use causal forecasting in other applications. You are the manager of Starbucks in South Florida. Other...
use causal forecasting in other applications. You are the manager of Starbucks in South Florida. Other than price, identify 2 other potential iependent variables that affect the demand for Starbuck's products, and then justify your answer briefly!
a) independent variable 1:
Justification:
b) independent variable 2:
Justification:
Homework Answers
1 : General economic conditions
These determine the disposable income of people, If the economy is booming people have additional money and will increase the demand for the products and vice versa in case of recessionary situations.
2: Price of competitor products
Suppose the price of competition suddenly decreases. This will increase the demand for the company’s products and vice versa.
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use causal forecasting in other applications. You are
the manager of Starbucks in South Florida. Other...
3) Let's think about how we might use causal forecasting in other applications. You are the...
3) Let's think about how we might use causal forecasting in other applications. You are the manager of Starbucks in South Florida. Other than price, identify 2 other potential independent variables that affect the demand for Starbuck's products, and then justify your answer briefly! a) independent variable 1: Justification: b) independent variable 2: Justification:
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