ECO 550 Week 3 DQ

Week 3 eActivity .-Use the Internet or the Strayer Library to research the current demand for a good or service of your choice. Collect information that will affect the demand for the good or service

-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.

-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...