Monday, February 17, 2020
Statistical Parameters of the Company ABC Essay - 3
Statistical Parameters of the Company ABC - Essay Example As the paper stresses, sales in the second quarter in every year decreased with respect to the first quarter; however, it kept growing in q3, and q4. This implies the seasonal influence on sales of this product. Nevertheless, the general trend of sales per year demonstrates growth, which is also confirmed by the mean and median values displayed in Table 1 and Figure 3. Percentile and Quartile Comparison of Sales. The data set consists of 20 values. The company achieved 25 percentile in the fourth quarter of 2000; 50 percentile in the second quarter of year 2003, and 75 percentile in the third quarter of 2003. The study reveals that it took 14 quarters to achieve first 50 percentile while the company achieved the second 50 percentile in 6 quarters. The growth should be considered as fast starting from the year 2003. In this year, the company achieved 17% growth in the third quarter with respect to second quarter. The sample data set consists of 30 values and it shows a trend of sales through five years. The aforementioned section provided an analysis of past trend, which are displayed in tables and graphs. This section focuses on the evaluation of quarterly sales for the next two years based on the history of previous sales. The future sales prediction is performed using regression analysis and time series technique. Regression Analysis. Regression analysis prediction is based on the interdependency of two variables; one is independent and the other is dependent. In this study, sales are the dependent variables that follow a seasonal trend, which is displayed in Figure 5. The seasonal trend in this analysis is considered as independent variable.
Monday, February 3, 2020
Oswestry Mutual Insurance Essay Example | Topics and Well Written Essays - 3500 words - 1
Oswestry Mutual Insurance - Essay Example are thought to be above industry average cost per policy. The result has been Omi financial solvency, but only barely.          In 1991, the company decision-making process was highly centralized. The growth experienced by OMI in the mid to late 1980’s and the need to become more responsive to the dynamics of the industry, top management decided to change the operating structure. In 1991, they reorganized into 6 sectional-regional profit centers. The branch offices remained at 68, each branch office reports to a specific sectional profit centre and sectional office. The sectional office is responsible for approving all policies written and claims filed through both branch offices and the independent agents locat ed in that region.          The head office’s is suppose to establish overall corporate policy and provide support to 6 sectional offices. The head office in Oswestry and the sectional offices were organized on a functional basis. The functional units in all locations are: Premium Audit, Underwriting, Sales, Claims/Losses, Finance, Human Resources, Loss Monitoring and Support. However, even though the operational structure was decentralized, most of the information services still remain centralized in the head office, which includes related planning, control, budget authority and decision- making stays at the head office.          Computers were used, at first, for financial and statistical report production: standard MIS reports included, profit/loss, operations, claim data, loss ratios, andÂ
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