Making Decisions Based on Demand and Forecasting Domino’s Pizza is sing come ining the market place in your community. Conduct research about the demographics of your community. for illustration the population size and mean income per family and other independent variables. such as monetary value of pizza and monetary value of sodium carbonate. for this assignment. By carry oning a demand analysis and prognosis for pizza. you will be able to do a determination whether Domino’s should set up a presence in your community. 1. Report the demographic and independent variables that are relevant to finish a demand analysis supplying a principle for the choice of the variables. 2. Using Excel or other computation package. input the information you collected in standard one to cipher an estimated arrested development. Then. from the computation provided. construe the coefficient of finding. bespeaking how it will act upon your determination to open the pizza concern.
Explain any extra variables that may better the coefficient of finding. 3. Test the statistical significance of the variables and the arrested development equation. bespeaking how it will impact your determination to open the pizza concern. 4. Forecast the demand for pizza in your community for the following four ( 4 ) months utilizing the arrested development equation. including the premises that were used to make the demand. Justify the premises made related to the prognosis. 5. Based on the prediction demand. find whether Dominos should set up a eating house in your community. Supply a principle and support for the determination. 6. Cite at least two ( 2 ) different authorities beginnings for the demographic information you collected.
