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Bidding For Timber
Pfeifer, Phillip E.; Brannman, Lance Case QA-0417 / Published January 31, 1996
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Product Overview

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. Students are required to build their own linear models.

  • Overview

    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. Students are required to build their own linear models.

  • Learning Objectives