Possible F297 Exam Questions on Time Series Analysis – Verdant Ghar Ltd

We are currently working on the seminar material for the OCR F297 Strategic Management Case Study on Verdant Ghar Ltd and want to share a few further thoughts with you on possible time series analysis questions.

Question 1a)

Based on the 2 past paper questions on time series analysis (since June 2009), a numerical (ie 13 mark question) on time series for VGL is likely to be one that requires students to predict further into the future than 2015 Q3 and Q4 and for students to do this by drawing a line of best fit through the various trend points plotted on a graph to reach the relevant quarter to be forecast, and then deducting the relevant average cyclical variation calculated for this particular quarter to give a more accurate forecast.  

In terms of lines of best fit, when there is a lot of variation students can be advised to draw a shape around all trend points plotted on the graph, and then draw a line through the middle of the shape to give a roughly equal area on both sides.

Students may very well be given actual and / or trend figures for Q3 and / or Q4 on the day of the exam and asked to predict further into the future, and so obviously need plenty of practice using hypothetical figures.

Be careful not to assume Q1a will be a time series analysis question.  Although this is, perhaps, the most obvious 13 mark numerical question – calculation of liquidity and activity ratios are also standing out as strong contenders (as well as calculations relating to investment appraisal).

Question 1b)

Q1b is likely to be related to the calculations made in Q1a and so, if Q1a is on time series analysis Q1b may very well ask students to discuss the appropriateness of time series analysis in the context of the case study, which is clearly signposted as a possible question in lines 38-39 of the case study.  

Other Key Questions to be covered in our F297 Seminars:

Our 64 page analysis of the Verdant Ghar case study, which takes a good 3 to 4 weeks to write, has already covered the key issues raised in the case study and identified a range of possible questions that students could be asked.  Our F297 seminars build upon this analysis but focus on exam technique and how to demonstrate the skills required to secure high grades in relation to specific questions set.

Questions on Time Series Analysis will certainly be discussed in our F297 seminars, along with some of the other more obvious questions eg ‘Should VGL diversify into textiles recycling.  Justify your view’ and the ever present question on the impact of External Factors on the case study business, as well as those requiring students to ‘Discuss’ or ‘Recommend and justify’ a strategy to achieve a specific objective / address a particular problem facing VGL.  The seminars provide plenty of activities for students to get them thinking and writing responses to specific questions worthy of Level 3 and Level 4 marks.  

We hope you are having a good year.  Do let us know if you feel there is a gap in the market for specific resources relating to the new Business specifications that you would like to see developed to support you with your teaching, and if you have not enquired about our seminars there is still plenty of time to do so – these run from 11 April until the day before the exam.   

Claire Baker

Chief Writer, Editor and Director

Guidance on Possible Time Series Analysis for OCR F297

Question 1a) 

Based on the 2 past paper questions on time series analysis (since June 2009), a numerical (ie 13 mark question) on time series for VGL may very well require students to predict further into the future than 2015 Q3 and Q4 and for students to do this by drawing a line of best fit through the various trend points plotted on a graph to reach the relevant quarter to be forecast, and then deducting the relevant average cyclical variation calculated for this particular quarter to give a more accurate forecast.   

In terms of lines of best fit, when there is a lot of variation students can be advised to draw a shape around all trend points plotted on the graph, and then draw a line through the middle of the shape to give a roughly equal area on both sides. 

Students may very well be given actual and / or trend figures for Q3 and / or Q4 on the day of the exam and be asked to predict further into the future.  

Additional note: It is also unusual for the underlying trend to change direction so dramatically – students could, therefore, be given revised figures. 

You must, therefore, be prepared for a variety of questions and practice the technique using a range of hypothetical figures. 

Question 1b) 

Q1b is likely to be related to the calculations made in Q1a and so, if Q1a is on time series analysis Q1b may very well ask students to discuss the appropriateness of time series analysis in the context of the case study, which is clearly signposted as a possible question in lines 38-39 of the case study.   

Be careful not to assume Q1a will be a time series analysis question.  Although this is, perhaps, the most obvious 13 mark numerical question, calculation of liquidity and activity ratios are also standing out as strong contenders.  Other ratio calculations (see below) and calculations relating to investment appraisal – in the context of diversification – should also not be ignored.

OCR GCSE Business A293 Case Study on Aaron Furniture Ltd 2016

See our detailed Contents of the APT Complete Revision Buddy for OCR A293 – Aaron Furniture Ltd.  The revision buddy provides EVERYTHING you need from now until the examination.

“Your resource is outstanding and becomes the sole resource in my class from February to all the way to the exam day.”
Jillur Rahman, Woodbridge High School.

Click HERE for full details and to order or HERE to see a sample. 

Price: £65 + VAT for email or download (+ £2.50 for CD) for unlimited use at your school or college.

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Useful article for the BUSS4 Research Theme

 Amazon, Wal-Mart Lead Top 25 E-commerce Retail List - http://wwd.com/business-news/financial/amazon-walmart-top-ecommerce-retailers-10383750/useful article for the BUSS4 research theme – particularly bullet 4 on ‘Opportunities’ – talks about the fact that existing physical bricks and mortar businesses are well placed to use their existing network of physical outlets as distribution centres to support an online operation.

Our COMPLETE COMPANION INCLUDES ALL OF OUR BUSS 4 RESOURCES.  It is our best selling resource for AQA A Level (A2 GCE) Business Studies used by thousands of teachers and students across the UK. Centres told us what they wanted to see included and we fully took this on board to produce a resource that meets AQA centre requirements better than any other resource available for this particular exam.

APT’s Student Business Studies Seminars – OCR F297 Case Study and F293 Marketing

APT’s Student Seminars – held at your School/College

on OCR F297 Case Study and F293 Marketing

BOOK NOW

We are now taking bookings for our student seminars on OCR F297 Business Case Study, which are becoming increasingly popular, and also our seminar on unit F293 Marketing. 

These seminars are personally delivered by Claire Bakeran experienced examiner, who writes the F297 analyses and the F293 material and is the founder and Director of APT Initiatives.  The seminars will run from the 11th April up until the exam date. 

If you are interested in holding a seminar at your Centre, call us to obtain a quote on 01952 540877 or email us with a summary of your requirements including:

  • subject (ie F297 and / or F293)
  • length of seminar required (eg 2, 3 or 4 hours)
  • number of students involved
  • and if two or more seminars are required whether they are to be held on the same day.

These seminars provide an in-depth insight into what examiners are looking for and how to demonstrate this in the time available.  The ultimate aim is to help each student to achieve their maximum grade. 

“Claire came in to run sessions for our AS and A2 students on the case study units for OCR.  The sessions were spot on in terms of targeting exactly what the students need to know to do well in the exam.  All learners made a great deal of progress at all levels and the students left enthused and better equipped for the exams.  I would heartily recommend APT”. (Yavneh College – April 2015)

“I was lucky enough to meet Mrs Claire Baker the CEO of APT and sit in her F297 masterclasses, students were given lots of resources to take away!  Mrs Baker knows these case studies like the back of her hand and the lectures were well placed, informative and bursting with content.  We also bought the very comprehensive APT walkthrough guide for every student – they have found this useful in class discussions and it has saved our business department hundreds of hours of preparation”.  (S Hilton, Revision Station) 

Each F297 seminar covers the following: 

  • The structure and general requirements of the F297 paper, with emphasis on the importance of time management and planning questions carrying high marks.
  • The skills the examiner is looking for and how to demonstrate these skills.
  • How to move L2 (application) answers into L3 (analysis) and how easy it is in just a few sentences to hit L3.
  • The importance of concluding every question (carrying L4 marks) and what is required in a conclusion to secure these vital marks for evaluation.
  • Common mistakes to avoid when answering questions.
  • Model (Level 4) answers, to specific questions.
  • Top Tips on how to maximise performance

The F293 Marketing seminar will include: 

  • Outline structure of the F293 paper and type of questions asked.
  • Comprehensive list of the 4 mark, 6 mark, 13 mark and 18 mark questions asked in past papers.
  • Explanation of the skills examiner look for and how to demonstrate these.
  •  Overview of typical weaknesses to address.
  •  A range of calculation question activities.
  • Activities on each of the following:
    • how to answer in context.
    • The 6 mark analysis questions.
    • The 13 mark evaluate / discuss / recommend and justify question.
    • The 18 mark should…justify question.
  •  Key words and phrases to encourage higher level answers.
  • Final tips on Examination Technique / How to Maximise Performance.

Prices vary according to content, length, number of students involved, and travel distance.  Some Centres are able to pay for the seminar on behalf of the students; others divide the cost amongst the number of students involved.  If you only have a small number of students it may be worth you contacting a local school/college to see if they wish to share.

Request a Quote: to office@apt-initiatives.com

AQA A Level Business REVISION Resources

With 16 weeks left until the exam, we have 3 fantastic resources for BUSS4 revisionideal for this time of year.

Essential Revision Summariesan essential revision document for students consisting of 39  pages of relevant definitions, theory, concepts, data and, most importantly, real-life business examples and evaluative comments covering each aspect relating to the theme. £29 (+VAT) for unlimited use within the school/college

Revision Exercises / Informal Tests (with answers) on each aspect of the theme – includes:matchmaking (eg definitions), true or false, missing words, mini quizzes, read the article, give me a clue, sort the list and opposites activities – helping to test and consolidate knowledge and make revision fun£29 (+VAT) for unlimited use within the school/college

Mock Examination Papersa set of 3 mock papers with stimulus material (context), with a total of 6 questions to test students on each aspect of the theme in formal exam conditions. It includes detailed model answers and mark schemes£25 (+VAT) for unlimited use within the school/college

“Resources look fantastic again this year - loving the quizzes and the depth of research provided.” Downe House School. 

“This year was a fantastic results year using your material.  My AQA business student went from a predicted Grade E to a B on her Unit 4 paper and was just short of an A.” 
Jane Wood, Tutor. 

The above 3 resources are part of a set of several resources (our Complete Companion) designed for Section A of the AQA A2 Business Studies BUSS4 Examination.

The entire set of these resources (ie APT’s Complete Companion for the BUSS4 Theme) can be purchased at a discounted rate of £85 (+VAT). 

Check out our ‘blog’ posts with many interesting articles useful for the BUSS4 Theme, including ‘HOW TO tackle all the bullet points’ from the research brief.

Please click here to download free sample material for A Level Business Studies and Economics.

Order:

by email to office@apt-initiatives.com / online: direct from our website with a debit/credit card or by PayPal  (click here) / by phone with a school order number to 01952 540877