You are using exponential smoothing to forecast demand. For September, suppose you forecasted 165 units and actually sold 178 units. If you use an alpha value of 0.2. what will be the exponential smoothing forecast for October?
Q: Don't use ai to answer I will report your answer .. Solve it Asap with all steps explanation
A: Based on the Production Possibilities Frontier (PPF) graphs for Canada and Mexico, we can determine…
Q: None
A: To calculate the marginal cost of the sixth unit of output, we need to determine the difference in…
Q: None
A: Here's why:Scarcity and Trade-offs: The table represents a production possibilities schedule (PPS)…
Q: None
A: ReferencesNdou, E., & Gumata, N. (2023). Effects of Government Debt on Output, Household…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Important Concepts used, and other Basics:Dominant strategy: A strategy or a decision by a player is…
Q: I need answer typing clear urjent no chatgpt used i will give upvotes
A:
Q: I need typing clear urjent no chatgpt use i will give 5 upvotes Full explanation pls help
A: Busbars are essentially high-voltage conductors that act as a central connection point for various…
Q: Give exact answer without photo answer and take a like
A: The question inferred from the provided text asks about demonstrating and labeling the Production…
Q: None
A:
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Approach to solving the question: Detailed explanation: Examples: Key references:
Q: Please show how to solve this You consider buying a lot on which you will build a small apartment…
A: Part (a): Calculate the value of the lot using the traditional approach.The traditional approach…
Q: Freedonia has a comparative advantage in the production of production of ' , while Lamponia has a…
A: Freedonia has a comparative advantage in the production of Potatoes, while Sylvania has a…
Q: Freedonia has a comparative advantage in the production of production of ' , while Lamponia has a…
A: In economics, the concept of comparative advantage refers to the ability of a party (an individual,…
Q: Don't use ai to answer I will report your answer Solve it Asap with explanation
A:
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: To determine the number of ways to arrange 5 items in a straight line on your display table, you…
Q: None
A: Step 1:Nominal Interest (r) = 12%,No. of interest period (m) = 12 Step 2:R = 12%, M = 12;i/yr = (1+…
Q: Please describe the “bank's mandate” and its purpose. Explain threeways/senses in which the term…
A: Here's a detailed explanation for better understanding. A bank's mandate refers to the specific set…
Q: Draw the following isoquants: a. In the production of chips, three machines and one person can…
A: 5-step explanation of the solution: Part (a): Production of ChipsStep 1: Identify the given…
Q: The total demand for money is equal to the transactions demand plus the asset demand for money. 1.…
A: Question 1:The transactions demand for money can be calculated using the equation:[MT=VPY]where:- (…
Q: None
A: Option a: The founders envisioned Congress as having a leading role in the new government because…
Q: None
A: Brainstorming may be encouraged through creating an environment where there is no criticism. The…
Q: in text form with proper workings and explanation for each and every part and steps with concept and…
A:
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Approach to solving the question: the explanation is also mentioned please see it carefully.…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Option a: This option is incorrect because in an equilibrium market, firms typically earn zero…
Q: The following shows a market for a monopoly 18 16 22111201 14 8 PRICE 642 20 20 MIC MR ATC 40 60 80…
A: Step 1: How much will the monopoly charge depends on the profit maximizing quantity. It is value of…
Q: Pls help ASAP
A: Scenario 1: Client Demolishing and Replacing Cottage In this scenario, Berwyn should consult a…
Q: Figure 25-1. On the horizontal axis, K/L represents capital (K) per worker (L). On the vertical…
A: Option a: This option is correct because if both the quantity of physical capital (K) and the number…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Step 1: According to the image, a change from point b to point a could be caused by an increase in…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: The producer surplus is what the producer gets more than its minimum acceptable price. In graphical…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: To find the profit-maximizing quantity and price for the cartel, we will calculate the total revenue…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: To find the slope of the supply curve given the information, we need to use the formula for the…
Q: Suppose that there are only 3 industries in the economy and that the input coefficient matrix is as…
A: a. Impact MultipliersThe impact multipliers can be derived from the Leontief inverse matrix, which…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: In perfect competitive market, the profit-maximising output for a firm is where its marginal…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Step 1Opportunity Cost : Opportunity cost alludes to the worth of the following best option…
Q: None
A: The participation rate increases when more people, including John, start looking for a job because…
Q: What is the proof of the Gauss-Markov theorem for OLS? Select one: a) The proof is based on showing…
A: Gauss-Markov Theorem states that the OLS estimator β^ is the best linear unbiased estimator (BLUE)…
Q: QUESTION 20 Price Ps F PA W P3 G 0 HB P₂ LLI E M Z J S V Q₁ SMC Demand PMC Quantity Q₂ Refer to the…
A: The graph depicts the social marginal cost (SMC), private marginal cost (PMC), and demand curves,…
Q: Chemistry
A: First, we need to calculate the net short-term capital gain or loss. This is done by subtracting the…
Q: What is the single most important issue in your community?
A: Approach to solving the question:Step 1: Build more affordable homes.To solve the problem of…
Q: Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation with…
A: Step 1: For (a) :To find V(t), the quadratic model representing the per capita consumption of fresh…
Q: TOPIC: The response of the self-regulating economy. I need help! Please and thank you. Fill in the…
A: Suppose there is a sudden decrease in government purchases that causes a shift in aggregate demand…
Q: give a specific ethical situation you have already encountered or may encounter in the future.…
A: An example of a future contingency could be if someone in the IT sector, who has administrative…
Q: Use the table to answer the following questions. The marginal, or additional, gain from Clancy's…
A: Comparison:1st hour working on problems: 60 problems2nd hour working on problems: (Estimate 45…
Q: If South Africa increased its production by 1,000 diamonds while Russia stuck to the cartel…
A: A cartel is a group of independent market participants who collude with each other in order to…
Q: Rival in consumption is another term for rivalrous. a)A sports team t-shirt b)The air we breathe…
A: In economics, a good or service is considered rival in consumption (or rivalrous) if its consumption…
Q: TOPIC: The labor market and the three states of the economy
A: Concept regarding the Institutional and Physical PPF (for your knowledge) An economy cannot operate…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Step 1:Option D is correct answer, Because the rise in corn feed would lead to a rise in the price…
Q: TOPIC: Questioning the classical position
A: 1. Explanation for Question 1:The statement "the economy quickly adjusts to a long-run equilibrium"…
Q: The motivation for making investments is largely driven by the goals you have. These goals could be…
A: Financial Analysis for Larry's Retirement Savings Plan Initial Investment Growth Over 40…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: If player 2 chooses Left, player 1 chooses down Why? Because $6 > $4, and, if player 2 chooses…
Step by step
Solved in 2 steps
- AD has estimated the following demand relationship for its product over the last four years, using monthly observations: ln Qt = 4.932- 1.238 ln Pt + 1.524 ln Yt-1 + 0.4865lnQt-1(2.54) (1.38) (3.65) (2.87)R2= 0.8738where Q = sales in units, P = price in Rs., Y is income in Rs,000, and the numbers in brackets are t-statistics.a. Interpret the above model.b. Make a sales forecast if price is Rs. 9, income last month was Rs. 25,000 and sales last month were 2,981 units.c. Make a sales forecast for the following month if there is no change in price or income.d. If price is increased by 5 per cent in general terms, estimate the effect on sales, stating any assumptions.Based on the information in the following table, use the Exponential Smoothing Approach (a = 0.5) to forecast the demand for periods 4-11 PERIOD MONTH Demand Forecast Jan 89 2. Feb 151 89 3 Mar 60 120 4. Apr 107 May 131 9. Jun 140 7 Jul 71 8. Aug 94 sep 102 10 Oct 119 11 NovA manufacturer of entertainment centers uses the completion of new homes as part of their demand forecast. They consider that for every five homes that cost over $300,000 in the city, they make one sale. For every 20 new homes that cost over $150,000 but less than $300,000 in the city, they make one sale. Their projected demand for the future period, before they consider home sales, is for six entertainment centers. They now receive home figures of ten new homes of over $300,000 and 40 new homes of $150,000-$300,000. What should their new forecast be?
- kad has estimated the following demand relationship for its product over the last four years, using monthly observations: ln qt = 4.932- 1.238 ln pt + 1.524 ln yt-1 + 0.4865ln qt-1 (2.54) (1.38) (3.65) (2.87) r 2= 0.8738 where q = sales in units, p = price in rs., y is income in rs,000, and the numbers in brackets are t-statistics. a. interpret the above model. b. make a sales forecast if price is rs. 9, income last month was rs. 25,000 and sales last month were 2,981 units. c. make a sales forecast for the following month if there is no change in price or income. d. if price is increased by 5 per cent in general terms, estimate the effect on sales, stating any assumptions.A company selling widgets has found that the number of items sold, x, depends upon the price, p at 90000 which they're sold, according the equation z = (0.6p + 1)? Due to inflation and increasing health benefit costs, the company has been increasing the price by $0.06 per month. Find the rate at which revenue is changing when the company is selling widgets at $8 each. Revenue is decreasing by dollars per month Hint: Give your answer as a positive value.A company selling widgets has found that the number of items sold, x, depends upon the price, p at which 70000 they're sold, according the equation a = (0.6p + 1)? Due to inflation and increasing health benefit costs, the company has been increasing the price by $0.03 per month. Find the rate at which revenue is changing when the company is selling widgets at $3 each. Revenue is decreasing by dollars per month Hint: Give your answer as a positive value.
- Use exponential smoothing with a smoothing constant of 0.3 to forecast the demand for fertilizer in year 12. Assume that last period's forecast for year 1 is 5,000 bags to begin the procedure. Bags are shown in 1,000's in table below. Year Demand (Bags) 6 3 4. 4. 5 10 6 8. 7 7 8 9 12 10 14 11 15 O A. 14.00 ОВ. 14.87 OC. 11.79 O D. 13.67 Click to select your answer. tUs I MacBook Air 80 F3 888 * ES F4 44 F7 F2 F6 F8 >) FIO F11 @ #3 24 4 & 2 6. 7 8 9. 0. W R Y U P. F G H %3D K C V N alt command command option * coBell Greenhouses has estimated its monthly demand for potting soil to be the following: Assume this trend factor is expected to remain stable in the foreseeable future. The following table contains the monthly seasonal adjustment factors, which have been estimated using actual sales data from the past five years: MONTH ADJUSTMENT FACTOR (%) March +2 June +15 August +10 December −12 a. Forecast Bell Greenhouses’ demand for potting soil in March, June, August, and December 2007. Answer b. If the following table shows the forecasted and actual potting soil sales by Bell Greenhouses for April in five different years, determine the seasonal adjustment factor to be used in making an April 2008 forecast. YEAR FORECAST ACTUAL 2007 500 515 2006 452 438 2005 404 420 2004 356 380 2003 308 3205. Exercise 5.5 A firm experienced the demand shown in the following table. Fill in the table by preparing forecasts based on a five-year moving average, a three-year moving average, and exponential smoothing (w = 0.9 forecasts may be begun by assuming Y t+ F Yt •) and w = 0.3 ). (Note: The exponential smoothing Moving Average Actual Demand (5-year) (3-year) Exponential Smoothing (W = 0.9) Year (W = 0.3) 2000 900 2001 885 900 900 2002 875 2003 870 887 ▼ 2004 870 877 ▼ 2005 875 880 872 Y 2006 885 875 872 2007 900 875 877 2008 920 880 887 - 2009 945 890 902 Y 2010 905 922 The following table shows the square errors, (Y; - T1-) , for forecasts from 2005 through 2009. Fill the table by calculating the root mean square error (RMSE) for each of the methods. Square Error Exponential Smoothing Moving Average Year (5-year) (3-year) (W = 0.9) (W = 0.3) 2005 25 9 25 25 2006 100 169 100 36 2007 625 529 256 361 2008 1,600 1,089 484 1,089 2009 3,025 1,849 729 2,304 RMSE Based on the RMSE criterion,…
- In the past four years, the annual returns of one company’s stockare 12%, 18%, and –14%, and 7%.a) What is the geometric average return? b) What is the arithmetic average of the returns? c) According to an economist’ forecast on the Year 2020, the probabilities of repeatingthe performances of the former four years are 30%, 30%, 20%, and 20%, respectively.What is the expected return of the stock in the Year 2020A department store is about to order deluxe, standard, and economy grade DVD players for next year's inventory. The state of the nation's economy (fate) during the year will be a factor on sales for that year. Records over the past 5 years show that if the economy is up, the store will net 4, 2, and 1 million dollers, respectively, on sales of deluxe, standard, and economy grade models; if the economy is down, the company will net -2, 1, and 4 million dollars, respectively, on sales of deluxe, standard, and economy grade models. Complete parts A through D below. The expected value of the game to the company if it orders only deluxe DVD players and fate plays the strategy "Down" is | (Simplify your answer.) The expected value of the game to the company if it plays its optimal strategy and fate plays the strategy "Down" is (Simplify your answer.)Direction: Complete the table below to find the 60h percentile for the following se of data. Data Find the position of Find P60 P=(n+ 1)th Px100 1. 20, 22, 25, 32, 35 P60 = 20-2 20122 2. 49, 50, 55, 55, 60, 67 P60 = 3. 18, 19, 20, 22, 25,27, 29, 30, 32 P60 = Direction: Read the questions carefully. Encircle the letter of the corre