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Question 1 2 / 2 points A time series with forecast values and error terms is presented in the following table. The mean error (ME) for this forecast is: Month | Actual | Forecast | Error July 5 Aug 11 5 6.00 Sept 13 8.11 4.89 Oct 6 8.66 -2.66 Nov 5 7.862 -2.86 1) 1.67 vV ®)2) 1.3 1 8) .68 ) 4) 3.67 | 8) 2.87 Question 2 2 / 2 points In exponential smoothing models, the value of the smoothing constant may be any number between: /1) -1 and 1 ) 2) -5 and 5 ‘/.‘ 3) 0 and 1
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Related Questions
calculate a 3 month moving average for the following monthly sales data what is the forecast for the 7th month
Month sales forecast
jan 120
feb 150
mar 130
apr 160
may 180
jun 170
july
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Jan '20
0.68
Feb '20
0.76
Mar '20
1.6
Apr '20
1.47
May '20
0.98
Jun '20
1.18
Jul '20
3.59
Aug '20
3.33
Sept '20
4.31
Oct '20
3.84
Nov '20
6.97
Dec '20
7.7
Using data above please provide one qualitative and two quantitative (Simple and weighted moving average) monthly forecasts in the United States for the holiday season in 2021
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Bill's Bookstore is tracking its monthly demand for textbooks and has seen the following
demand pattern. Historical forecasts are also included.
MONTH FORECASTED DEMAND
ACTUAL DEMAND
April
150
165
May
220
210
June
215
200
July
245
250
August
205
225
Assess Bill's performance for the forecast in the table above using the Mean Absolute
Deviation (MAD). Only use the data for the months of April through August to calculate the
MAD.
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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
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QUESTION 3
Annual Fund Returns Over the Past 10 Years
Year
Return (%)
4.5
6.0
1.5
-20
3
4
15
6
7
19
20
0.0
45
3.5
2.5
5.5
4.0
10
Calculate the geometric mean retur over the 10 years. Give your answer in percent, rounded to two decimal places, so in
the format X.XX. Hint, the number zero is not used in the correct answer
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(Ch7) If the mean time between in-flight aircraft engine shutdowns is 12,500 operating hours, what is the 90 percentile on the distribution of the number of hours until the next shutdown? (hint: convert the mean time between events to the mean events per hour λ, then apply inverse exponential)
Question 7Select one:
a.
20,180 hours
b.
18,724 hours
c.
23,733 hours
d.
28,782 hours
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econometrics
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Paw Patrol Inc. manufactures toys for kids from 1 to 10 years old. The summary of toy sales by month in
2017 and 2018 is as follows:
Dt
April
May
2018
18600
Period
Demand
18716
June
19235
2017
September
19400
July
August
19500
October
18300
19753
November
17200
September
18320
December
14998
October
17652
2018
January
February
March
19800
November
16200
19555
December
15563
19800
What is the Mean Absolute Deviation (MAD), when using the weighted 4-period moving average
technique? Use weights of 0.6, 0.2, 0.1, and 0.1 for the most recent period, the second most recent
period, the third most recent period, and the fourth most recent period, respectively.
O 5445
O 1256
O 1555
O 4450
O 1140
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2. Montyboy Pet Shop ships boxed can dogfood anywhere in the country. Using the following
information, forecast the shipments for the first four months.
Seasonal Relative
Month
January
February
March
1.2
1.3
1.3
1.1
0.8
0.7
The monthly forecast equation being used is:
Yt = 402 + 3t
April
May
June
Where:
to = January last year
Yt = number of shipments
Month
July
August
September
October
November
December
Seasonal Relative
0.8
0.6
0.7
1.0
1.1
1.4
Question: Determine the trend amounts for the first four months of the next year assuming
January, t=24; February, t=25; etc.
Note: Round answers to whole numbers.
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Calculate the mean for each of the 4 quarters, stating the formula you would use for determining the mean for the first quarter’s forecasted revenue.
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When you solve full question I will give Thumb up ?
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Give typed explanation of both not a single word hand written otherwise leave it
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. The manager of Petro North gasoline service station wants to forecast the demand for unleaded
gasoline next month so that the proper number of gallons can be ordered from the distributor. The
manager has accumulated the sales data and forecast accuracy measures during the past 10 months,
which are shown in the table below. Fill all blank spaces in the table labeled a through f.
Month
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
3-month Simple
Moving Average
N/A
N/A
N/A
1310.00
1340.00
1443.33
1566.67
1800.00
a
1673.33
Sales
(in gallons)
1130
1360
1440
b
1670
1810
1920
1630
1470
1510
MAD
N/A
N/A
N/A
90.00
210.00
262.22
С
262.00
271.11
255.71
MAPD
N/A
N/A
N/A
0.074
d
0.167
0.172
0.159
0.167
0.159
MSE
N/A
N/A
N/A
8100
58500
e
94072
81038
84245
76021
CE
N/A
N/A
N/A
-90
240.00
606.67
960.00
790.00
f
310.00
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Sales in a company are $188 million in 2009 and increase $208 million in 2010. Compute the percentage increase in sales using the
usual formula
Compare this value to the approximation
The approximation performs (1)
percentage change increases.
100 x
(1) O better (2) O deteriorates
O worst
O improves
100 x
100 x
(Sales 2010 - Sales 2009)
Sales 2009
100 x [In (Sales2010) -In (Sales2009)]
(Sales 2010 - Sales2009)
Sales 2009
100 x [In (Sales 2010) -In (Sales2009)] = [
(Express your response as a percentage and round to three places)
Now, assume that sales in a company are $188 million in 2009 and increase $264 million in 2010.
=
(Sales2010 - Sales 2009)
Sales 2009
%
%
%
100 x [In (Sales 2010) -In (Sales 2009)] = [
(Express your response as a percentage and round to three places)
%
when the change is small. The quality of the approximation (2).
as the
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Define Forecasts and forecast errors in time series anaylsis?
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If excel work required then attached screenshot
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The investment multipier is 2 of the country now find the value of MPC.
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calculate the missing values and show the calculation
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Compute the percentage changes for the following
(enter your responses as integers):
Initial Value
100
50
10
New Value Percentage Change
112
54.0
12.5
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1. Prepare the scatter diagram and insert the trendline or line of best-fit. Use a scaleof 2 cm to represent 1,000 units on the x-axis & 2 cm to represent $50,000 on the y-axis.
2. Using the line of best-fit, determine the company’s fixed cost per month and thevariable cost per unit. (Use 0 & 5,000 units.)
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6. Given the following data set,25, 16, 18,16,20,20,24,30,20,40. What is the mean, median and mode.
22.9,20,20
20,26,21
26,20,21
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Prepare the scatter diagram, clearly showing any outliers.
list detailed how to prepare the diagram
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Question 3
The number of tons of brake assemblies received at an auto parts distribution center last month was 625.
The forecast tonnage was 650 for last month. The company uses a simple exponential smoothing model with
a smoothing constant of 0.46 to develop its forecasts. What will be the company's forecast for the next
month?
Add your answer
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ITY
SCENARIO 2-5
The following are the duration in minutes of a sample of long-distance phone calls made within the
continental United States reported by one long-distance carrier.
Relative
Time (in Minutes)
O but less than 5
5 but less than 10
10 but less than 15
15 but less than 20
20 but less than 25
25 but less than 30
30 or more
Referring to Scenario 2-5, if 10 calls lasted 30 minutes or more, how many calls lasted less than 5 minutes?
Select one:
Frequency
0.37
0.22
0.15
0.10
0.07
0.07
0.02
OA. 500
B. 10
OC. 295
D. 185
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Can you explain what these two belows mean in regard of GMM and Maximum likelihood. What are we calculating and what is it used to
Unconstrained optimizationConstrained optimizatio
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Calculate the mean of the projected annual revenues of the 7 countries. Show full working for the mean calculation.
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A buyer for an electrical component is searching for a supplier who has the best combination of low price, low order cycle time and low order cycle variability.Current uage for the component is 100 units per day. the buyer received data on four potineital suppliers
(table)
Based on the order cycle time, variability and unit price data provided in the table, which supplier should be awarded the component business?
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Dependent Variable: Pass
Experience
Male
Malex Experience
Constant
Probit
Logit
(1)
(2)
0.031
0.040
(0.009) (0.016)
0.712
(0.126)
Linear
Probability
(3)
0.006
(0.002)
1.059
0.774
(0.221) (0.034)
Probit
(4)
-0.333
(0.161)
1.282
(0.124)
Logit
(5)
-0.622
(0.303)
2.197
(0.242)
Linear
Probability
(6)
-0.071
(0.034)
0.900
(0.022)
Probit
(7)
0.041
(0.156)
-0.074
(0.259)
-0.015
(0.019)
0.806
(0.200)
Problem 1. (~SW 11.2) Using the results of column (2):
(a) Does the probability of passing the test depend on Experience? Explain.
(b) Matthew has 10 years of driving experience. What is the probability that he will pass the test?
(c) Christopher is a new driver (zero years of experience). What is the probability that he will pass
the test?
(d) Sketch the predicted probabilities from the probit and logit regressions in column (1) and (2)
for values of Experience between 0 and 60. Are the probit and logit models similar?
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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?
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14. Suppose that the inflation rate is expected to be 3% in the near future. Using the
historical data provided in this chapter, what would be your predictions for
1. The T-bill rate
2. The expected rate of return on the stocks portfolio
3. The risk premium on the stock market
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- calculate a 3 month moving average for the following monthly sales data what is the forecast for the 7th month Month sales forecast jan 120 feb 150 mar 130 apr 160 may 180 jun 170 julyarrow_forwardJan '20 0.68 Feb '20 0.76 Mar '20 1.6 Apr '20 1.47 May '20 0.98 Jun '20 1.18 Jul '20 3.59 Aug '20 3.33 Sept '20 4.31 Oct '20 3.84 Nov '20 6.97 Dec '20 7.7 Using data above please provide one qualitative and two quantitative (Simple and weighted moving average) monthly forecasts in the United States for the holiday season in 2021arrow_forwardBill's Bookstore is tracking its monthly demand for textbooks and has seen the following demand pattern. Historical forecasts are also included. MONTH FORECASTED DEMAND ACTUAL DEMAND April 150 165 May 220 210 June 215 200 July 245 250 August 205 225 Assess Bill's performance for the forecast in the table above using the Mean Absolute Deviation (MAD). Only use the data for the months of April through August to calculate the MAD.arrow_forward
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- Calculate the mean for each of the 4 quarters, stating the formula you would use for determining the mean for the first quarter’s forecasted revenue.arrow_forwardWhen you solve full question I will give Thumb up ?arrow_forwardGive typed explanation of both not a single word hand written otherwise leave itarrow_forward
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Recommended textbooks for you
- Managerial Economics: Applications, Strategies an...EconomicsISBN:9781305506381Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. HarrisPublisher:Cengage Learning
Managerial Economics: Applications, Strategies an...
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ISBN:9781305506381
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