Explain why a house price index can reflect market house price changes more accurately than median house price series? b) How to estimate the year-on-year change of house prices?
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- QUESTION 8 What is the main problem with using Executive Opinion as a forecasting tool? People under forecast so they can look when they exceed the goal. One person can overrule everyone and set the goal alone It is impossible to get all customer information to the executives Executives tend to think they know more than anyone else QUESTION 9 A seasonal index is calculated by dividing the _________. current season by the previous season previous season by the current season current season by the average of all of the seasons highest value season by the lowesAssume that the average or mean monthly household consumption expenditure for Malaysia rose from RM3,578 in 2018 to RM4,033 in 2020, growing 6% per annum at nominal value, according to the statistics department. However, in terms of real value — which refers to the constant price using the Consumer Price Index with the base year 2014 as the deflator — annual growth rate is 3.9% for the same period, mentioned on its Household Expenditure Survey Report 2020. a) Suppose that consumer spending initially rises by RM5 billion for every 1 percent rise in household wealth and that investment spending initially rises by RM20 billion for every 1 percentage point fall in the real interest rate. Also, assume that the economy’s multiplier is 4. i. If household wealth falls by 5 percent because of declining house values, and the real interest rate falls by two percentage points, in what direction and by how much will the aggregate demand curve initially shift at each price level? ii. In what…The variable-based index values of wholesale bread prices for the years 1987-2003 are given below. Given the given, what is the fixed basis wholesale bread price index for 2001? year variable-based index values of wholesale bread prices 1987 97 1988 63 1999 74 2000 113 2001 94 2002 147 2003 78
- Your supervisor has requested that you calculate the following ratios, rounded to the nearest hundredth for both 2017 and 2016 2017 2016 Acid test Asset turnover Net Income (after tax) to the net salesAssume that the average or mean monthly household consumption expenditure for Malaysia rose from RM3,578 in 2018 to RM4,033 in 2020, growing 6% per annum at nominal value, according to the statistics department. However, in terms of real value — which refers to the constant price using the Consumer Price Index with the base year 2014 as the deflator — annual growth rate is 3.9% for the same period, mentioned on its Household Expenditure Survey Report 2020. b) i. Use the aggregate expenditures model to show how government fiscal policy could eliminate either a recessionary expenditure gap or an inflationary expenditure gap. ii. Explain how equal-size increases in G and T could eliminate a recessionary gap and how equal-size decreases in G and T could eliminate an inflationary gap.Use a weighted average of price relatives to show that this method provides the same index as the weighted aggregate method. (Round your answers to the nearest integer.) weighted average of price relatives index weighted aggregate price index
- The consumer price index (CPI) is calculated by the Bureau of Labor Statistics as a______ that measures the average change over time in prices paid by a typical urban consumer for a market basket. simple composite price and quantity index variable-weight composite price index combination of the Fisher index and geometric mean None of the answers are correct.13. List the basic trend patterns within the projection methods and determine which is the most commonly used when analyzing demand.Given the data in the above table, what is the price index for 1991, using 1988 as the base year and using the 1988 consumption pattern (market basket)?
- From the press release of the statistics of Retail Sales for January 2021, a government spokesman said that, “The figure for January was conceivably distorted by the difference in timing of the Lunar New Year, which fell in mid-February this year but late January last year.” Explain the rationale of this statement. Is the year-on-year percentage change of retail sales for January 2021 expected to be higher or lower than usual?Hello! Can someone please help me discuss the topic Consumer Price Index? I need to discuss its definition, formula, and sample computation/ problem. Can you please help me? I do not have any knowledge about the topic, since it is my first time hearing about it. Thank you! Your efforts are very much appreciated!Show with explanations and examples of the differences from trend analysis, cross sectional analysis, and industry comparables analysis.
