The number of Bankruptcies will continue to rise as the years go by. Domestically, losing the big 3 to U.S affiliates of foreign-based manufacturers and imports in 2008 have caused a dramatic 50% drop in the market share. Most US suppliers are dependent on these three companies aforementioned.S suppliers are currently facing the challenge of penetrating automakers supply chains, mostly because these relationships have been long-established with home-market supplies. Ted Ralley is the director of a marketing research for a manufacturer of spare automobiles parts and it’s working on conducting a forecast for the upcoming year. Ted is aware of the forecasting errors and how costly they can be which is why these numbers must be as accurate as possible. In order to perform this forecast, Ted has collected the data on quarterly sales for the previous four years and ran several forecasts using time series forecasting methods. Ted noticed that economic activity and oil prices have impacted significantly the auto part sales and decided that the forecast will be more accurate using econometric variables. There is decline in the auto sales of ted relly company. The marketing director decided to make a future forecast of the sales so as to be able to see the future of the company. Tedd Ralley uses two regression model the model with econometric factors and model without econometric factors. Sales Forecast Of The Automotive Parts for Ted Rallley's Company.
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