BUS 308: Statistics for Managers - Predictive Sales Report

Name: BUS 308: Statistics for Managers - Predictive Sales Report
Brand: Ashford University
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Author: Evelyn Morris

A predictive sales report using statistical methods to forecast future sales based on historical data.

Evelyn Morris

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BUS 308: Statistics for Managers - Predictive Sales Report
Analyze the impact of unemployment rates on consumer spending and retail inventory
management. Discuss trends, correlations with economic cycles, and strategies for businesses to
adapt. Include statistical analysis and forecasts. (750-1,000 words)

PREDICTIVE 3
PREDICTIVE SALES REPORT
A retail store has recently hired you as a consultant to advice on economic conditions.
One important indicator that the retail store is concerned about is the unemployment rate. The
retail store has found that an increase in the unemployment rate will cause a lack of consumer
spending in their stores. Retail stores use the unemployment rate to estimate how much inventory
to keep at their stores, which is important in maintaining cost effectiveness. In this consultant
role you will apply calculations and research to create a predictive sales report.
Part I
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1948 3.4 3.8 4 3.9 3.5 3.6 3.6 3.9 3.8 3.7 3.8 4 3.75
1949 4.3 4.7 5 5.3 6.1 6.2 6.7 6.8 6.6 7.9 6.4 6.6 6.05
1950 6.5 6.4 6.3 5.8 5.5 5.4 5 4.5 4.4 4.2 4.2 4.3 5.21
1951 3.7 3.4 3.4 3.1 3 3.2 3.1 3.1 3.3 3.5 3.5 3.1 3.28
1952 3.2 3.1 2.9 2.9 3 3 3.2 3.4 3.1 3 2.8 2.7 3.03
1953 2.9 2.6 2.6 2.7 2.5 2.5 2.6 2.7 2.9 3.1 3.5 4.5 2.93
1954 4.9 5.2 5.7 5.9 5.9 5.6 5.8 6 6.1 5.7 5.3 5 5.59
1955 4.9 4.7 4.6 4.7 4.3 4.2 4 4.2 4.1 4.3 4.2 4.2 4.37
1956 4 3.9 4.2 4 4.3 4.3 4.4 4.1 3.9 3.9 4.3 4.2 4.13
1957 4.2 3.9 3.7 3.9 4.1 4.3 4.2 4.1 4.4 4.5 5.1 5.2 4.30
1958 5.8 6.4 6.7 7.4 7.4 7.3 7.5 7.4 7.1 6.7 6.2 6.2 6.84
1959 6 5.9 5.6 5.2 5.1 5 5.1 5.2 5.5 5.7 5.8 5.3 5.45
1960 5.2 4.8 5.4 5.2 5.1 5.4 5.5 5.6 5.5 6.1 6.1 6.6 5.54
1961 6.6 6.9 6.9 7 7.1 6.9 7 6.6 6.7 6.5 6.1 6 6.69
1962 5.8 5.5 5.6 5.6 5.5 5.5 5.4 5.7 5.6 5.4 5.7 5.5 5.57
1963 5.7 5.9 5.7 5.7 5.9 5.6 5.6 5.4 5.5 5.5 5.7 5.5 5.64

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University

Ashford University

Subject

Statistics

BUS 308: Statistics for Managers - Predictive Sales Report

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