The following table contains yearly data on the price of beef from 2022 to 2024:YearPrice of Beef($/Kg)358202220232024Forecast the price of chicken for 2025 using the following methods:1. A 3-Year moving average method;2. A simple exponential smoothing method (use a=0.5);8. A simple linear trend model.

The following table contains yearly data on the price of beef from 2022 to 2024:Forecast the price…

Answered: The following table contains yearly…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Consider the following data: Month Jan-14 Feb-14 Profit ($) 16,113 16,263 Monthly Profit of an Auto Repair Shop Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 15,055 17,117 18,763 17,210 19,141 18,468 20,254 Step 3 of 4: Determine the exponential smoothing forecast for the next time period using a smoothing constant of 0.35. If necessary, round your answer to one decimal place.
.A new, miracle diabetes drug that diminishes major symptoms of diabetes has been approved by the FDA. Health care professionals and researchers believe that the new drug will prolong lifespan of diabetes patients. If the population is in steady state and the incidence is constant, what will the effect of this new drug be on the prevalence of diabetes in the population? Explain.
12) The following results are an autoregression for US Exports to Mexico where the dependent variable is the lagged value of US Exports. a) Fill in the table b)Based on these regression results, what is your forecast of US Exports to Mexico for March 2005? c) Which of the two forecasts do you think is more accurate? Explain.
The survivorship curve indicated by the graph best represents a curve, and is common in populations of Life Stage O a. Type l, marine invertebrates O b. Type Il, fishes Oc. Type l, humans o d. Type II, birds O e. Type l, plants % Surviving
Stock Market Listed on the top of the next page in order by row are the annual high values of the Dow Jones Industrial Average for each year beginning with 1990. Find the best model and then predict the value for the year 2014 (the last year listed). Is the predicted value close to the actual value of 18,054?
18
Period 1 2 3 4 5 6 7 Actual 42 41 39 43 45 F ? ? 2 2. Using the same table above, compute the weighted moving average forecast for demand for four latest period. With data using a weight of .40 for the most recent, .30 for the next recent, .20 the next, and .10 for the oldest. Assume actual demand for period 6 is 44, what is the forecast for period 7?
The figure below illustrates monthly data over 10 years. What method would you expect would perform the best at forecasting the data series in period 121? Explain the (i) strengths of your selected method for this data and the (ii) weaknesses of alternative methods for this data. Consider the concepts of level, seasonality, trend, and noise in your answer.
In Table L-1, the total value of imports of Indonesian goods and services from China for the 2010-2019 period is reported on a quarterly basis. With this data you are asked to analyze it with the Trend model and Seasonal Index. Question: a. Calculate a moving average with the average period length of 4 or MA (4) [why four?] And put the results in a column. Beware of selecting the rows to place the average result. b. Calculate the moving average with the length of the average period is 2 from the data in column MA (4) and the result is given the symbol MA (2x4) and the result is placed in a column. Beware of selecting the rows to place the average result. c. Calculate the ratio to the Moving Average (Y / MA (2x4)) and place it in a new column! d. Calculate a seasonal index and interpret the results! e. Create a Deseasonalized data series and place it in a new column! f. Plot the Dessasonalized data series and read the long-term movement patterns of data! Remember that understanding of…
Plot the sales revenue figures and appropriate trend line on a graph and identify from this the choice of model for working out the seasonal component. Using the appropriate seasonal model, complete the calculations that are required to produce the required forecasts for quarters 1, 2, 3 and 4 of 2021. On the basis of your analysis explain the recommendation that you would make to ALAW Ltd regarding its future plans.

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