Consider the following from an estate agent’s business nationally: Month Houses Sold Jan 380 Feb 360 Mar 390 Apr 400 May 390 June 380 July 394 Aug 454 Sep 460 Oct 460 Nov 430 Dec 370 Calculate the three point moving averages (quarters) and seasonal variation for the above data Define moving averages and how they’re useful in forecasting (use Harvard referencing)
Consider the following from an estate agent’s business nationally: Month Houses Sold Jan 380 Feb 360 Mar 390 Apr 400 May 390 June 380 July 394 Aug 454 Sep 460 Oct 460 Nov 430 Dec 370 Calculate the three point moving averages (quarters) and seasonal variation for the above data Define moving averages and how they’re useful in forecasting (use Harvard referencing)
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
Consider the following from an estate agent’s business nationally:
Month |
Houses Sold |
Jan |
380 |
Feb |
360 |
Mar |
390 |
Apr |
400 |
May |
390 |
June |
380 |
July |
394 |
Aug |
454 |
Sep |
460 |
Oct |
460 |
Nov |
430 |
Dec |
370 |
- Calculate the three point moving averages (quarters) and seasonal variation for the above data
- Define moving averages and how they’re useful in
forecasting
(use Harvard referencing)
- At races, your horse, White Rum, has a probability of 1/20 of coming 1st, 1/10 of coming 2nd and a probability of ¼ in coming 3rd. First place pays $5,000 to the winner, second place $4,000 and third place $1,350.
Hence, is it worth entering the race if it costs $1050?
- Your company plans to invest in a particular project. There is a 40% chance you will lose $3,000, a 45% chance you will break even, and a 15% chance you will make $5,500. Based solely on this information, what should you do?
- On 1st Jan 2006, a business had inventory of $19,000. During the month, sales totalled $32,500 and purchases $24,000. On 31st Jan 2006 a fire destroyed some of the inventory. The undamaged goods in inventory were valued at $11,000. The business operates with a standard gross profit margin of 30%.
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