Understanding Business Drivers and Improving Business Forecasts
WidgeCorp is considering branching out into cold beverages. You have been asked to come up with a regression model to forecast monthly sales of cold beverages for the next year. Think about what variables you might include in your model.
Your manager asks for your thoughts. – Need to elaborate on this and what variables you would include in your model
………………Answer Preview……………
Deciding what products to produce can be challenging for businesses. WidgeCorp would like to venture into a new line of business and for that to be successful the company needs to assess the feasibility therein. One way to achieve this is to do sales forecasts for the new product. Good and accurate sales forecasts are based on the use of accurate and up-to-date data in an effective regression model. However, selecting independent…..
APA
605 words
