Regression analysis
(-23.02, 93.91)
Are these estimates reliable? What could account for these findings?
Related Book For
Entrepreneurship & Small Business Management
ISBN: 978-0133767186
2nd edition
Authors: Steve Mariotti, Caroline Glackin
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