Question: submit a two paragraph description of the eight procedures. This should serve as a description of the process you will follow developing Lowes strategic forecast
Company Pro-Forma Strat Plan 8 Step Building Process 1. Company Revenue (Y) and Characteristics This must be done first! 2. Form a Company Revenue Eco Hypothesis To Identify Important Macroeconomic X Variables and Their Characteristics 3. Test the Hypothesis with Early Regression Y = a + B1X1 + B2X2 4. Forecast each X variable using X variable historical Data (Expo Smoothing, Decomposition, ARIMA) We will address this beginning next week. 5. Select the Best Forecast for each X variable ! 6. Revise the Early Regression Model (from 3 above) to best Fit the Company Revenue and Test the Model 7. Use the Regression Forecast with Company 10K to create a Pro- Forma Financial Strategic Plan 8. Comment on the plan Financial Results and Make Recommendations for Company Performance Improvement Company Pro-Forma Strat Plan 8 Step Building Process 1. Company Revenue (Y) and Characteristics This must be done first! 2. Form a Company Revenue Eco Hypothesis To Identify Important Macroeconomic X Variables and Their Characteristics 3. Test the Hypothesis with Early Regression Y = a + B1X1 + B2X2 4. Forecast each X variable using X variable historical Data (Expo Smoothing, Decomposition, ARIMA) We will address this beginning next week. 5. Select the Best Forecast for each X variable ! 6. Revise the Early Regression Model (from 3 above) to best Fit the Company Revenue and Test the Model 7. Use the Regression Forecast with Company 10K to create a Pro- Forma Financial Strategic Plan 8. Comment on the plan Financial Results and Make Recommendations for Company Performance Improvement
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