Question: Use the Internet or the Strayer Library to research the current demand for a good or service of your choice. Collect information that will affect
Use the Internet or the Strayer Library to research the current demand for a good or service of your choice. Collect information that will affect the demand for the good or service
•From the e-Activity, develop a regression equation using the data you collected from your research. Use the regression equation to focus the demand for the product you chose for the next three periods. Assess what the results of the regression equation tells managers and how it is likely to impact decisions made related to maximizing profitability.
•Imagine you are a manager for the good or service used above. From the results of the regression equation, suggest strategies to either maintain demand (if an increase over three periods occurs) or improve demand (if a decrease over three periods occurs). Provide support for your recommendations.
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A demand for a good is affected byits own price the consumers income and the price of related good H... View full answer
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