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
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
How liberal were Gladstone's domestic reforms during his first ministry?
How liberal were Gladstone's domestic reforms during his first ministry? Gladstone became Prime Minister for the first time in 1868, by winning the majority in the government. Gladstonian Liberalism united all members of the party and gave ordinary people hope and optimism to change their future. During his first ministry he introduced major reforms and policies which drastically changed the country, some of these included the reorganisation of the educational and civil services, rearrangement of the judicial system and the licensing act; he was also involved in developing Ireland and her political reform. Some of his policies supported his ideals of the government; however others contradicted his initial promises. Gladstonian Liberalism was based on principles which were to create a stronger and efficient government. Gladstone wanted to give all individuals freedom to manage their affairs without interference of the state and enable them to trade without restrictions. He believed that the state should involve itself as seldom as possible, and should not interfere with the economy or decide what should be taught in schools. Gladstone wanted to create a competent and cheap government with low taxes and rates, and didn't want to invest money in the public sector and instead to rely on private donations. Liberalism supported the idea of promotion by talent rather than
Is Iago The Perfect Villain?
Othello Essay 'Is Iago the perfect villain?' Few Shakespearian villains radiate evilness and jealously quite as much as Iago, the unbeknown nemesis of the play's title character, Othello. In other plays written by the bard of Avon the villains can come across as one-dimensional- weak, personified by a flaw in their genetic make-up or unattainable ambition yet Iago is a far more complex and compelling character. True, he has the power to both betray and murder those he once worked alongside, but Iago isn't the complete cold-blooded murderer in the same sense of Macbeth or King Claudius from Hamlet. True, he meticulously plans the death of Cassio but he plans it to be by hands of Rodrigo, his puppet. In the end opportunity presents itself to Iago and he seizes the moment to stab Cassio in the back but the blow fails to kill him. Iago also reveals a moral conscience through his three soliloquy's which I will explore in more detail later. In short Iago is like no other of Shakespeare's villains which makes him an utterly compelling and absorbing character. And like the other characters in the play, Iago delights in absorbing us, the viewer... The tragedy of Othello was believed to have been first performed in the early 1600's and is one of Shakespeare's more famous plays. The play is also rich in historical context and features the Moorish race heavily, leading many to believe
¿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
Illustrate how to promote service users` rights and responsibilities.
Assessment Objective One Illustrate how to promote service users` rights and responsibilities. In care settings the term quality practice is used to describe the promotion of service users` rights, which are essentially the same rights that are afforded to everyone else, such as the right to marry and freedom of expression; Care workers must actively promote the rights of service users in order to maintain quality practice. For this assignment I am going to discuss three rights that service users have; the right to make complex decisions, to make their own choices and to dignity and privacy, and why it is important that these rights are upheld. In the latter part of this assignment the tensions that can arise in care settings will be examined, as well as possible solutions. Service users have the right to make complex decisions Service users should be encouraged to make decisions for themselves and must always be consulted on matters that will affect them. If a carer makes decisions for a service user without first gaining their input, then this would be in violation of the service users` individual rights under article three of the Human Rights Act, (Fisher, 2006). If a service user has difficulty with making decisions then they could benefit from having an advocate appointed. An advocate could be someone close to the service user, such as a friend, family member or
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
Chemistry Investigation on neutralisation reaction.
Chemistry Investigation on neutralisation reaction Plan Neutralisation is the reaction that occurs when an acid has its acidity, that is its hydrogen ions removed by, another chemical containing OH- hydroxide ions. Chemicals that can cancel out an acid in this way are: bases (metal oxides or hydroxides), alkalis (bases that dissolve), metals (e.g. magnesium) or metal carbonates (e.g. marble chips) All of these have a similar way of removing the hydrogen from the acids (they swap it or their metal atoms) but the reactions are quite different. They will all get quite hot if the acid is strong enough, but only the last two will make bubbles. Metals form hydrogen gas, carbonates make carbon dioxide. All of them will leave a neutral chemical after the reaction has finished, if all the acid has been used up. Titration is a technique used to calculate the concentrations or amounts of substances. In an acid base titration you may have an acid that you don't know the concentration of, and a base whose concentration you do know. The technique is to measure out accurately a volume of the alkali of unknown concentration into a flask, and fill up a burette with the acid. Add some indicator solution to the acid in the flask, so that when all the acid has reacted with the base, there will be a colour change. The burette is graduated. You then open the tap on the burette and let the acid
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
