Provide your outlook for the New York Taxicab industry.
Discussion questions for paper (3-5 pages, double spaced):
1) How does the New York taxicab industry work? What are the fixed versus variable costs? What is the profitability?
2) What are the growing pressures on the New York taxicab industry? Discuss Uber and Lyft, highlighting their fixed and variable costs as well, along with their profitability.
3) What is your short-term and long-term outlook for the New York taxicab industry? Is it time to invest here? Your analysis should look at the recent trends in taxicab medallion prices and your outlook on this front as well.
Your outlook should incorporate data on the ridesharing industry along with the New York Taxicab industry. Your modeling could be analytical, with graphs, or you can build a regression model. Some articles will be posted, but you should formulate your own independent forecast using the data available from the New York City Taxi and Limousine Commission (https://www1.nyc.gov/site/tlc/index.page), etc.
Please supplement with other material but be sure to list all your sources.