Purchase Solution

Model Building in Your Area of Business Specialization

Not what you're looking for?

Ask Custom Question

Provide some examples of model building in your area of business specialization. How well are these formed? Are they used effectively?

Support your answers in detail.

Purchase this Solution
Solution Summary

The solution provides examples of model building in the experts area of business specialization. How these are formed and if they are effective are analyzed.

Solution Preview

I am a marketing professional in the video game industry and we use regression models to forecast and predict the sales of a new game. Basically, the regression model looks something like this

Sales for new game = Constant #1 * Variable #1 + Constant #2 * Variable #2 + Constant #3 * Variable #3 + .....

Some of the variables in our model include things like:
(1) The predicted critic rating for the game from major game ...

Purchase this Solution
Free BrainMass Quizzes
IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

View More Free Quizzes
Related BrainMass Solutions

  • Business Research and Case Studies

    Provide some examples of model building in your area of business specialization. How well are these formed? Are they used effectively? Support your answers.

  • Conflict Resolution

    The problem ownership is that of locals who are store keepers and who may lose their business. Third example is that of agitation against the building of a new power plant in the area.

  • Defining and Analyzing a Business Problem

    The model is: Price = B0 + B1*Land Area + B2*Building Area Where: Price = Price for the warehouse space in dollars Land Area = Land area of the warehouse space in square feet Building Area = Building area of the warehouse space in square feet B0

  • Regression Statistics in Microsoft Excel

    The model is: Price = B0 + B1*Land Area + B2*Building Area Where: Price = Price for the warehouse space in dollars Land Area = Land area of the warehouse space in square feet Building Area = Building area of the warehouse space in square feet B0

  • economics

    For the H-O model, explain how it extends the Ricardian model, ie, how does it explain which country might have a comparative advantage in a particular area. Answer the rest of the questions one at a time.

  • Economics

    The consideration of the opportunity cost is helpful for the organization in evaluating the specialization area of the financial planners (Stretton, 2000).

  • Organizational Structure

    Explain. 2-Do other structural elements, such as work specialization and span of control, seem appropriate for the business selected? Why or why not? 3-Does the business use a mechanistic or organic model?

  • Organizational Structure Peer Review - Betty's Baby Boutique

    Does your classmate's business use a mechanistic or organic model? The business definately has a organic model or structure as most of the characteristics of an organic structure are present.

  • Logical Data Modeling

    Building and maintaining a logical data model for the business area allows the opportunity to provide this service. The logical data model is a picture of all of the pieces of information necessary to run the business.

View More Related Solutions