Publications by Chris Volak
Best Practices 1
Chapter 1 It’s Not Just about Forecasting The following are the key points in the chapter. Elaborate on each point in at least 30 words. Understanding economics can help you to diagnose the causes of increases or decreases in sales volumes and costs. Knowing issuing going on in an economy such as the supply chain issue we are seeing today, is...
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Application Exercise #1
Grappone Automotive Group Grappone Automotive Group started back in 1924 in Concord NH by Rocco and Emmanuella Grappone when they bought a Gulf serice station. Eventually after many years Rocco turned the company over to his sons, who moved the operation to Bow where it still continues today. Taking care of their customers and community is one o...
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Best Practices 2
## # A tibble: 1,104 × 5 ## # Groups: symbol [8] ## symbol date price change text ## <chr> <date> <dbl> <dbl> <glue> ## 1 GDPC1 1947-01-01 2034. NA 1947.1, ## Growth: NA ## 2 GDPC1 1947-04-01 2029. -0.00267 1947.2, ## Growth: -0.3% ## 3 GDPC1 1947-07-01 2025. -0.00207 1947.3, #...
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Real World Application 2
## # A tibble: 386 × 5 ## # Groups: symbol [2] ## symbol date price change text ## <chr> <date> <dbl> <dbl> <glue> ## 1 GDPC1 1947-01-01 2034. NA 1947.1, ## Growth: NA ## 2 GDPC1 1947-04-01 2029. -0.00267 1947.2, ## Growth: -0.3% ## 3 GDPC1 1947-07-01 2025. -0.00207 1947.3, ## ...
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Best Practices 3
Chater Openning Questions Managers need to know: How to anticipate recessions Summary Causes of Recessions How it works Associated Recessions monetary policy The Fed can slow the economy by tightening monetary policy, which decreases the money supply and/or raises interest rates. Higher interests reduce economic activity by increasing financin...
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Real World Application 3
Economic Dashboard Market Indicators Economic Indicators What is your reading of the economy? Based on the charts shown to me, it is hard to officially say that a recession is around the corner. The next few months are going to be very important and will probably show whether or not we will go into a full recession. The housing market chart ha...
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Best Practices 4
Chater Openning Questions A manager needs to monitor: Prices of major inputs and outputs. The facts about inflation Volatility: CPI < PPI Finished Goods < PPI Intermediate Goods < PPI Crude Materials Price Growth: CPI > PPI Finished Goods > PPI Intermediate Goods > PPI Crude Materials There are thousands of specific indexes to choose from. So i...
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Real World Application 4
Economic Dashboard Grappone outputPrice = Consumer Price Index for All Urban Consumers: New Vehicles in U.S. City Average Output Prices have generally stayed the same since 2013. This was until May of 2021, almost exactly a year after producer prices started to spike. It eventually reached its peak of 13.2% increase in April of 2022 and has slo...
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Best Practices 5
Chater Openning Questions A manager needs to monitor: Asses the companies vulnerability to recession. Sketch out a contingency plan for dealing with recession. Build flexibility in the day-to-day operations Develop an early warning system for identifying coming downturns. Summary Managing through the Business Cycle Steps Description Assess vu...
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Real World Application 5
The vunerability assessment Analyze the data for your client company’s industry and answer the following questions. How much have sales in the industry declined in the recession? What’s the worst that has happened in the past? Does the industry go into recession before, at the same time, or after the national economy goes into recession? If ...
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