To what extent will does correlation and extrapolation assist Nintendo in forecasting sales?
To what extent will does correlation and extrapolation assist Nintendo in forecasting sales? (34 marks) Correlation is the relationship between two variables. Extrapolation is related to correlation, as it involves plotting a linear regression curve (also known as a line of best fit) which is based upon how two variables are correlated, and extending the line to predict future values. For Nintendo, a computer game and console manufacturing company, a common example would be the relationship between the level of advertising expenditure and the effect of this on sales of its products. The graph to the left shows a strong positive correlation between sales and advertising, meaning if Nintendo increases its advertising, they can expect to see an increase in sales. Because all values are close to the line, as advertising expenditure increases on the x-axis, sales on the y-axis increase proportionately. The regression line can be extended past the '80' figure (meaning £80million) to predict what sales will be like if they spend £100million or even £900million. The uses of such analysis to Nintendo are to an extent very valuable. By creating a scatter graph like the one above, Nintendo can spot trends and forecast future events. For example, they could estimate demand at a certain point in the coming year. One would expect demand to surge at Christmas time when people are
Estructura de las grandes disqueras.
Las Disqueras (internacionales): Estructura de las grandes disqueras: La producción musical es una actividad sumamente compleja. Hay que componer las canciones, tocarlas, grabarlas, mezclarlas y masterizarlas, promover el disco, hacerle publicidad y, por último, hay que venderlo. Para poder hacer todo esto de manera eficiente las compañías discográficas están estructuradas en diversas divisiones y departamentos. Las grandes corporaciones del mundo del entretenimiento (Sony, Universal, EMI, AOL- Time Warner y Bertelsmann Music Group) poseen, cada una, un conglomerado de empresas subsidiarias y asociadas, muchas las cuales son sellos disqueros que, a su vez, tienen a otros sellos de menor envergadura asociados a ellos, etc. Esta cadena puede llegar a ser realmente larga, pero en términos de estructura organizacional son los grandes sellos disqueros lo que se encargan de mercadear y vender los discos de los sellos más pequeños. Las grandes corporaciones del entretenimiento están organizadas como cualquier otra corporación: tienen un CEO, un COO, un CFO etc. Luego, cada gran sello disquero que pertenezca a la corporación, tiene un presidente. Por ejemplo, en AOL- Time Warner hay un presidente para Warner Brothers Records, otro para Reprise Records, otro para Atlantic Records etc. Debajo de los presidentes de las disqueras se encuentran los vicepresidentes,
From the study of ‘The Merchant of Venice’ is shylock presented as a villain or victim? To what extent will this view have changed from that of the original audience?
From the study of 'The Merchant of Venice' is shylock presented as a villain or victim? To what extent will this view have changed from that of the original audience? The play is set in the late 15th century and is mainly about the character of shylock a money lending Jew; he is trying to live a simplistic life as a simplistic character in Venice a country that would have despised and alienated Jewish people. Christians very much believed in their religion/faith and would have disliked any Jewish person. Therefore the original audience would have hated shylock because of his religious beliefs and his job of money lending, as Christians wouldn't have been able to this job, as it would disagree with their belief. Shakespeare captured the way Jews were portrayed in this play well and managed to display it in a certain way, which wouldn't offend, but captured both sympathy and understanding from the audience at the time. Shakespeare play would be looked at in a very different way in a modern performance as the audience wouldn't discriminate towards Jews/ shylock as Christians are taught differently to when the play was originally written and children would have learnt about different religions and cultures and could cope with a Jewish character. Shylock's first appearance in the play is in act 1 scene 3 and his first line is; " Three thousand ducats", this could be taken by
Evaluate the strategies that a business can adopt during a recession
Evaluate the strategies that a business can adopt during a recession A recession, two negative quarters of GDP in an economy, is inevitably going to lead to a business getting less customers. Its overhead costs will be the same, but its unit costs will be higher because it will not be producing as many products but will still have these fixed costs. This will make the business less profitable in the short-term and so strategies must be implemented to try to improve the business's short-term and long-term prosperity. Such strategies might include improving its cash flow position, downsizing, decreasing its costs, decreasing its gearing and managing its receivables and payables more carefully. A strategy of improving cash flow will involve many aspects. They will need to decrease their fixed costs so that their unit costs will decrease and it will be easier to make a profit in the difficult economic climate. This may involve selling off excess machinery or ordering less inventories, or it may involve increasing its operational efficiency by holding less inventories and thus lowering its storage costs. Ultimately, improving its cash flow will enable the business to remain more liquid in hard times, where investors (e.g. banks) will be less financially lenient, in the way of loaning money to businesses, during a recession. Thus it is more crucial than ever for a business to
The Gender Transformation of Caesar
The Gender Transformation of Caesar Shakespeare's Julius Caesar opens with the concurrent celebrations of Caesar's defeat of Pompey and the annual fertility festival of Lupercal. The coupling of the two historically separate events each celebrating distinct gender roles dramatically highlights the importance of gender characterization. Rome's patriarchal society demands a leader who embodies the virile spirit of the state with leadership marked by strength, courage, and constancy. Caesar quite fittingly assumes this role as he returns valiant and victorious from the battlefields; thus, in order to remove him the strong ruler of Rome, Caesar's enemies must retrench his masculinity. Roman society considers women as the embodiment of weaknesses, thinking that their physical, mental, and political inferiority make them of little use beyond reproductive purposes, explaining why aspirants to the throne feminize the identity of the masculine warrior figure to position him as unfit for the crown. The portrayal of the two female characters of the novel, Portia and Calphurnia, captures the prevailing stereotypical perceptions of women. Caesar's wife, Calphurnia, demonstrates women's predisposition towards fearfulness and superstition when she pleads with Caesar to remain at home after dreaming that a statue made in the likeness was Cesar pouring forth blood. Calphurnia establishes
¿Cuál es la posición que ocupa Master Mills en la industria?
Diploma en Marketing Estrategias de Distribución Profesor: Hernán Palacios ESCUELA DE ADMINISTRACIÓN Caso # 1 Masterton Mills Integrantes: Mariela Alvarado Macarena Gallardo Patricia Gallardo Adriana Ubilla Fabiola Negron Santiago de Chile, 20 de julio de 2004 . ¿Cuál es la posición que ocupa Master Mills en la industria? Industria La industria de Alfombras y Tapices en EEUU a la cual pertenece la empresa Masterton Mills ha alcanzado la etapa de madurez, lo cual se ve reflejado en los siguientes hechos: * Disminución de la participación de mercado de la industria de alfombras y tapices en la industria de los cubrepisos en EEUU * Fusiones, adquisiciones y quiebras entre 1985-1995 * Disminución en la demanda y ventas, especialmente en el sector Residencial con una baja de 6% desde 1994. * Exceso de capacidad de fabricación. * Escasos márgenes de utilidad. En 1995, 100 fabricantes de alfombras y tapices se reparten el mercado de los EEUU. El 10% de los fabricantes tenía el 87% de las ventas en dólares de la industria y fabricaban el 75% de todas las alfombras y tapices. El otro 90 % de las empresas fabricantes eran de tamaño intermedio, tenían el 13% de las ventas en dólares y el 29% de éstos se especializaba solo en alfombras, perteneciendo Masterton Mills, Inc. a este último grupo. Las ventas en la industria de las Alfombras y Tapices
Is Increased globalization a good thing?
Is Increased globalization a good thing? More and more people are becoming aware of the 'shrinking' world. The golden arch of McDonalds and the infamous Coca Cola logo are inescapable in almost every country. We only have to go as far as the nearest supermarket in order to see the extent to which citizens of one country are dependent on imported goods from other parts of the world. The World Wide Web is the most graphic example. In order to assess whether increased globalisation is a good thing or not, this essay will firstly discuss the term 'globalisation'. Then it will analyse the advantages and disadvantages of globalisation in our contemporary world. Over the course of the last few decades, the term 'globalization' has slowly crept into the words of politicians, economists, journalists, entertainers alike. It is a term especially controversial to define because it is a subject which undergoes constant dispute between academics about just what it means to speak of globalization. It is commonly associated with words such as capitalism, modernisation, liberalisation and is often used as a synonym for internationalisation and universalisation. Perhaps a good starting point for the discussion is one where globalization is defined as 'the process of increasing interconnectedness between societies such that events in one part of the world more and more have effects on
Sainsbury's organizational structure.
Task 3 (E4, C2, A1) Sainsbury's organizational structure Businesses are structured into different into ways according to the way they operate and according to their culture. The structure of business can affect the way it works and performs. You need to understand the differences between the following types of structure: * Tall * Flat * Matrix * Hierarchical Flat and tall structure:- The term 'scalar chain is a rather old fashioned one and stems from the days when large organizations were bureaucratic, with lots of layers between the top and bottom. Scalar chain refers to the number of levels within the structure or hierarchy of an organization. The scalar chain set out the authority, responsibility and the framework that determined superior and subordinate relationships. The idea of setting out everyone's role and position is to make it clear who is responsible for what, and that there is clear line of authority. Matrix structure:- A matrix structure can be used to combine the grouping method we have identified. In such a matrix it is probable that each member of the organization will belong to two or more groups. A matrix is thus a combination of structures, which enables employees to contribute to a mix of activities. The matrix enables the organization to focus upon a number of aims at the same time, and gives it the flexibility to respond to new markets where
Has Neofunctionalism Been Superseded By A New 'Liberal Intergovernmentalism" As Currently The Most Convincing Theoretical Explanation of European Political Integration?
Has Neofunctionalism Been Superseded By A New 'Liberal Intergovernmentalism" As Currently The Most Convincing Theoretical Explanation of European Political Integration? From an ambitious project originally envisaged to remove the catastrophe of war from such a war-torn continent, the European project has proceeded in 'fits and starts'. Since its inception, there has been much debate regarding what forces drive the integration process forward. Why now, when interstate war in Europe seems impossible, do member states continue to 'pool' their sovereignty in so many areas? Two theories have dominated previous attempts to answer the question of "how and why states cease to be wholly sovereign, how and why they voluntarily mingle, merge and mix with their neighbours, so as to lose the factual attributes of sovereignty."1 Neofunctionalism, the idea that the integration process, once started, develops its own momentum for further integration, saw the height of popularity in the 1960s, following the initial success of the ECSC/EEC and the hugely influential theoretical explanation by Ernst Haas. The second theory, Liberal Intergovernmentalism, surfaced in the 1990s and was championed by Andrew Moravcsik. It saw flaws in neofunctionalist thinking and instead offered an alternative account in which the integrative process was always, and remains, in the hands of national governments;
Investigating Travel & Tourism
Unit 1 - Investigating Travel & Tourism Table of Contents UNIT 1 - INVESTIGATING TRAVEL & TOURISM 1 TABLE OF CONTENTS 2 E1 KEY POST-WAR DEVELOPMENTS 5 . The changing social economic circumstances 7 2. Technological developments 7 3. Product development and innovation 7 4. Changing consumer needs and expectations and fashions 7 E1 CHANGING SOCIAL ECONOMIC CIRCUMSTANCES 8 . Increase in Leisure Time 8 2. Disposable Income 9 3. Car Ownership 10 E1 TECHNOLOGICAL DEVELOPMENTS 11 2. Communication and information systems 12 3. Product Development 12 E1 FEATURES OF THE TRAVEL AND TOURISM INDUSTRY 14 E1 FEATURES OF THE TRAVEL AND TOURISM INDUSTRY 14 The National Tourist Boards (NTB's) 15 The Voluntary Sector 16 New Technologies 16 External Pressures 16 Currency Fluctuation 16 Legislation 17 Climate Change 17 Natural Disasters 17 War, Acts of Terrorism 17 Impact on Host Communities 17 Economic 18 Social 18 Environmental 18 E2 - SCALE OF THE UK INDUSTRY AND ITS ECONOMIC SIGNIFICANCE 20 Business Tourism 22 E2 - SCALE OF THE UK TRAVEL AND TOURISM INDUSTRY 23 Travel and Tourism Revenue 23 Contribution to the Balance of Payments 23 E2 - SCALE OF THE UK INDUSTRY AND ITS ECONOMIC SIGNIFICANCE 25 E3 A FULL EXPLANATION OF THE PRESENT STRUCTURE OF THE INDUSTRY 26 . Accommodation and Catering 27 Serviced Accommodation 27 Self Serviced Accommodation
