Badgers are being monitored to ensure that their population is healthy and growing. Use Microsoft Excel's =TREND and =SLOPE functions and the following data to calculate your answer to the questions: Year 2010 = Population 12900 ; 2011 = 13300 ; 2012 = 19600 ; 2013 = 19200 ; 2014 = 21300 ; 2015 = 23200. a) Given the data above, and assuming a stable environment, what will the population be in the year 2018? (rounded to the nearest whole number, no commas). b) How fast is their population growing per year? (rounded to the nearest whole number, no commas)
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- The construction manager for Acme Construction, Inc., must decide whether to build single-family homes, apartments, or condominiums. He estimates annual profits (in $000) will vary with the population trend as follows: Type POPULATION TREND Declining Stable Growing Single Family 200 90 70 Apartments 70 170 90 Condos (20 ) 100 220 If he feels the chances of declining, stable, and growing population trends are 40 percent, 50 percent, and 10 percent, respectively, what is his expected value of perfect information?As you can see in the following table, demand for heart transplant surgery at Washington General Hospital has increased steadily in the past few years: Year 1 2 3 4 5 Heart Transplants 48.0 50.0 52.0 57.0 58.0 The director of medical services predicted 6 years ago that demand in year 1 would be 44.0 surgeries. a) Using exponential smoothing with α of 0.60 and the given forecast for year 1, the forecasts for years 2 through 6 are (round your responses to one decimal place): Year 1 2 3 4 5 6 Forecast 44.0 nothing nothing nothingAttendance at Orlando's newest Disneylike attraction, Lego World, has been as follows: Quarter Guests (in thousands) Quarter Guests (in thousands) Winter Year 1 63 Summer Year 2 120 Spring Year 1 99 Fall Year 2 54 Summer Year 1 149 Winter Year 3 94 Fall Year 1 75 Spring Year 3 151 Winter Year 2 64 Summer Year 3 210 Spring Year 2 83 Fall Year 3 99 Part 2 Based on the given attendance, the seasonal indices for each of the seasons are (round your responses to three decimal places): Season Index Winter enter your response here
- The number of cases of merlot wine sold by the Connor Owen winery in an eight-year period is as follows: YEAR CASES OFMERLOT WINE 2005 321 2006 407 2007 449 2008 507 2009 409 2010 551 2011 461 2012 427 Using an exponential smoothing model with an alpha value of 0.30, estimate the smoothed value calculated as of the end of 2012. Use the average demand for 2005 through 2007 as your initial forecast for 2008, and then smooth the forecast forward to 2012.The number of earthquakes in a year in Kabul is a continuous random variable. A- true B- falseThe dean of a school of business is forecasting total student enrollment for this year's summer session classes based on the following historical data: Year Enrollment Four years ago 2000 Three years ago 2200 Two years ago 2800 Last year 3000 What is this year's forecast using a three-year simple moving average? a. 2,600 b. 2,400 c. 2,667 d. 2,500 e. 2,333
- The number of cases of merlot wine sold by the Connor Owen winery in an eight-year period is as follows: YEAR CASES OF MERLOT WINE 1 270 2 356 3 398 4 456 5 358 6 500 7 410 8 376 Using an exponential smoothing model with an alpha value of 0.20, estimate the smoothed value calculated as of the end of year 8. Use the average demand for years 1 through 3 as your initial forecast for year 4, and then smooth the forecast forward to year 8. Note: Round your intermediate calculations and final answer to the nearest whole number.Eurotronics manufactures components for use in small electronic products such as computers, CD players, and radios at plants in Belgium, Germany, and France. The parts are transported by truck to Hamburg, where they are shipped overseas to customers in Mexico, South America, the United States, and the Pacific Rim. The company has to reserve space on ships months and sometimes years in advance. This requires an accurate forecasting model. Following are the number of cubic feet of container space the company has used in each of the past 18 months: Month Space (1,000s ft.3) 1 10.6 2 12.7 3 9.8 4 11.3 5 13.6 6 14.4 7 12.2 8 16.7 9 18.1 10 19.2 11 16.3 12 14.7 13 18.2 14 19.6 15 21.4 16…Lori Cook has developed the following forecasting model: ^y=45.0+4.20x, where ^y=demand for Kool Air conditioners and x=the outside temperature (degrees Fahrenheit) a) When the temperature outside is 70°F, demand forecast=__ air conditioners ( enter your response as an integer).