User Account

All Pages

Conduct research about the demographics of your community

Assignment Help Microeconomics
Reference no: EM131500547

Assignment: Making Decisions Based on Demand and Forecasting

Domino's Pizza is considering entering the marketplace in your community. Conduct research about the demographics of your community, for example the population size and average income per household and other independent variables, such as price of pizza and price of soda, for this assignment. By conducting a demand analysis and forecast for pizza, you will be able to make a decision whether Domino's should establish a presence in your community.

1. Report the demographic and independent variables that are relevant to complete a demand analysis providing a rationale for the selection of the variables.

2. Using Excel or other calculation software, input the data you collected in criterion one to calculate an estimated regression. Then, from the calculation provided, interpret the coefficient of determination, indicating how it will influence your decision to open the pizza business. Explain any additional variables that may improve the coefficient of determination.

3. Test the statistical significance of the variables and the regression equation, indicating how it will impact your decision to open the pizza business.

4. Forecast the demand for pizza in your community for the next four months using the regression equation, including the assumptions that were used to create the demand. Justify the assumptions made related to the forecast.

5. Based on the forecasting demand, determine whether Dominos should establish a restaurant in your community. Provide a rationale and support for the decision.

6. Cite at least two different government sources for the demographic information you collected.

Reference no: EM131500547

Questions Cloud

Solve example using two elements and eight elements : Example: Consider a bar with a variable cross section supporting a load P, as shown in Figure. The bar is fixed at one end and carries the load Pat the other.
Consider the liability of flowerpot ltd : Neither of them were wearing belts. Ben was dancing about, trying to attract Willies's attention, when he distracted Bill.
Why do clothing retail company enter international markets : Why do clothing retail companies enter international markets? How can expansion strategies of clothing retailers companies in foreign market can be described?
Compute the after-tax cost of each component of capital : Compute the after-tax cost of each component of capital. Bonds and Retained Earnings
Conduct research about the demographics of your community : Domino's Pizza is considering entering the marketplace in your community. Conduct research about the demographics of your community.
Successful manger of human resources : What are the good traits of a successful manger of human resources?
Determine the deflection and average normal stresses : A concrete table column-support with the profile shown in the accompanying figure is to carry a load of approximately 500 lb.
Create a box-and-whisker plot for the distribution : ECON 1030 - BUSINESS STATISTICS PROJECT. Create a box-and-whisker plot for the distribution of User Ratings and describe the shape. Is there evidence of outliers in the data
What steps can you take to improve your weaknesses : What are your strong points and what are you weakness identified by answering the questions? What steps can you take to improve your weaknesses?

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd