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TOTAL REVENUE (Dollars) On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $30, $45, $60, $75, $90, $105, and $120 per scooter. 1460 1320 1180 1040 900 760 620 480 340 200 0 15 30 45 60 75 90 105 120 135 150 165 180 195 PRICE (Dollars per scooter) Total Revenue (? According to the midpoint method, the price elasticity of demand between points A and B is approximately Suppose the price of scooters is currently $45 per scooter, shown as point B on the initial graph. Because the demand between points A and B is a $15-per-scooter increase in price will lead to in total revenue per week.

I Consider the demand for trading cards listed below. Month Demand Jan. 51,000 48,000 Feb. March 55,000 April May 58,000 66,000 June 69,000 80,000 July Aug. 95,000 Use Excel to prepare a forecast for September, October, and November using linear regression Print out the sheet of results, as well as a sheet containing the formulas that you used ( can be used to toggle between displaying values and displaying formulas or you can click on Formulas>Formula Auditing→Show Formulas.) and for the cars is 16.000

In the past Peter Kelles tire dealership in Baton Rouge sold an average of 1100 radials each year. In the past 2 years 220 and 240 respectively were sold in fall 360 and 320 in winter and 140 and 160 in spring and 300 and 460 in summer. With a major expansion planned, Kelle projects sales next year to increase to 1300 radials.  Based on next years projected sales the demand for each season is going to be (enter your responses as whole numbers)                    Season        Demand                      Fall               272                     Winter          [__]

Part C 3. The manager of a certain gasoline station wants to forecast the demand for the unleaded gasoline next month so that the proper number of gallons can be ordered from the distributor. The manager has accumulated the following data demand for unleaded gasoline from sales during the past eight months. Month Gasoline Demanded (gallons) Mar 900 Given that the forecast for March is 920. Apr 755 May 650 Jun 550 Jul 625 Aug 730 Sept 820 Oct 1 100 a. Compute the exponential smoothed forecast for the demand from April to November. Use a = 0.25. b. Compute the exponential smoothed forecast for the demand from April to November. Use a = 0.45. c. Plot the actual demand and the forecasts determined in part a and b on the same graph and compare them. d. Make a comparative analysis out of your answers in the plotted data. (3-5 sentences)

The monthly demand of a company is showed below, please use the static method to forecast the demand for Year 6. Sales Year 1 Year 2 Year 3 Year 4 Year 5 JAN 2,000 3,000 2,000 5,000 5,000 FEB 3,000 4,000 5,000 4,000 2,000 MAR 3,000 3,000 5,000 4,000 3,000 APR 3,000 5,000 3,000 2,000 2,000 MAY 4,000 5,000 4,000 5,000 7,000 JUN 6,000 8,000 6,000 7,000 6,000 JUL 7,000 3,000 7,000 10,000 8,000 AUG 6,000 8,000 10,000 14,000 10,000 SEP 10,000 12,000 15,000 16,000 20,000 OCT 12,000 12,000 15,000 16,000 20,000 NOV 14,000 16,000 18,000 20,000 22,000 DEC 8,000 10,000 8,000 12,000 8,000 Total 78,000 89,000 98,000 115,000 113,000

(? 300 275 250 Total Revenue 225 200 175 150 125 100 75 50 25 Demand 10 20 30 40 50 60 70 80 90 100 110 120 QUANTITY (Bikes) On the following graph, use the green point (triangle symbol) to plot the annual total revenue when the market price is $50, $75, $100, $125, $150, $175, and $200 per bike. PRICE (Dollars per bike)

Macmillan Learning Consider the CEO of a company that sells coffee at small free standing shops around the country. The Board of Directors is considering increasing the number of locations in an effort to increase total revenue, ceteris paribus. Use the data to determine if revenue is responsive to the number of locations. Use the midpoint method to calculate percentages. Number of locations Total revenue Calculate the percentage change in locations. 2012 3000 $60 million Calculate the percentage change in total revenue. Based on the CEO's analysis, he reports to the Board that total revenue is inelastic with respect to the number of locations. total revenue is unit elastic with respect to the number of locations. total revenue is elastic with respect to the number of locations. 2013 3750 $75 million percentage change in total revenue: percentage change in locations: % %

Q. Suppose the price elesiticity of demand is estimated to be 3 what does this mean with schedule and graph?

the following data represents a set do demands that have occurred over the last several years at a soap making company.  The data were collected on an annual basis. Year Actual Demand (At) Forecast (Ft) 1 310   2 365   3 395   4 415   5 450   6 465   7     a) using the SIMPLE AVERAGE method to predict the demand for the 7th year b) the SIMPLE MOVING AVERAGE method to predict the demand for the 7th year

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Why should the weight reference be 12 consecutive months? (Select all that apply) D a. Account for seasonal availability of products b. Account for seasonal pricing patterns of products c. Account for expenditure on life events-births, deaths, graduations, etc. d. Account for expenditure on holidays and festivals e. Account for expenditure of tourists

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Forecast the demand for the rice for a country for the year 2019 on the basis of 7-year data given in table: Year                                              2012 2013 2014 2015 2016 2017 2018 Population (millions)                      10     12      15    20      25    30     40 Rice consumed  (million tonnes)     40     50      60    70     80     90    100

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Question#5Nile.com, the online bookseller, wants to increase its total revenue. One strategy is to offer a 10% discount on every book it sells. Nile.com knows that its customers can be divided into two distinct groups according to their likely responses to the discount. The accompanying table shows how the two groups respond to the discount. Group A Group B(sales per week) (sales per week) Volume of sales beforethe 10% discount 1.55 million 1.50 million Volume of sales afterthe 10% discount 1.65 million 1.70 million Using the midpoint method, calculate the price elasticities of demand for group A and group B.Explain how the discount will affect total revenue from each group.Suppose Nile.com knows which group each customer belongs to when he or she logs on and can choose whether or not to offer the 10% discount. If Nile.com wants to increase its total revenue, should discounts be offered to group A or to group B, to neither group, or to both groups?

ChatGPT fee7d-5344-48c9-98e7-5aabebadcdde yah 11/42 answered Ō Time Remaining: 38m Hide 22s will automatically save as you proceed through the test. Question 17 Answers are sav automatically Look at the figure for the demand for beef. If beef is a normal good and the price of beef increases, it will be represented as a movement from: Q Search Price of Beef B ---- D3 D₁ Quantity of Beef Full text description D2 W

Ypsilanti Market Research conducted a survey to find out whether people who earn more money purchase more expensive goods. The following graph indicates the relationship between income the survey subjects earned and the price of the home that they purchased. PRICE (Thousands of dollars per home) 500 450 400 350 300 250 200 150 100 50 L 0 10 20 30 40 50 60 70 80 INCOME (Thousands of dollars per year) 90 100

FORCASTING Month Time QJan 1 46Feb 2 56Mar 3 72Apr 4 67May 5 77Jun 6 66Jul 7 69Aug 8 79Sep 9 88Oct 10 91Nov 11 94Dec 12 104Jan ?Feb ?   Make a forecast of the demand for the month of January and February

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Below is a table containing data on product demand for the most recent three months along with the forecasts that had been made for those three previous months. Calculate the MSE. Month Demand Forecast 1 308 310 388 390 344 342 23

What three key factors are necessary when estimating consumer demand?