Our Services

Get 15% Discount on your First Order

[rank_math_breadcrumb]

ECO4

2

Forecasting Demand for Gourmet Pizza

Name

Institution

Course

Professor

Date


Assignment Title: The “Demand Detective” Challenge

Scenario: A local pizzeria chain is ready to launch their gourmet pizza line. Before finalizing their pricing strategy and production volume, they need to accurately gauge potential demand. You are hired as a market research analyst to advise them.

Assignment Task:

1.
Demand Drivers: First, identify at least four key factors OTHER than price that could influence demand for the new gourmet pizzas. These could include income levels, competitor offerings, marketing, dietary trends, etc.

2.
Data Detective: For each of the factors you identified, do the following:

· Explain how this factor might affect demand for the gourmet pizzas. Would you expect a positive or negative impact?

· Research reliable data sources where you could find information related to this factor (market reports, economic indicators, local demographics, etc.). Be specific.

3.
Forecast Approaches: Choose TWO of the following forecasting techniques and discuss how they would apply to the pizzeria’s scenario:

·
Time Series Analysis: Explain how the pizzeria could use past sales data (for similar products or overall sales trends) and time series analysis to project future demand.

·
Regression Analysis: Explain how a regression model could be used to quantify the relationship between demand and the factors you identified in part 1. Discuss the type of dependent and independent variables you might consider.

·
Qualitative Methods: Explain how the pizzeria could use focus groups or in-depth interviews to gather insights about customer preferences and potential demand for gourmet offerings.

4.
Recommendations: Write a short analysis report (approximately 1,000 words) for the pizzeria. Include your findings on demand factors and a brief overview of forecasting methods best suited for their scenario. Include any important questions the pizzeria should consider in their data collection process.

Objectives:

· Understanding factors influencing demand beyond price

· Identifying reliable data sources for market research

· Evaluating different quantitative and qualitative forecasting methods

· Applying forecasting concepts to a real-world business problem

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Week 7 Discussion Response- Improving Business Performance

   Improving Business Performance Week 7 Learning Resources Landel, R. D. & Timoshin, D. (2001, March 8).  Rise and demise of the innovative entrant . Darden Business Publishing. Note: This resource will be used for this week’s Discussion.

Selection of Company and Problem

Criteria Choose a company from the Fortune 500 list. Your choice must be below the top 100 (101-500) in the ranking at https://www.zyxware.com/articles/4344/list-of-fortune-500-companies-and-their-websites#rank-101-400 or you can utilize Google to find a list of Fortune 500 companies. Determine a business challenge this company faces that could be addressed through business analysis techniques,

DB II

See attached Management Applications of Accounting DB II •   Your initial post should be at least 300 words in length. •   Your initial post should include at least one APA-formatted scholarly, professional, or textbook reference with accompanying in-text citation to support any paraphrased, summarized, or quoted material. Post 2: Response post to

Unit VII Ess

se attached Unit VII Essay Choose a well-known global organization (e.g., Amazon, McDonald’s, Zara, Unilever) that operates in multiple international markets. Research how the chosen organization distributes its products across different markets. Consider both physical (retail, wholesale) and digital (e-commerce, direct-to-consumer) channels. Describe the marketing distribution channels and explain whether

WK2MBA599

SEE ATTACHED Please cite 2 outside scholarly authors. TEXTBOOK: Required Textbook: David, F. R., David, F. R. & David, M.E. (2023). Strategic management: a competitive advantage approach, concepts and cases (18th ed.). Upper Saddle River: Pearson. ISBN: 9780137897667 Develop a Competitive Matrix for McDonald’s Textbook Learning Exercise 3B Steps 1-3

Business & Finance homework

HSE470 Legal Issues of Security 1 of 2 1/3/2021, 12:51 PM HSE470 Legal Issues of Security 2 of 2 1/3/2021, 12:51 PM

Business Finance – Management homework

see attached HOMEWORK 1: 5 pages with 2 references Instructions: This homework assignment is meant to ensure understanding of the material contained within the module and reading assignments. Utilizing information contained within the module, text, and additional research, answer the following questions. 1. Describe each part of the DMAIC model.

share your definition of critical thinking

share your definition of critical thinking. Give an example of how you have utilized critical thinking in the workplace. In addition, search the open job listings on the web. Identify and post one new open position that requires business analysis skills. Cite the source about the job opening. Describe and

BUSINESS( NO PLAGARISM A+ WORK, ON TIME)

3 business economics questions 1. ASSIGNMENT ( NO MORE THAN 300 WORDS) Why study managerial economics? The most important task of a business manager is to make decisions. Decisions are the means by which organizations turn ideas into action and can have a positive or a negative impact. However, decision

Journal Article 1

See attachments  BUSI 613 Journal Article Review Assignment Instructions Overview MBA programs around the country are starting to require their students to become more effective writers. This is in response to industry’s urging for grad schools to improve the writing skills of graduate students. Writing at the MBA level should

Prof Double R

 Electronic Health Record  Answer the following questions: What is an EHR? What types of information are found in an EHR? Who manages an EHR? How is it used? Does an EHR follow the patient to other health facilities? Explain.

Microeconomics 6

Assignment in attachment  1. The following graph shows a firm operating in a monopolistically competitive market. How many haircuts will the firm perform in the short term, and at what price? At this point, what will its total revenue, total cost, and total profit be? Given your answers, what would

Microeconomics 7

Assignment in attachment  1. What are the four most important ways a firm becomes a monopoly? Will a monopoly that maximizes profit also be maximizing revenue? Will it be maximizing output? Explain. 2. Assume the graph below represents the market for a monopolist. What quantity will the monopolist produce, and

Microeconomics 2

Assignment in attachment  1. The graph below represents the market for flank steak in a specific town. Calculate the value of consumer surplus: A. When the market price is allowed to prevail, and B. When the town passes a law setting a price ceiling for flank steak of $13 per

MBA 699 4-2 Milestone 2

   1. Current employee demographics: Summarize the current employee demographics for the organization from the course scenario. a. Use Tableau to visualize the demographic data such as age, sex, marital status, education, and experience, and include the corresponding screenshots in your summary. Choose the graphs or charts that are best

HRM 6301 III

1 Three Keys to Success Joshua A. Learner Columbia Southern University LSS 1300: Learning Strategies for Success Dr. John Doe July 10, 2020 SAMPLE FORMAL ESSAY The title page includes the title of the assignment in bold font, the student’s name, the name of the university, the course name, the