Homework 4 Essay Example | Topics and Well Written Essays - 1000 words

Homework 4 - Essay Example entified that; organization is a place where in different departments work together in order to contribute in the long run productivity of the company as a whole (Beasley, M et al. 2009). Marketing department is one of the most important departments from the standpoint of an organization because it usually deals with the inflow and outflow of funds of a company. There are certain things that come under the ambit of marketing management. The main perspective of this assignment is to analyze the thing accordingly and by applying regression tools on the same. The company which has been chosen for the same is Ashland Multicomm Services, which is a internet service provider with telephone cables and internet cables. Forecasting is one of the most important things from the standpoint of a company and from the standpoint of a thing is well. Forecasting is the process of making statements about events whose actual outcomes (typically) have not yet been observed. A commonplace example might be estimation of some variable of interest at some specified future date. Prediction is a similar, but more general term. Both might refer to formal statistical methods employing time series, cross-sectional or longitudinal data, or alternatively to less formal judgmental methods. The forecasting process which has been judge by the company is not at all perfect and it is under severe criticism because the company has not judge and measures the consequences of the project on the company’s productivity. There are number of things which can be taken into consideration, other than that the telemarketing hours spending, which predominantly are the effects of the same on the net profit and revenue recognition of the company as a whole. The company has to consider the effects of the same in total, merely to analyze the same. A statistical measure that attempts to determine the strength of the relationship between one dependent variable (usually denoted by Y) and a series of other