STAT TECH IN BUSINESS & ECON AC
18th Edition
ISBN: 9781264731657
Author: Lind
Publisher: MCG
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Question
Chapter 18, Problem 15E
a.
To determine
To draw: The graph of the given time series.
b.
To determine
To describe: The time series pattern.
c.
To determine
To explain: The reason that forecasting with a trend model is appropriate for the given time series.
d.
To determine
To calculate: A trend forecasting model using simple linear regression and the MAD.
e.
To determine
To state: The predicted annual change of industry sales.
f.
To determine
To calculate: The sales for the next three years.
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Over the years the U.S. grocery distribution and sales industry has grown. Today, the total industry sales are in the billions of dollars. Major retailers, such as Walmart and Target, added food to complement their merchandise sales and Amazon recently purchased Whole Foods. For many companies, forecasts of industry sales are necessary information to plan for short- and long-term decisions. Using the total U.S. grocery store annual sales in millions of dollars (https://www.census.gov/retail/index.html#mrts) in the following table, respond to the following items.
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this information if the company contacts 900 potential donors to donate at the $100 level or below
E Click the icon to view the percentages of donors and gift levels.
C.....
3 Philanthropist
$5,000
11
=B3*C3
4 Producer's Circle
$1,000
25
=B4*C4
5 Director's Circle
$500
49
=B5 C5
6 Principal
$100
8%
=B6*C6*$B$9
7 Soloist
$50
14% =B7*C7*SB$9
8.
9 Solicitations
900
10 Total Donations
=SUM(D2:D7)
Enter the values in the model.
(Type integers or decimals. Do not round.)
B
D
Average Number
of Gifts
1 Gift Level
Amount
Donations
2 Benefactor
$10,000
3 Philanthropist
$5,000
11
4 Producer's Circle
$1,000
25
5 Director's Circle
$500
49
6 Principal
$100
8%
ns?
7 Soloist
$50
14%
8.
9…
Chapter 18 Solutions
STAT TECH IN BUSINESS & ECON AC
Ch. 18 - Prob. 1ECh. 18 - Prob. 2ECh. 18 - Prob. 3ECh. 18 - Prob. 4ECh. 18 - Prob. 1SRCh. 18 - Prob. 5ECh. 18 - Prob. 6ECh. 18 - Prob. 7ECh. 18 - Prob. 8ECh. 18 - Prob. 2SR
Ch. 18 - Prob. 9ECh. 18 - Prob. 10ECh. 18 - Prob. 11ECh. 18 - Prob. 12ECh. 18 - Prob. 3SRCh. 18 - Prob. 13ECh. 18 - Prob. 14ECh. 18 - Prob. 15ECh. 18 - Prob. 16ECh. 18 - Prob. 17ECh. 18 - Prob. 18ECh. 18 - Prob. 4SRCh. 18 - Prob. 19ECh. 18 - Prob. 20ECh. 18 - Prob. 21ECh. 18 - Prob. 22ECh. 18 - Prob. 23CECh. 18 - Prob. 24CECh. 18 - Prob. 25CECh. 18 - Prob. 26CECh. 18 - Prob. 27CECh. 18 - Prob. 28CECh. 18 - Prob. 29CECh. 18 - Prob. 30CECh. 18 - Prob. 31CECh. 18 - Prob. 32CECh. 18 - Prob. 33CECh. 18 - Prob. 34CECh. 18 - Prob. 35CECh. 18 - Prob. 1PCh. 18 - Prob. 2PCh. 18 - Prob. 3PCh. 18 - Prob. 1.1PTCh. 18 - Prob. 1.2PTCh. 18 - Prob. 1.3PTCh. 18 - Prob. 1.4PTCh. 18 - Prob. 1.5PTCh. 18 - Prob. 1.6PTCh. 18 - Prob. 1.7PTCh. 18 - Prob. 1.8PTCh. 18 - Prob. 1.9PTCh. 18 - Prob. 1.10PTCh. 18 - Prob. 2.1PTCh. 18 - Prob. 2.2PTCh. 18 - Prob. 2.3PT
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