Thursday, October 16, 2014

Business Research #2 - How to estimate demand (Entry #27)


What I got out of this article and how I am going to apply it:

  • Based on sales
    • I am basing my demand for this year's Terry Fox Run based on last year's sales - taking the number of participants and the number of hotdogs sold and then making it into a ratio. There is an estimated participant number for this year since people sign up online. I will include all the calculations in my business report.
  • Based on a survey
    • I also created a google form for people who want to order a hotdog. This link is included on the digital version of the poster so I can refer to the number of people and the number of hotdogs they want. 



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