Eco 550 Assignment

Domino’s Pizza is considering entering the marketplace in your community.

Conduct research about the demographics of your community, for example the

population size and average income per household, and other independent

variables, such as price of pizza and price of soda, for this assignment. By

conducting a demand analysis and forecast for pizza, you will be able to make a

decision whether Domino’s should establish a presence in your community.





Write a 3-5 page paper in which you:





    Report the demographic and independent variables that are relevant to

    complete a demand analysis providing a rationale for the selection of the

    variables.



 



    Using Excel or other calculation software, input the data you collected in

    criterion oneto calculate an estimated regression. Then, from the calculation

    provided, interpret the coefficient of determination indicating how it will

    influence your decision to open the pizza business. Explain any additional

    variables that may improve the coefficient of determination.



 



    Test the statistical significance of the variables and the regression

    equation indicating how it will impact your decision to open the pizza

    business.



 



    Forecast the demand for pizza in your community for the next four months in

    your community, using the regression equation including the assumptions that

    were used to create the demand. Justify the assumptions made related to the

    forecast.



 



    Based on the forecasting demand, determine whether Dominos should establish

    a restaurant in your community. Provide a rational and support for the

    decision.



 



    Cite at least two different government sources for the demographic

    information you collected.