Publications by Chris West
Best practice 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. Understanding economics will help you understand The reason why companies gain and lose sales...
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Real world applications 1
Company Grappone. Characteristics of the company Grappone is a private company that specializes In automotive body, paint, and interior repair and maintenance, As well as buying and selling new and used vehicles. The company was founded in 1999 in Concord New Hampshire, And now services many different makes and models of vehicles such as Ford, H...
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Best practice 2
## # A tibble: 1,096 × 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 applications 2
## # A tibble: 384 × 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 practice 3
Chater Openning Questions Managers need to know: Managers need to know what causes recessions and Downturns in order to properly prepare themselves for the future. They must also know the signals for recessions In order to help provide evidence for the Potential recession. Summary Causes of Recessions How it works Associated Recessions monetar...
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Real world applications 3
Economic Dashboard Market Indicators Economic Indicators What is your reading of the economy? After reviewing many different charts, and many different market and economic indicators, I do not believe that we will go into a recession anytime soon. The reason for this conclusion is that based on the market indicators There usually is a pretty d...
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Best practice 4
Chater Openning Questions A manager needs to monitor The price of inputs in the price of outputs. This is because the difference between the two is the profit margin, or degree to which the company is making a profit. The facts about inflation Volatility: CPI < PPI Finished Goods < PPI Intermediate Goods < PPI Crude Materials Price Growth: CPI ...
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Real world applications 4
Economic Dashboard Grappone outputPrice = Consumer Price Index for All Urban Consumers: New Vehicles in U.S. City Average inputPrice = Producer Price Index by Industry: New Car Dealers: New Vehicle Sales Bank of New Hampshire outputPrice = Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity inputPrice = Market Yield on U.S. ...
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Best practice 5
Chater Openning Questions A manager needs to monitor: your vulnerability to recession employee wages strengths and weaknesses of national business industries cost benefit analysis Summary Managing through the Business Cycle Steps Description Assess vulnerability to the recession “How vulnerable is our company to recession or a slowdown in s...
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Real world applications 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? For the company Grappone, sales in the industry decline rapidly shortly before, and during our session, and increase...
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