FORECASTING THE DEMAND FOR EMPLOYEES THROUGH REGRESSION

Group 4

Sneha Kumar (A) 06

Sagnik Sengupta 08

Ayushi Rastogi 24

Purti Sheth 35

Jainisha Shah 36

Meghna Dua 54

PESTEL ANALYIS OF FORD MOTORS LTD

ECONOMICAfter the depression in 2008-09, Ford recovered by innovating

fuel efficient vehiclesFord attained profitability by

catering demand in developing markets (China, India & South-

east Asia)

SOCIO CULTURALDeveloped nations - fuel-efficient

and alternatively powered vehicles

Developing nations- Mid ranged, fuel efficient cars

TECHNOLOGICAL & ENVIRONMENTAL

Constant pressure from govt. led to manufacture eco-friendly

vehiclesUse of modern & innovative

by competitors

LEGALLaw suit regarding patent

Governmental intervention & policies

DATA OF EMPLOYEES AND SALES OF FORD MOTORS LTD

Regression

FORMULA DATA

YEARSALES(in

lakh)EMPLOYEES(in

lakhs)   

  x y x2 xy

2012 811 1.65 6577211338.1

5

2013 850 1.75 722500 1487.5

2014 879 1.81 7726411590.9

9

2015 915  215286

24416.6

4

2016 948      

Calculation

Mean(x) 846.6666667

Mean(y) 1.736666667

Therefore,b = 0.0023

Therefore,a = 1.74 – (0.0023)*846.67

a = - 0.26

PREDICTED SALES

x

EMPLOYEESy= a + b(x)

y=-0.26+0.0023*x

Approximate

915 1.898256513 1.9

948 1.976292585 1.97

Dash Board showing the demand of employees from 2012 - 2016

YEAR SALES(in lakhs) EMPLOYEES(in lakhs)

  x y

2012 811 1.65

2013 850 1.75

2014 879 1.81

2015 915 1.9

2016 948 1.97811

850

879

915

948

2010 2012 2014 2016 2018

YEAR

SALES

Graph depicting relationship between sales and employees of Ford Motors LTD

811 850 879 915 9481.4

1.5

1.6

1.7

1.8

1.9

2

SALES (in Lakhs)

EMPLOYEES (in Lakhs)

THANK YOU