Answered step by step
Verified Expert Solution
Question
1 Approved Answer
submit a two paragraph description of the eight procedures. This should serve as a description of the process you will follow developing Lowes strategic forecast
submit a two paragraph description of the eight procedures. This should serve as a description of the process you will follow developing Lowes strategic forecast plan.
Company Pro-Forma Strat Plan 8 Step Building Process 1. Company Revenue (Y) and Characteristics This must be done first! 2. Form a Company Revenue Eco Hypothesis To Identify Important Macroeconomic X Variables and Their Characteristics 3. Test the Hypothesis with Early Regression Y = a + B1X1 + B2X2 4. Forecast each X variable using X variable historical Data (Expo Smoothing, Decomposition, ARIMA) We will address this beginning next week. 5. Select the Best Forecast for each X variable ! 6. Revise the Early Regression Model (from 3 above) to best Fit the Company Revenue and Test the Model 7. Use the Regression Forecast with Company 10K to create a Pro- Forma Financial Strategic Plan 8. Comment on the plan Financial Results and Make Recommendations for Company Performance Improvement Company Pro-Forma Strat Plan 8 Step Building Process 1. Company Revenue (Y) and Characteristics This must be done first! 2. Form a Company Revenue Eco Hypothesis To Identify Important Macroeconomic X Variables and Their Characteristics 3. Test the Hypothesis with Early Regression Y = a + B1X1 + B2X2 4. Forecast each X variable using X variable historical Data (Expo Smoothing, Decomposition, ARIMA) We will address this beginning next week. 5. Select the Best Forecast for each X variable ! 6. Revise the Early Regression Model (from 3 above) to best Fit the Company Revenue and Test the Model 7. Use the Regression Forecast with Company 10K to create a Pro- Forma Financial Strategic Plan 8. Comment on the plan Financial Results and Make Recommendations for Company Performance Improvement Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started