The forecasting staff for pizzer corporation has developed

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The forecasting staff for the pizzer Corporation has developed a model to predict sales of its air-cushioned ride snowmobiles. The mobiles specifies that sales S vary jointly with disposable personal income Y and the population between ages 15 and 40, Z and inversely with the price of a sownmpbiles p. Based on past data the best estimate of this relationship is

S=K YZ/P

Where K has been estimate (with past date ) to equal 100.

a. If Y =$11,000, Z=$1,200 and P=$20,000 what value would you predict for S?

b. What happen if P is reduced to $17,500?

c. How would you go about developing a value for K?

d. What are the potential weaknesses of this model?

Reference no: EM13454744

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