solve within 30 mins Consider the data below:MonthJanFebMarAprMayJunJulAugSepOctNovDemand259319214289349274334199349349349Predict the demand for December using 4-period moving average.a. 415O b. 270O c. 264O d. 349O e. 311

To compute 4 month average for December Use the four months before it. Average Aug, Sep, Oct and Nov…

Answered: Predict the demand for December using…

Business

Economics

Predict the demand for December using 4-period moving average.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: Calculate profits if total revenue is $350 and the total cost is $310

A: If we are given with the value of total revenue and total cost of the firm, then this can helps us…

Q: A publisher for a promising new novel figures fixed cost (overhead advances promotion copy editing…

A: Total cost is the sum of fixed cost and variable cost. Fixed cost are the cost that doesn't change…

Q: Q=15-5p what is p and q intercept

A: the intercept is mainly used to measure the slope of the line. When Q = 00 = 15 - 5pp = 15/ 5p = 3…

Q: major league baseball plans to sell special commemorative jerseys for the world series. the…

A: C(x)= 10x2-680x-20,000 MLB plans to sell them for 120 dollars each

Q: Which is NOT a quantifiable measurement (business metric)? Easy to calculate Repeatable…

A: There are generally two kinds of market metrics: quantitative and qualitative measures. It is…

Q: Draw graph if n is 20 and p is 0.60

A: Given: Number of trials (n) = 20 Probability of success (p)=0.60

Q: For what purpose is the MACRS method used?

A: The MACRS (modified accelerated cost recovery method) is a program of depreciation used in the US…

Q: i n 1 2 3 4 5 10% P/F 0.9091 0.8264 0.7513 06209 P/A 0.9091 2.4869 3.1699 3 7908 P/G 0 0.8264 2.3291…

A: Cumulative interest implies the total amount of interest that accrues over time on a principal sum…

Q: Carson used $800 000 of their savings to open a coffee shop. The savings account paid 2% interest.…

A: We know that the economic profit is the difference between the total sales revenue of output and the…

Q: PLS HELP ASAP ON BOTH

A: 2. The correct answer is c) bevel gauge.A bevel gauge is a tool used to measure and transfer angles,…

Q: Only typed answer and please don't use chatgpt otherwise I downvote the answer Q = 12S1/2P-2. Q is…

A: Q = 12S1/2P-2 Q is the number of newspapers sold and S is a number of inches of news printed. The…

Q: A city centre tour guide currently charges $27 for a full day's tour. The average number of…

A: Price = $27 Daily customers = 32 Fall in customers for $1 price increase = 3

Q: A company has developed a linear trend equation that can be used to predict annual sales of its…

A: The estimated equation for annual sales is Here is annual sales at year t from now.Annual sales…

Q: Calculate the profits when total cost is $2900 and the total revenue is $3300

A: # The difference between the total revenue and the total cost incurred by the firm gives the profits…

Q: T/F The fixed cost incur at even zero level of output.

A: Cost in economics refers to the expenditures spent by a company or manufacturer during the…

Q: What is the fixed cost? $[ What are the Variable Costs? $[ If the merchandise is very popular among…

A: The fixed cost can be calculated by subtracting the variable cost from the total cost. The variable…

Q: Give me an example How Efficient are Graphical techniques – scatter plots for Estimating Costs?

A: A scatter graph is a graph that shows how a cost varies at different movement levels. From a scatter…

Q: If total cost is $320 and output is 4 units Calculate AC

A: The information being given to us is:- Total cost of the firm = $320 Output = 4 units We have to…

Q: Find the value of APC when APS is given as 0.01

A: Generally in the given question Value of APS is = 0.01 We need to calculate the APC =?

Q: A company produces and sells a consumer product and is able to control the demand by varying the…

A: Given demand function is p=38+2700D-5000D2 Note D>1 Total fixed cost =$1000 and variable…

Q: Suppose the price of a bottle of water is $5. Use the black line (plus symbol) to draw a price line…

A: Supply in economics refers to the quantity of a good or service that producers are willing and able…

Q: A popular buffet has two types of customers. Type A who are willing to pay $25 but only eat for $15,…

A: The revenue of the firm is the total amount that the firm earns by selling the products at the given…

Q: Whats 89.7÷23

A: Given: 89.7÷23

Q: None

A: Step 1: Step 2: Step 3: Step 4:

Q: the amount of cereal consumed by a member in a hotel varies directly as their number if 900k of…

A: Here, it is given that the consumption of cereal by 50 members is 900kg. To find: total number of…

Q: Find net profit if total revenue is $1000 and total cost is 30% of Total revenue

A: The data presented in the question above is:- Total revenue = $1000 Total cost = 30% of total…

Q: Find total revenue generated by firm if profit is $550 and the total cost is $300

A: The data presented in the question above is:- Profit = $550 Total cost = $300 Using this information…

Q: Calculate profits if total revenue is $6500 and the total cost is $2300

A: Answer: Given, Total revenue = $6500 Total cost = $2300 Profit = Total revenue - Total cost Profit =…

Q: How does a solar cell work? Explain every single compound of the solar cell in detail. Show…

A: Step 1: A solar cell, also known as a photovoltaic (PV) cell, is a device that converts light energy…

Q: The bacteria in a culture grows by 5% in the first hour, decreases by 10% in the second hour and…

A: Following is the given information: Initial bacteria count, P = 50000 Time = 3 hours Now it is…

Q: If total cost is $320 and output is 4 units Calculate AC

A: Average cost (AC), also known as average total cost (ATC), is the average cost per unit of output.

Q: New ads have been proposed and cost the company $5000 to run in each time slot. If the extra sales…

A: To determine how many ads should be run, we need to find the number of ads that will maximize the…

Q: Garret bought a leather football that cost $22. He then bought 10 more footballs for his friends.…

A: Total Cost : TC (F) = a + b*F a : intercept term b : slope term

Q: How would the Autonomous Vehicles technologies affect workers (e.g., productivity, employment…

A: For economists, technology is everything that makes production of goods faster, better, or less…

Q: In an order fulfillment facility, the shipping lead time is estimated to be 3-5 days from receiving…

A: This seemingly straightforward indicator assesses your company's ability to meet client demand. A…

Q: AVC=10-0.03Q + 0.00005Q2 TFC=60 What is the MC Function?

A: The marginal cost refers to the change in total cost when the firm produces one more unit of output.…

Q: Construct a transportation tableau for the following transportation problem and find an initial…

A: The North-West Corner Method is a simple heuristic used to find an initial feasible solution for…

Q: On a tour guide map of Madagascar, the scale states that 3 inches represents 125 miles. Two beaches…

A: 3 inches= 125 miles

Q: u (x1, x2) = x1x2 What is the value of MRS(4, 20)? (Don't forget to include a minus sign in your…

A: Given Utility function:u(x1,x2)=x1x2 .... (1) We have to calculate the marginal rate of…

Q: how much if a barrel of oil does costs Chevron to produce for sale in the crude oil market, without…

A: According to a 2022 report by Rystad Energy, the average cost of production for a barrel of oil for…

Q: Calculate profits if total revenue is $6500 and the total cost is $2300

A: The information being given to us is as follows:- Total revenue = $6500 Total cost = $2300 The…

Question

solve within 30 mins

Consider the data below:
Month
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Demand
259
319
214
289
349
274
334
199
349
349
349
Predict the demand for December using 4-period moving average.
a. 415
O b. 270
O c. 264
O d. 349
O e. 311

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2 - Table

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Calculate the value of total revenue if total cost is $6500 and profits are $800
A car wheel making company has the following data related to cost: Total Cost = $ 15000 + 1000X and Total Revenue = 2500X, where X is the number of wheel. Plot the Total Cost and Total Revenue on the graph.
The following are the P/E ratios (price of stock divided by projected earnings per share) for 20 banks. 50, 19, 22, 21, 25, 18, 31, 21, 19, 14, 15, 18, 17, 34, 29, 23, 14, 18, 22, 22 Send data to calculator Find 20" and 75" percentiles for these ratios. (a) The 20th percentile: (b) The 75th percentile:| Continue Cip 40 4- %23 %24 3. 6. 7. R. 00 %24
Jenkins Ltd manufactures remote control cars which sells for $500 each. The fixed cost is $70000 and the variable cost per unit is $300. Jenkins sold 200 units of car. Find the total cost and total revenue for Jenkins Ltd.
Define the term Routine Annual Maintenance Costs?
I can not get 7.2, 7.8 or 8.3 when I do the calculations. How did you get them?
Find TR if p is 8 and q = 10
Show all the steps
How is MC calculated? 300 for the first MC is incorrect.
Find profit level of total revenue is $2490 and total cost is $2100
Data analysis, please show all work A company makes a laser product. The product is well made, but is expensive to manufacture. As indicated, the product is well made, so 98.7% of lasers function as advertised. However, 1.3% are returned for being defective. For each laser they manufacture, the company makes $204 in profit. However, when the product is defective, it costs the company $1340 (in shipping refunds, repair, etc). How much can the company expect to make (or lose!) each time they sell a laser?
Calculate the value of Average revenue for 4 units sold when the total revenue is $100