Week 3 Discussion 1 & 2

In: Business and Management

Submitted By clgilchrist
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Week 3 Discussion 1

From the e-Activity, develop a regression equation using the data you collected from your research. Use the regression equation to focus the demand for the product you chose for the next three periods. Assess what the results of the regression equation tells managers and how it is likely to impact decisions made related to maximizing profitability.
I decided to take a brief look into Buffalo Wild Wings Chain future expansion near college campuses. The restaurant chain's management wants to determine the best locations in which to expand their restaurant business. So far the most successful locations have been near college campuses. This opinion is based on the positive numbers that quarterly sales (y) reflect and the size of the student population (x). Management's mindset is that over all, the restaurants that are within close proximity to college campuses with large student bodies generate more sales than restaurants located near campuses with small student bodies.

Imagine you are a manager for the good or service used above. From the results of the regression equation, suggest strategies to either maintain demand (if an increase over three periods occurs) or improve demand (if a decrease over three periods occurs). Provide support for your recommendations.
The regression analysis of the demand patron assures that managers are able to forecast the future sales. For profitability perspective, the demand for the future should show an increasing trend. Through this analysis the manager will be prepared to meet the demands of upcoming periods and this will be able to capture whole of the offered market share. As a result the managers will be in better position to maximize the firm’s profitability.

Swayne, L. E., Duncan, J., & Ginter, P. M. (2009). Strategic management of healthcare organizations (6th ed.). San Francisco:…...

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