Subject category:
Case Method and Specialist Management Disciplines
Published by:
Darden Business Publishing
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.
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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.