Diff Output

Sales Forecast

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Abstract:

Sales forecast is important because the production and employment will depend largely on expected sales in the future. The paper analyzes the levels of retail sales in 31 countries for 2007 and 2008, and also shows the relationship between sales and the price index. The results show that the level of 95% of the test, the average sales value for 2007 and 2008 are equal and that as the index of rising prices increased level of sales.

Introduction:

Consumer sales in retail for the year table summarizes the percent frequency:

The above table shows that 56% of countries had sales in the range of 101.5 to 110.5, and only 3% of the to 110.5, meaning that table summarizes the frequency of the countries with reference to the selected ranges:

The chart above shows that there was a decrease in frequency in 2008 for the range of 101.5 research question in this paper is whether the average level of sales in 2008 is greater than the average level of sales in 2007; T test using Stata:

. == Sales2007 TTEST sales2008, unequal unpaired

Two sample t test with unequal variances

Variable = -0.347

> 0

Pr (T = 0.3650 Pr <t) (T> t) = 0.7300

Pr (T> t) = 0.635

= 0.048265515 calculated

Critical value of 0.05 Z = 0.019

Critical Z Z> calculated

Given that the critical value variables, the model estimates that represent the relationship between sales and the consumer price index, the price index data was retrieved from the website whereby a regression model that is estimated to have a constant sum, the level of sales is the dependent variable and the price index is the independent variable, the following 0.1878

Total 4766.84762

30 158.8949 21

Root MSE

= 11.36

Sales2008 Coef.

Std Err. 237 791

1.497157

15.49897 _cons

0.45 34.24631

0.654

-54.54259

85.54053

About the Author

Author is associated with SuperiorPapers.us which is a global Research Papers and Term Papers Writing Company. If you would like help in Research Papers and Term Paper Help you can visit Term Paper Help, Non-Plagiarized Essays and College Essays.

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