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- Diego needs to forecast demand for his company's products, using the data he already possesses. He has an average of previous demand, and he knows the most recent demand because he believes it's a better predictor of future demand. Which forecasting technique should he use?Examine the following statement and determine the accuracy of the statement. Cars are considered as luxury items. Thus, a decrease in the consumer's income would result in a decrease in the demand for cars. Consumer income will affect the demand for a product. The future expectancy of a product will affect the demand for the product. Future expectancy not only encompasses the future price of a product but also other factors that will affect the demand for product such as advancement in technology and government policy.The demand equation for the Widget Company has been estimated to be: Q = 20,000 + 10 I - 50P + 20 PC where Q = monthly number of widgets sold, I = average monthly income, P = price of widgets, and PC = average price of competing goods. If next month's income is forecast to be 2,000, the price of competing goods is forecast to be $20, and the price of widgets will be set at $30, forecast sales. b. What will sales be if the price is dropped to $20?
- Suppose that Victoria and her friends are running a fundraiser by selling donuts. They want to know what will happen to their revenue if they increase the price of each donut from $0.80 to $1. What concept do they need to apply to find out their expected revenue?Diego needs to forecast demand for his company's products, using the data he already possesses. He has an average of previous demand, and he knows the most recent demand because he believes it's a better predictor of future demand. Which forecasting technique should he use? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely.Choose the type of forecasting technique that would be most appropriate for predicting; The impact a price increase of 10 per cent would have on sales of orange marmalade. Answer 1 The popularity of a new television series. Answer 2 Demand for Mother’s Day greeting cards. Answer 3 Demand for toothpaste in a particular supermarket. Answer 4 Demand for vacations on the moon.
- As an investment advisor, you tell a client that an investment in a mutual fund has (over the next year) a higher expected return than an investment in the money market. The client then asks the following questions: a. Does that imply that the mutual fund will certainly yield a higher return than the money market? b. Does it follow that I should invest in the mutual fund rather than in the money market? How would you reply?Which chain of events is an expected occurrence in the market and, in addition, occurs in the correct order?(x) Demand decreases, price decreases, quantity supplied decreases.(y) Supply increases, price decreases, quantity demanded increases(z) Supply decreases, price increases, quantity demanded increases.A. (x), (y) and (z) B. (x) and (y) onlyC. (x) and (z) only D. (y) and (z) onlyE. (x) onlyYou have been driving for about 3 hours early in the morning. Which of the following indicates that you might be fatigu
