Generating forecasts Essay Example | Topics and Well Written Essays - 2000 words

Generating forecasts - Essay Example Since the current and future customers have more money to buy the company’s goods and services, it is possible to predict an increase in the purchase of the stores’ product sales and services revenues. Statistical tools help make more informed store management decisions. In the same manner, the increase in certain independent factors may indicate a possible decline in the dependent factor. For example, an increase in the government’s taxes will reduce the workers’ take home pays or salaries. Consequently, the reduced take home pays will reduce the workers’ purchasing power. Consequently, the decision makers must expect a decline in the stores’ sales and service revenues. With the reduced take home pay, the employees must cut down their avoidable expenses. The table 1 data shows the company can generate the future weeks’ projected revenues (Johnson, 2010). The expected future sales are grounded based on the above multiple independent variables. The dependent variable is the revenues. As dependent variable, the sales output is normally dependent on the many independent variables. The above table shows that the competitors often sell their products at prices that are reasonable. A reasonable price takes into consideration several relevant factors. One of the relevant factors is the demand for the products. A high customers’ demand for the products will encourage the stores to increase their selling prices. However, a low demand for the stores’ products and services persuades the store managers to offer discounted prices. With the discounts, the customers will take advantage of the price reductions. A price reduction will normally trigger a higher demand for the stores’ products and services (Johnson, 2010). The above table 2 shows the summary of the statistical findings’ regression analysis for the ten weeks. The Multiple regression output is shown to be 0.63. The R Squared figure is 0.40. The Adjusted R squared figure is -.0950.

China's business cycle and government policy in economy development Research Paper

China's business cycle and government policy in economy development - Research Paper Example There are many economic indicators that can be used to show the growth of a given economy. In this research paper, only three are discussed. Gross Domestic product(GDP), inflation and the unemployment rate are the major indicators of the economic change in the country. Gross Domestic Product of china The state council of China established a system of national accounting in 1985 to measure the gross domestic product of the people’s republic of China. In comparison, the Gross Domestic Product report produced by Fengbo Zhang in his measurements in 1980 and that of 1998, the difference in the economic levels is negligible. This is the period when the weighting factors underwent tremendous changes. The prices were amended year after another. Despite the great changes in technology in china, the Gross Domestic Product has shown negligible deviation since 1980. The chart below shows the changes in the Chinas GDP as compared to other economic growths in the first and second world countries. Proportion of world (countries with data) nominal GDP for the countries with the top 10 highest nominal GDP in 2010, from 1980 to 2010 with IMF projections until 2016. Grey lines show actual US dollar values China’s mean annual growth in Gross Domestic Growth was 9.90 % from 1980 to 2010. The highest it ever went in the history is 15% while the lowest was 3.7%. in 1984 and 1990 respectively. According to the research of 2013, Chinas nominal GDP by Expenditure approach is 9.2 trillion Dollars of the USA. Factors affecting the GDP in china and other developed countries vary. The first is growth phase and sector shares. Economic development in China and other developed countries have experienced changes, which affected the progress of growth through labor force, participation rate and economic sector relative sizes. Transition from agricultural activities to manufacturing saw the manufacturing industries