Free Essay

Number Based Decisions

In: Business and Management

Submitted By RobertCordrey
Words 466
Pages 2
The topics chosen for this writing assignment are word choice, persuasiveness, and technical depth. The proper and complete use of these topics will aid the writer in teaching the reader new subject matter. The use of poor word choice, lack of persuasiveness, and only a minimum of technical depth will prove to be detrimental to the learning process.

WORD CHOICE
Writing an article is proven to be a series of word choices. At times, writing can be very awkward for both the beginner and the professional. Choosing the correct spelling of a word is important to convey the correct message. Many words are pronounced the same but spelled differently. An example of this is the word site. The same pronunciation of this word is spelled cite, which has a different meaning than when it is spelled as site. The writer should also refrain from using words with unwanted connotations or meanings. Wordiness can be used to lengthen a writing making the task of understanding the writing more difficult or time-consuming.

LACK OF PERSUASIVENESS
The writer should use the correct tone to convey a message with the reader understanding the writer’s message. This could be done by using through explanations of various steps as necessary for the reader to understand the concept of the writing. The explanations can be in the forms of words, illustrations, or a combination of words and illustrations. For a writer to use persuasiveness, facts must be presented and all opinions are left out. When using facts, it is must easier for the reader to be in agreement with the writer. Opinions are usually very biased and judgmental for another person’s point of view. A well-written persuasive article is supported by the necessary facts to assist the writer in getting a point across to the reader.

TECHNICAL DEPTH
The degree of technical depth is dictated by the topic of the article. An article about Jack and Jill going up the hill would not need to include the sloop of the incline, the rate of ascent, the height above sea level to determine the gravitational pull, or other similar matters. On the other hand, if an article is about the storage of sensitive data, more depth that is technical is expected. The writer may assume that a reader will have a certain amount of technical knowledge, but not all readers are equal. A list of additional reading materials, a glossary, and a list of accepted acronyms should be provided to the reader as an addendum.
The use of proper word choice, persuasiveness, and technical depth are advantageous to the writer when used properly. When developing the outline for an article, the writer will construct a plan to convey the message so that all readers will understand the intention of the article.…...

Similar Documents

Premium Essay

Making Decisions Based on Demand and Forecasting

...Assignment 1: Making Decisions Based on Demand and Forecasting Assignment 1: Making Decisions Based on Demand and Forecasting ECO 550 January 24, 2013 Assignment 1: Making Decisions Based on Demand and Forecasting Page 1 I have been considering opening a Domino’s Pizza in my community within the Virginia Beach area. In this paper I will present to you, a data analysis and a forecast of Domino Pizza’s sales revenue that consist of the demographics within my community. These demographics consist of the population size, the average income per household and the independent variables which include the price in pizza and soda. This demand analysis will be used to give an estimated forecast that will assist in my business making decision technique, which will determine if it will be beneficial for me to open a Domino’s Pizza in my area. To determine if I will enter into the market place in Virginia Beach, I will research the reported demographic and independent variables that are relevant to complete a demand analysis that has been provided to me from different resources within my community. By using Excel to calculate, I will input the data that I have collected to create an estimated regression analysis. Once the calculation has been provided, I will be able to interpret the coefficient of determination, and how it has provided an influence on my decision to open the pizza business in my area. Variables. The......

Words: 694 - Pages: 3

Premium Essay

Making Decisions Based on Demand and Forecasting

... Myopic Addiction Demand Model 30 Rational Addiction Demand Model 30 Demand Specifications for Monthly Time-Series Data 30 Apply Instrumental Variable Techniques 31 Administer Specification and Diagnostic Tests 33 Coefficient Tests 33 Residual Tests 34 Specification and Stability Tests 36 Multicollinearity 38 Specification and Diagnostic Test Examples 38 Cross-Sectional Data 38 Understand the Limitations of Aggregate Time-Series Data 40 Investigate Individual-Level Demand Decisions 40 Define Key Variables 41 Specify Demand Functions for Cross-Sectional Data 46 Demand Models for Household or Individual Level Data 47 Expect Results for Quantitative Independent Variables 51 Expect Results for Qualitative Independent Variables 52 Pooled Time-Series and Cross-Sectional Data 55 VII. Review and Understand the Results 56 Calculate Elasticities of Demand 56 Conventional Demand Model 56 Addictive Demand Models 58 Expect Results for Quantitative Independent Variables 59 ...

Words: 36281 - Pages: 146

Premium Essay

Making Decisions Based on Demand and Forecasting

...Making Decisions Based on Demand and Forecasting Robyn Wilson Strayer University Econ 550 Assignment One January 31, 2013 Report the demographic and independent variables that are relevant to complete a demand analysis providing a rationale for the selection of the variables. Demographics are an important variable when choosing target marketing strategies. The variables are relevant to complete a demand analysis by providing a rationale for the selection of the variables. Whithin my area, Cross, SC, I am looking at local demographics and paying special attention to the following: • Age: Persons under 18 years percent 27.4% • Income levels: Average 39,779 per household • Persons below poverty level: 17.2% • Education: Bachelor degree age 25+ percent 13.1% • Housing: ownership rate 57.9% Making an informed analysis will inform you about the spending and eating habits of the people who live in the servicing area. Demogrphics give you a clear understanding of the areas behavior, values, cultures, interests and lifestyles of the community. Data research was consider because of the amount of time given for the assignment. The success of Domino’s opening a location in Cross, SC will depend on the factors listed above. Having a customer loyalty program that will have frequent customers that will come buy the products will help the company save on selling......

Words: 868 - Pages: 4

Premium Essay

Decision Based on Demand

...Making Decisions Based on Demand and Forecasting There are several demographic and independent variables which are relevant in completing a demand analysis for pizza in Loudoun County, Virginia. The first variable that I used in completing my demand analysis is the average cost per pizza in the Loudoun County, Virginia area. The average cost of pizza is imperative in completing a demand analysis, because consumers in Loudoun County, Virginia have several choices in pizza companies vying for their attention. The second variable that I used was the sales revenue for Domino’s Pizza domestic stores for the quarters ranging from the first quarter of 2010 to the first quarter of 2013. Once I obtained the sales figures for the quarters ranging from the first quarter of 2010 to the first quarter of 2013, I then divided the sales revenue in order to obtain the average sales revenue for each domestic store. In order to complete a demand analysis, and forecasting income for future periods one must be able to know the relationship between the average sales per store, and the consumers who are demanding the product. The third variable that I used in completing my demand analysis is median income for Loudoun County, Virginia. Median income is significant for two reasons; first one can tell if the median income can afford to purchase pizza if a new restaurant is established, and secondly one can review the trend in median income. Reviewing the median income trend provides significant......

Words: 302 - Pages: 2

Premium Essay

Making Decision Based on Demmand and for Forcasting

...Making Decision Based on Demand and For Casting Presented By: Earnest Lee Sims Presented By: Dr. Domino’s pizza is conducting data to decide to whether to open a store in Lake Providence, Louisiana. Domino’s pizza will complete an indept evaluation and research of this city to determine should they open up a store and the potential demand for the area. Domino will collect data and information on the following areas males, females, children, population, unemployment, and income and food environment. Upon collecting conduct a regression analysis. According to McCvigar. Moyer, and Harris stated that “given any particular value of (mana gerial economics, doll). We can therefore, assess demand for Domino pizza in Lake Providence, Louisiana on various factors such as population, education and food environment. Demographic and Independent Variables The new location of a new Domino’s pizza will be in Lake Providence, Louisiana 71254 which is located in East Carroll Parish, we will be conducting a demand analysis on Lake Providence being the only major city has a population of 3,848 in 2012 in East Carroll Parish in 2012 (city-data). The population also consists 1,728 or 44.9% males, 2,120 or 55.1% females, median resident age 31.0 years, income $19,650, number of grocery stores 3, and number of full services restaurants. Population and income will play a crucial role in Domino’s pizza decision to open up a chain in Lake Providence, Louisiana. According to McGigan, Moyer and......

Words: 549 - Pages: 3

Premium Essay

Making Decisions Based on Demands

...Making Decisions Based on Demand and Forecasting Latonya Woodrow Instructor Name: Dr.Samuel F. Onipede ECO 550 –Managerial Economics and Globalization July 21, 2013 College Students buy pizza in large quantities for a cheap price, but if the prices were to increase, then these same students may look for similar alternatives that will not empty their wallets.   These are possible alternatives that offer a large quantity of food at a reasonable price that can affect the demand of pizza.   However, monitoring the costs of the competing fast food restaurants in the Charlotte, North Carolina, area will allow Domino’s Pizza to offer certain specials and pizza deals to the community that can keep their demand at a high rate. A market demand analysis is used to help understand how much consumer demand there is for a given product or service.   This type of analysis will help determine if a business can successfully enter a market and generate enough revenue and profit to maintain the business.   One must identify the market and the growth potential. Domino’s Pizza was incorporated in 1963 and has been franchising since 1967.   A traditional Domino’s store is located in shopping centers and/or strip malls with appropriate parking for delivery vehicles and walk-in customers for carry-out services...

Words: 1234 - Pages: 5

Premium Essay

Assignment 1: Making Decisions Based on Demand and Forecasting

...Assignment 1: Making Decisions Based on Demand and Forecasting An Assignment Submitted by Name of Student Name of Establishment Class XXXX, Section XXXX, Fall 2013 Assignment 1: Making Decisions Based on Demand and Forecasting Regression analysis is the description about the relationship between two variables where one is dependent and the other is independent. Regression analysis (in statistics), generally, is about any techniques that facilitate modeling and analysis of several variables. It focuses on the relationship between a dependent variable and one or more independent variables (Sykes, 2000). To be specific, regression analysis allows understanding of the typicality of value of the dependent variable changes, while any one of the independent variables is varied. At the same time, the other independent variables must be fixed. Usually, regression analysis estimates the expectation of conditions connected to the dependent variable given the independent variables (Sykes, 2000). Thus, the average value of the dependent variable is calculated using condition that the independent variables are held fixed. Not that often, regression analysis focuses on a quantile, or other location parameter of the conditional distribution of the dependent variable given the independent variables. Nevertheless, the regression function is the estimation target, which is a function of the independent variables. In regression analysis, it is also......

Words: 608 - Pages: 3

Premium Essay

Making Decisions Based on Demand and Forecasting

...Running Head: DEMAND AND FORECASTING Making Decisions Based on Demand and Forecasting [bami] strayer University] Making Decisions Based on Demand and Forecasting The demographics used for the demand analysis are the average yearly income of the house hold in Georgia, the total yearly population, and average kids per house. The rationale behind choosing these demographics is that the demand is highly associated with the average income, and can have a great impact on the demand of the economy, for higher the income, the higher the spending ability of an average house hold. Therefore, it can also be said that the average income is directly proportional to the spending ability of an average house hold, whereas as far as total yearly population is concerned, demand is also associated with the total population, as for demand arises with rise in population. Average kids per house hold also have a strong link with demand. Considering the fact that pizza is highly popular among kids, and is the cause of its major demand. The other independent variables used for conducting a demand analysis are price of the pizza, and price of the soda. The rationale behind choosing these demographics is that the demand is also highly associated with price, as per the demand and supply law, the lower the price the higher the demand, and the higher the price, the lower the demand. Pizza and soda are two main products of a pizza restaurant...

Words: 1269 - Pages: 6

Premium Essay

Evidence-Based Decision Making and Discovery Paper

...Running head: Evidence-Based Decision Making and Discovery Paper Evidence-Based Decision Making and Discovery Paper Deanna Green Grand Canyon University: HLT 364 March 4, 2011 Science is a method of discovering, what is a mystery to us out in the universe; how those things may or may not impact the way we live in the future. Essentially scientific discovery is act of finding the truth through a process of speculation or steps. The nature of science is relatively vital and ongoing, expanding our knowledge of the world around us. Ensuring that the knowledge of science is credible, evidence is required to prove or disapprove the basis of the scientific argument. Scientific research is reviewed and constant evaluated and judge whether their conclusions are valid. “Test results and/or observations that may either help support or help refute a scientific idea. In general, raw data are considered evidence only once they have been interpreted in a way that reflects on the accuracy of a scientific idea”(University of California Museum of Paleontology, 2011). Evidence significantly impacts the scientist community in more ways than one; accepting established theories are harder to accept and must provide evidence to back up their claims, as hard data. Same is true with effective business planning, ideas must flow together and examine key objectives, as well rationale a chosen selection for an argument over other alternative ideas. Essentially business planning is......

Words: 972 - Pages: 4

Premium Essay

Information Based Decision Making

...| Information based decision making | Unit 5002V1 | | | 4/1/2015 | Task 1 (600-700 words): A.C.1.1 – Examine the nature of data and information Data comprises of factual information. Data are the facts from which information is derived. Data is not necessarily informative on its own but needs to be structured, interpreted, analysed and contextualised. Once data undergoes this process, it transforms in to information. Information should be accessible and understood by the reader without needing to be interpreted or manipulated in any way. Knowledge is the framework for understanding information and using it to inform judgements, opinions, predictions and decisions – a pyramidal relationship (See diagram 1) Diagram 1: There are 2 types of knowledge: 1) Explicit knowledge (“know that”) – derived from facts, easily communicated via hard data and facts and 2) Tacit knowledge (“know how”) – more of a personal framework informed by beliefs, schemata, mental frameworks, difficult to verbalise or write down, more based on process rather than factual content. In the field of knowledge management, tacit knowledge is individual specific and can be acquired without language through observation and practice. This type of knowledge is acquired through experience, and therefore from a knowledge management perspective, shared experiences are a key platform to share tacit knowledge. A clinical example: The Trust has a standard assessment proforma for new patients...

Words: 2953 - Pages: 12

Free Essay

Standard Based Decision Making

...Standard-Based Decision Making Courteney Alderman ETH/376 March 23, 2015 Juanita Davis Audit Opinions When performing an audit there are four different types of audit opinions that Green and Associates can provide when the audit has been finished. They can provide an unqualified, unqualified with explanatory paragraph, qualified, and an adverse opinion. * Unqualified opinion- An auditor can give an unqualified opinion when it comes to a company’s financial statements when the financials show their financial position, shows the results of their operations, and shows the company’s cash flows. This type of opinion can also be known as a clean opinion which means that the financials show to be presented fairly. * Unqualified with explanatory paragraph opinion- This type of opinion only happens when one of five situations are reported. When a justified departure from GAAP happens, when there is an inconsistent application of GAAP, when there is a growing concern, when there is an emphasis of a matter, and when there is a need to reference other auditors. * Qualified opinion- This type of opinion means that the auditor has taken an exception to certain current-period accounting applications or is unable to establish the potential outcome of a material uncertainty. Also meaning that the auditors’ reservations or has an uncertainty about how fairly the material is presented in some different areas of the financial statements. This opinion is stated qualified......

Words: 777 - Pages: 4

Premium Essay

Cmi 5002 Information Based Decision Making

...|Name: | |CMI Candidate Number: | |Centre: Premier Partnership | Unit 5002 – Information based decision making Assignment 1. Explain and provide examples of the differences between data and information, and describe at least three different sources of management data and information. Prepare a chart to evaluate the benefits and possible drawbacks of each source of information in terms of its usefulness in helping managers to make sound business decisions. Describe the selection criteria you would apply to ensure the quality and integrity of the data and information you use for decision-making. Give reasons for each selection criteria. This covers assessment criteria: 1. Examine the nature of data and information 2. Evaluate relevant sources of data and information 3. Discuss the criteria for selection of data and information Guideline word count: 450 - 500 1.1 Examine the nature of data and information Data can be described as facts and figures which relay something specific but that are raw and still need to be processed and organised. Data can be classified as......

Words: 1413 - Pages: 6

Premium Essay

Evidence Based and Decision Making and Discovery

...Evidence Based Decision Making and Discovery | |Compare |Contrast | |Quantitative Research |-Requires the collection, analysis, and |-Research is deductive, logical or | | |reporting of data. |reasonable. | | |-Reporting data consist of supplying |-A hypothesis is needed to begin research. | | |readers with participant information, data |- The researcher is ideally an objective | | |patterns, recognition of biases, and |observer that neither participates in nor | | |further research to be conducted |did influence what is being study (Barnes, | | |surrounding the topic. |2005). ...

Words: 653 - Pages: 3

Premium Essay

Decision Making Based on Mission and Vision of an Organization

...Decision Making Based on Mission and Vision of an Organization Donna Wahlmeier MHA 601 Professor: Martha Plant September 5, 2011 Decision Making Based on Mission and Vision of an Organization The following case study will be examined to find the best possible solution to the problem that will be in the best interest of the Community Medical Center. During this examination we will use the mission statement that will best fit the organizational. The president needs to make a decision that will benefit all involved and follow the mission statement that the organization stands by. The mission statement for Community Medical Center states: The mission of Community Medical Center is to improve the health of our community by providing high quality, caring, culturally appropriate primary health care that addresses the needs of people .In order to accomplish this mission in a way that is consistent with the values of the organization, programs and policies must be established. Medical Center is committed to maintaining and improving the health of all County residents. The Medical Center will provide comprehensive, high quality medical treatment, health promotion, and health maintenance through an integrated system of hospitals, clinics, and health services staffed by individuals who are responsive to the diverse cultural needs of our community. The Medical Center, as a training institution, is committed to maintaining an environment that is supportive of a wide......

Words: 1253 - Pages: 6

Premium Essay

Information Based Decision Making

...the criteria a manager will use for selection of data and information An explanation of how managers filter/evaluate which data/information is useful and what is not useful. 1.4 List and discuss local legislation/UK. Legislation that protect against the collection of data and information 2.1 state a few models Evaluate at least 2 of the models Examples - Adair model SWOT SPELT Rational model Pros & cons 2.2 Name/list of persons Examples of how they would analyze information to make a decision 2.3 list the methods of presenting decision made and valuated as least 2 methods – how a senior manager will present decision to - Board - Other Manager - Stake holder 3.1 evaluate how a middle manager will communicate the decision to the staff 3.2 discuss the process of implementing a communication method How would you put in place a communication method to share decision with others? Example - Meeting – what is the best time to have the meeting - E-mail – do everyone have and e-mail account / how often do they check the e-mail 3.3 evaluate on 3.2 How effective is the communication method to the organization Is it effective will it work...

Words: 250 - Pages: 1