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Case
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Reference no. UVA-QA-0417
Published by: Darden Business Publishing
Published in: 1991
Length: 7 pages
Data source: Published sources

Abstract

A forestry analyst must review the recent bidding history of 103 timber trees in order to prepare bids for future timber auctions. A regression analysis to predict highest competing bid and a decision analysis to select a bid to maximize expected profit might be used to prepare the case. The case requires students to build their own linear models.
Location:
Industry:
Other setting(s):
1977

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Abstract

A forestry analyst must review the recent bidding history of 103 timber trees in order to prepare bids for future timber auctions. A regression analysis to predict highest competing bid and a decision analysis to select a bid to maximize expected profit might be used to prepare the case. The case requires students to build their own linear models.

Settings

Location:
Industry:
Other setting(s):
1977

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