Dominion Sales and Inventory issue – Regression Analysis

IntroductionIn today?s business environments, organizations face a nifty deal of challenges within competitive environment within the impertinent arena and the local markets. They face challenges even from slenderer, highly energising companies, which in many an otherwise(prenominal) cases cause by the ongoing acquisitions, mergers, and demands from an incessantly more than discriminating consumer. The public organizations search for different potent behavior to deliver policies and increase scales of efficiency. In this fast pitiable environment, many companies are happening their existing project and imaginativeness programing systems are not sufficient to accommodate depart 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 historic elements in becoming a leaner operation is how to sense of balance the descent dollar levels against the sales dollar levels. A regressive compendium study between chronicle and sales dollars could ply the electric charge needed to find the balance and lean financial requirements of Dominions pep pill attention team. Description of the reasoning backward AnalysisUniversity of Phoenix defined reasoning backward analysis as a statistical tool used to estimate the watch over of variable based on the value of another (University of Phoenix, 2006). The accusing of regression analysis is to determine the determine of factors for a attend to that cause the function to best fit a rank of known data observations.

The Dom inion management team valued to reduce thei! r current muniment levels; however, other management member believes that major reduction in inventory levels may cause a decrease in sales and impact negatively the guest satisfactions if the products are not readily available, which in return customers allow for 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 worry a full essay, order it on our website: OrderCustomPaper.com

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