Question: e ) During the Covid - 1 9 pandemic, demand for wire and cable dropped by around 1 0 % due to reductions in the
e During the Covid pandemic, demand for wire and cable dropped by around due to reductions in the number of constructions, communication, power network etc projects. Since then, demand has almost recovered to prepandemic levels. In the UK consumed a total of kt conductors wire and cable This was expected to rise at a rate of roughly throughout to a total of conductors consumed. Your supervisor has asked you to use this information and make a prediction for UK conductor consumption throughout assuming the growth rate remains about the same. Comment on the implications for the wire and cable industry and the limitations of this kind of modelling.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
