I.Annual cost of company 'X' from 2015-2019 as follows:Annual cost(£000)8.2Year20152016201720188.58.48.88.72019a) Using 2016 as the base year (=100), find the index numbers for cost of the company 'X' over thewhole period. Show step-by-step calculations.b) If the index is 108.92 for year 2018, calculate the cost of the base year.c) If the index is 93.75 for year 2019, calculate the cost of the base year.d) Using appropriate examples, explain the importance of Consumer Price Index (CPI). (

Answered: I. Annual cost of company 'X' from…

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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Year Quarter Revenue 2005 Qtr1 5,196 Qtr2 6,300 Qtr3 6,027 Qtr4 5,541 2006 Qtr1 5,109 Qtr2 6,455 Qtr3 6,402 Qtr4 5,895 2007 Qtr1 6,065 Qtr2 7,695 Qtr3 7,652 Qtr4 7,293 2008 Qtr1 7,360 Qtr2 9,035 Qtr3 8,299 Qtr4 7,015 2009 Qtr1 7,130 Qtr2 8,212 Qtr3 8,015 Qtr4 7,468 2010 Qtr1 7,700 Qtr2 8,655 Qtr3 8,407 Qtr4 10,475 Quarter 2005 2006 2007 2008 2009 2010 Qtr1 5,196 5,109 6,065 7,360 7,130 7,700 Qtr2 6,300 6,455 7,695 9,035 8,212 8,655 Qtr3 6,027 6,402 7,652 8,299 8,015 8,407 Qtr4 5,541 5,895 7,293 7,015 7,468 10,475 (b) State the model found when performing a regression using seasonal binaries. (A negative value should be indicated by a minus sign. Round your answers to 4 decimal places.) yt = + t + Q1 + Q2 + Q3 (c) Use the regression equation to make a prediction for each quarter in 2011. (Enter your answers in millions rounded to 3 decimal places.) Quarter Predicted Q1 Q2…

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