Q: discuss the topic Consumer Price Index
A: Economists use different indexes to analyze the change in economic variables in the market.
Q: The use of quarterly data to develop the forecasting model Yt = a +bYt-1 is an example of which…
A: The forecasting refers to the prediction technique for a certain situation taking into consideration…
Q: What is a qualitative forecasting model, and when is its use appropriate?
A: Forecasting refers to making predictions based on past and present data and analyzing the trends.…
Q: Divergence happens when the price of an asset and the indicator moves to same directions
A: Divergence between an asset's price and practically any technical or fundamental indicator or data…
Q: Actual sales of TV's for the first six month in 2021 were as follows: January 60…
A: A simple moving average (SMA) calculates the average of a selected range of prices, usually closing…
Q: Using Y as the dependent variable and X1, X2, X3, X4 and X5 as the explanatory variables, formulate…
A:
Q: Short-range forecasts tend to ________ longer-range forecasts. A. deal with more comprehensive…
A: Forecasts for the short term are made using data that has been seen, extrapolated, and how systems…
Q: QUESTION 9 A seasonal index is calculated by dividing the _________. current season by the…
A: Note: We will answer one question as the exact one was not specified. Please resubmit a new question…
Q: The variable shown on the vertical axis is __________ (options: thousands of dollars per car,…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: Two different forecasting techniques (F1 and F2) were used to forecast demand for cases of bottled…
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Q: Question 1. Using 'HW3.csv' data file, calculate the following statistics of 'consumption'. 1) Mean…
A: Question 1 1) Mean(X)=414+51+258+766+829+952+656+439+598+69810 =5,66110…
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A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Please refer to the table “Pet Owners’ Behavior during Recession,” which shows results of a survey…
A: a) In 2016, the number of pet owners who gave holiday gifts to their pets rose up to 87%. It is…
Q: Name two coincident indicators used in forecasting
A: Coincident indicators help in understanding the current economic position prevailing in a particular…
Q: data: "Analyzing the impact The following example indicates a/an . of minimum wage changes on…
A: the correct answer is A. panel data
Q: Choose one of the following forecasting methods discussed in this chapter: last-value, averaging,…
A: Exponential smoothing is commonly used to make short term forecasts, yet longer-term estimates…
Q: If you plot temperature on the y axis and time on the x axis, you have created a A. bar chart. B.…
A: The economics as a study is considered to be a very vast area of study. In economics, the basic idea…
Q: You have been asked to prepare a forecast for your company's product, bottled water. Discuss the…
A: Forecasting is a technique for predicting the future based on data and trend analysis. Companies…
Q: I Consider the demand for trading cards listed below. Month Demand Jan. 51,000 Feb. 48,000 March…
A: Take months in numerical terms like January for 1 February for 2
Q: Identify and briefly describe the two general forecasting approaches.
A: Qualitative forecasting is predicated on information that cannot be measured. It's especially…
Q: Data quality may be assessed using six different factors.
A: We need to highlight the factors that may be used to access the data quality.
Q: Two coincident indicators used in forecasting
A: A coincident pointer is a metric that shows the present status of financial movement inside a…
Q: A police station had to deploy a police officer for an emergency multiple times in the last four…
A: Forecast for Friday using naive approach = Actual demand of previous period(Thursday) = 12.
Q: Director Very Busy needs to allocate time this week for office appointments, so he needs to forecast…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: The Global Machine Manufacturing Company, Q5. manufacturing Heavy Machines in the Sultanate of Oman.…
A: Disclaimer :- as you posted Multipart questions we are supposed to solve the first 3 questions only.…
Q: The type of economic indicator that can best be used for business forecasting is the:
A: The periodic and irregular increases and decreases of an economy's real GDP, employment level, and…
Q: Suppose you have an extra six months of data on demands and prices, in addition to the data in the…
A: Given:
Q: The accompanying data table show the percentage of tax returns filed electronically in a city from…
A: Given data,
Q: Historical demand for the product is: Month Demand January 12 February 11 March 15 April 12 May 16…
A: Month Demand Weights Weighted average April 12 0.1 12*0.1 =1.2 May 16 0.3 16*0.3=4.8 June…
Q: What is the index formulation used for?
A: The index formulation is the statistical measure which calculates the change in the variable over…
Q: using words and mathematical notation, why the Ordinary Least Squares method might not be the best…
A: The economics as a study is basically based upon the idea of the limited amount of resources which…
Q: As an Analytics Specialist, how do you develop a model that deals with strategy and HR, the model…
A: meaning of HR analytics:- It is a data-driven approach to managing people at work and also known as…
Q: There is a Chinese company doing business in India. The profit made by the company will be part of:…
A: GDP stands for the Gross domestic product while GNP stands for Gross National Product.
Q: SurveyDonkey.com studied North Carolina cities to determine the best place to live in the state. The…
A: Mooresville may be a fast-growing community that has been great to get older in. it's been built up…
Q: 2 3 3 2 5 4 1 1 4 3 5 4 4 2 6 3 2 Complete the 5-step model for these data,…
A: The correct answer is given in the second step.
Q: Director Very Busy needs to allocate time this week for office appointments, so he needs to forecast…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Question 19 Let's say you run a simulation and figure out that your sample is one of the likely…
A: In economics, research is one of the approach to deal with variables and to know about the nature of…
Q: What action should be taken when unacceptable error is found in tracking a forecast?
A: Forecasting is the method of predicting future trends in the economy by analyzing the present and…
Q: How does it reconcile cross-sectional data with that from time series macroeconomic data
A: Milton Friedman demonstrates that the total cost of admission is indistinguishable from never-ending…
Q: This is a Business Forecasting Question. I know the 3 stages for the evolution of forecasting are 1.…
A: As you have asked above the answer of your question is below.
Q: Qualitative methods of forecasting include:a) sales force composite. b) jury of executive opinion.c)…
A: The methods of sales forecasting include qualitative and quantitative methods. Some of the…
Q: How Forecasts is compared with predicted values? why these both terms are different?
A: A forecast is an estimation that is based on the previous data. A prediction is estimating the…
Q: The following is the data of recent refrigerator sales at a local Home Depot store. Month 1 2 3…
A: Weighted moving averages assign a heavier weighting to more current data points since they are more…
Q: Forecasting accuracy cannot be considered as a performance metric (TRUE/ FALSE).
A: Performance metrics is a measurement of behaviour of the organisation it's related activities and…
Q: Solve with arc estimation Also write interpretation of answer and give real life example.
A: In the market, arc estimation of elasticity refers to the measure according to which the…
Consumer expenditure plans is an example of a
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- The type of economic indicator that can best be used for business forecasting is the:How Forecasts is compared with predicted values? why these both terms are different?Based on annual data from 2000-2010, the Gadget Company estimates that sales are growing according to a linear trend: Q = 50,000 + 200t where t is time and t = 0 in 2000. a. Forecast sales for 2013. b. Do you see any problems with this forecasting method?
- Choose one of the following forecasting methods discussed in this chapter: last-value, averaging, moving-average, or exponential smoothing. Identify the conditions when the method is most appropriate to use and give an example of an application of this method.Econometrics (forecasting) topic: Explain the difference between a nested and a non-nested model? Provideexamples.You have been asked to prepare a forecast for your company's product, bottled water. Discuss the type of information you might be looking for to make these forecasts.
- What are the three specific desirable characteristics of an estimator?Forecast the average number of viewers during the 2009 season using a three-period weighted moving average with weights 3, 2, and 1, applying 3 to the most recent data and 1 to the oldest data.A researcher has a sample of 6 annual observations {94, 104, 102, 99, 111 and 107} for the CPI in country Z for the period 2015 to 2020, and wants to forecast CPI for the years 2021, 2022 and 2023. The researcher uses 3 different forecasting models: A, B and C. Model A is an AR(1) model with no drift and with an estimated autoregressive coefficient = 0.7. Model B is a MA(1) model with no constant and with an estimated MA coefficient = -0.4 (note the minus !). Model C is a random walk model with no drift. The error terms over the 2015-2020 period were estimated to have the values: {3, -1, 2, 4, -3, 1}. a. Compute the 2021, 2022 and 2023 forecasted values for the consumer price index based on the three models. Show the formulas and the details of your calculations, and explain all the related symbols. b. Suppose that the actual values of the CPI over the 2021, 2022 and 2023 were {108, 114, 105}. Calculate the Root mean square error of the three model forecasts over the 2021-2023…
- This is model question. I need100% accurate answer. Please review it.Qualitative methods of forecasting include:a) sales force composite. b) jury of executive opinion.c) consumer market survey. d) exponential smoothing.e) all except (d).Short-range forecasts tend to ________ longer-range forecasts. A. deal with more comprehensive issues than B. use Delphi method approaches more often than C. None of these answers are correct D. employ the same methodologies as E. be less accurate than