Dominion Sales and Inventory issue – Regression Analysis

IntroductionIn today?s business environments, organizations face a slap-up deal of challenges within competitive environment within the outer arena and the local markets. They face challenges even from flower, highly energising companies, which in many an otherwise(prenominal) cases cause by the ongoing acquisitions, mergers, and demands from an ever so more than discriminating consumer. The public organizations search for different in effect(p) behavior to deliver policies and increase scales of efficiency. In this fast move environment, many companies are fathering their existing project and preference programing systems are not sufficient to accommodate kind or optimize their programs, bene adequates planning, and tracking. Managers struggle as they attempt to find ways to move the business forward. At Dominion, one of the big elements in becoming a leaner operation is how to counterweight the descent dollar levels against the gross sales dollar levels. A r egressive compendium study between chronicle and sales dollars could interpret the electric charge needed to find the balance and lean financial requirements of Dominions pep pill attention team. Description of the retroversion AnalysisUniversity of Phoenix defined reasoning backward analysis as a statistical tool used to estimate the esteem of variable based on the value of another (University of Phoenix, 2006). The fair game of regression analysis is to determine the determine of factors for a do that cause the function to best fit a sort out of known data observations.

The Dominion management team t reasured to reduce their current muniment l! evels; however, other management member believes that major(ip) reduction in inventory levels may cause a decrease in sales and impact negatively the client satisfactions if the products are not readily available, which in return customers depart look elsewhere to look at these purchases. Analyzing the data, provided clear that a relationship exists between the annual inventory dollars and the annual sales dollars. Knowing the relationship between the sales dollars and the inventory... If you want to decease a full essay, order it on our website: OrderCustomPaper.com

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