Using formula of Q=n*q*p: Q is total market demand; n is number of buyers in the market; q is quantity purchased by an average buyer per year; p is price of an average unit. In this case, n is the number of representatives which is 300; q is the revenue from federal aid which is 90%; and p is 30% recruitment of military veterans increase in one year. So Q=300*0.9*0.3=81 people. Then 81 people *$10 billion= $810 billion estimated total market demand in this chain ratio method. Based on the data of the U.S. Census Bureau reports in 2010 and 2014, the percentage of military veterans 25 years and older with bachelors’ degree has increased 1.2% in 5 years. Hence, I assume that there will be 28.4% in 2019. At this point, there will be 81*(1+1.2%)=91 people and $910 billion market potential in
Using formula of Q=n*q*p: Q is total market demand; n is number of buyers in the market; q is quantity purchased by an average buyer per year; p is price of an average unit. In this case, n is the number of representatives which is 300; q is the revenue from federal aid which is 90%; and p is 30% recruitment of military veterans increase in one year. So Q=300*0.9*0.3=81 people. Then 81 people *$10 billion= $810 billion estimated total market demand in this chain ratio method. Based on the data of the U.S. Census Bureau reports in 2010 and 2014, the percentage of military veterans 25 years and older with bachelors’ degree has increased 1.2% in 5 years. Hence, I assume that there will be 28.4% in 2019. At this point, there will be 81*(1+1.2%)=91 people and $910 billion market potential in