Explain advertising budget, Operation Management

Assignment Help:

The production manager at company XYZ needs to prepare forecasts of product demand in order to plan for appropriate production quantities. In the past, demand for the product has been strongly dependent on the effort put in advertising and promoting the product. To show this, the marketing manager has compiled the data below on sales (in thousands of units) and advertising budget (in thousands of $) over the past 5 months. The marketing budget allocated to this product in the next month is $3,500. Use linear regression to develop an equation for the relationship between unit sales and advertising $, and generate a forecast for this product. Months sales advertising (thousands of units) (thousands of $) 1 264 50 2 116 26 3 165 28 4 101 20 5 209 40 6? 35


Related Discussions:- Explain advertising budget

Explain connect network segments that use cat5 utp, What kind of router cou...

What kind of router could connect network segments that use CAT5 UTP with other segments that use fibre optic cable? a. modular router b. translational router c. bridge ro

Presume semi-annual coupon payments, What is the yield to maturity of a 16-...

What is the yield to maturity of a 16-year bond that pays a coupon rate of 8% per year, has a $1,000 par value, and is currently priced at $916? Round your answer to the nearest wh

What does it mean to ask that hrm plays a strategic role, What does it mean...

What does it mean to say that HRM plays a strategic role in driving organizational performance? Consider recruiting, performance appraisal, and compensation strategies as part of y

Explain disadvantages of marketing a global product, Many firms try to mark...

Many firms try to market the same product as is in many different markets. The product is essentially the same, the only differences may be in packaging and messaging. What are

Explain what is the hourly production rate, An assembly line currently has ...

An assembly line currently has five workstations and the time required for each is shown below. 1: 48 seconds, 2: 38 seconds, 3: 44 seconds, 4: 56 seconds, 5: 42 seconds what is th

Explain supply node is one where the total flow, A) supply node is one wher...

A) supply node is one where the total flow into the node is less than the total flow out of the node B) A transshipment node is one where the total flow into the node equals th

Explain about one intentional tort that occurred in sports, Research and te...

Research and tell us about one intentional tort that occurred in sports. Be specific and in-depth with your answer. Be sure to include the who, what, when, why, and where of the in

Explain objectives and applicability of Factories Act 1948, Explain objecti...

Explain objectives and applicability of Factories Act 1948 . Objectives and Applicability: The Factories Act controls the conditions of work (health and safety) in factories

Describe what will be the maximum inventory level, ABC Co manufactures a su...

ABC Co manufactures a subcomponent at the rate of 400 per day when required. Its annual demand for this item is 50000 unites. Assume 250 working days per year. Holding cost is $10

Quality control, power electronic buys 45ohm resistor, standard deviation f...

power electronic buys 45ohm resistor, standard deviation for this register is 4ohm.sample size of n=

Write Your Message!

Captcha
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!

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