ECO 550

ECO 550 WEEK 5 MID TERM EXAM PART II 1 For studying demand relationships for a proposed new product that no one has ever used before, what would be the best method to use? 2 The forecasting technique which attempts to forecast short-run changes and makes use of economic indicators known as leading, coincident or lagging indicators is known as: 3 Smoothing techniques are a form of ____ techniques which assume that there is an underlyin

ECO 550 MIDTERM EXAM PART II Question 1 The type of economic indicator that can best be used for business forecasting is the 2 The use of quarterly data to develop the forecasting model Yt = a +bYt−1 is an example of which forecasting technique? 3 If two alternative economic models are offered, other things equal, we would 4 Consumer expenditure plans is an example of a forecasting method. Which of the general categories best des

ECO 550 WEEK 7 DISCUSSION II Examine the common price setting strategies of airlines that use game theory Predict the potential effects of such pricing strategies on the demand for seats, and conclude the resulting impact on the profitability of the airlines.

ECO 550 WEEK 7 DISCUSSION I From the scenario for Katrina’s Candies, determine the importance of predicting the pricing strategies of rival firms in an industry characterized by mutual interdependence. Provide a rationale for your response.

ECO 550 WEEK 9 DISCUSSION II Government Regulation Please respond to the following From the e-Activity, take a position on whether the banking industry needs more or less government regulation. Support your position with two (2) examples of the impact of regulation.

ECO 550 WEEK 9 DISCUSSION I Impact of Government Regulation Please respond to the following From the scenario for Katrina’s Candies, take a position as to whether government regulation is constraining or enabling in this situation, as it relates to the operational efficiency of the company. Speculate on the fundamental manner in which government regulation could impact the shareholders’ wealth and profitability.

Assignment 1: Demand Estimation Due Week 3 and worth 200 points Imagine that you work for the maker of a leading brand of low-calorie, frozen microwavable food that estimates the following demand equation for its product using data from 26 supermarkets around the country for the month of April. For a refresher on independent and dependent variables, please go to Sophia’s Website and review the Independent and Dependent Variables tutoria

Week 3 Discussion Managing in the Global Economy and Outsourcing Offshore" Please respond to the following: • From the scenario for Katrina’s Candies, assuming the absence of quantitative data, determine the qualitative forecasting techniques that could be used within this scenario. Now, assume you have acquired some time series data that would enable you to make forecasts. Ascertain the quantitative technique that will provide you

ECO 550 Week 1 Discussion "Supply and Demand" Please respond to the following: • From the scenario for Katrina’s Candies, examine the key factors affecting the demand for and the supply of a good in general and Katrina’s Candies specifically. Distinguish between a change in demand and a change in the quantity demanded (movement along the demand curve). Propose two (2) methods in which organizations that provide the good may

ECO 550 Week 2 Discussion Estimating Demand and Its Elasticities" Please respond to the following: • From the scenario for Katrina’s Candies, examine the procedure Herb will use to estimate the demand model developed in the scenario for Week 1. Analyze the elasticity of demand for products within the selected industry relevant to Katrina’s Candies. Determine the factors involved in making decisions about pricing these produc