Answer to Question #22698 in Economics of Enterprise for Diane
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 over three periods occurs). Provide support for your recommendations.
Unfortunately, your question requires a lot of work and cannot be done for free. Submit it with all requirements as an assignment to our control panel and we'll assist you.