Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume you are VP of Analytics for Google. You recently prepared a review of market sales for various NAICS codes. These data were requested by

image text in transcribed
image text in transcribed
Assume you are VP of Analytics for Google. You recently prepared a review of market sales for various NAICS codes. These data were requested by the Google Executive Team who said they provided useful perspectives about the historical size, seasonality and trend of various markets. You've just learned that the Executive Team wants additional insights into what the future will look like for these NAICS codes. Specifically, you need refer to market size data from the US Census Bureau to provide/do the following: 1. a.) State one NAICS code of interest to you and its description (in the subject line is fine). 2. Use the spreadsheet associated with this Discussion Thread to calculate a forecast of sales for every month from July 2022 through June 2023. Your relevant range (i.e., the look-back) used to build your forecast model should be at least 24 months of actual data. Be sure to state the look-back you used to build your forecast. 3. Provide the "Next 12 Months" sales total, the "Past 12 Months" sales total, and the $ change and % change of the former compared to the latter. Also share the SMAPE value. Include any supplemental insights or charts to portray any perspective(s) generated by your analysis. 4. Draw insights from your analysis. 5. In one paragraph or less, summarize the outlook for your chosen market (i.e., NAICS code) based on your forecast. Assume you are VP of Analytics for Google. You recently prepared a review of market sales for various NAICS codes. These data were requested by the Google Executive Team who said they provided useful perspectives about the historical size, seasonality and trend of various markets. You've just learned that the Executive Team wants additional insights into what the future will look like for these NAICS codes. Specifically, you need refer to market size data from the US Census Bureau to provide/do the following: 1. a.) State one NAICS code of interest to you and its description (in the subject line is fine). 2. Use the spreadsheet associated with this Discussion Thread to calculate a forecast of sales for every month from July 2022 through June 2023. Your relevant range (i.e., the look-back) used to build your forecast model should be at least 24 months of actual data. Be sure to state the look-back you used to build your forecast. 3. Provide the "Next 12 Months" sales total, the "Past 12 Months" sales total, and the $ change and % change of the former compared to the latter. Also share the SMAPE value. Include any supplemental insights or charts to portray any perspective(s) generated by your analysis. 4. Draw insights from your analysis. 5. In one paragraph or less, summarize the outlook for your chosen market (i.e., NAICS code) based on your forecast

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Canadian Public Finance

Authors: Genevieve Tellier

1st Edition

1487594410, 978-1487594411

More Books

Students also viewed these Finance questions

Question

Why was humanistic psychology referred to as a third force?

Answered: 1 week ago

Question

=+What do you want them to think?

Answered: 1 week ago

Question

=+Why should they buy this product/service?

Answered: 1 week ago