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- Explain the relationship that economic variables can have with businesscycles. These have both direction and timing. Give an example economicvariable of each combination of direction timing. Of these two attributes, ifyou had exclusive access to a reliable variable, which relationships wouldyou want this variable to have for forecasting purposesWhat is forecasting, and how is it related to the planningfunction?Actual sales of TV's for the first six month in 2021 were as follows:January 60 February 80 March 42April 68 May 44 June 72 Use this information and determine in whole numbers: 1 The average actual monthly sales for that period 2 Trends: Reduce this average by 6% per month for the next three months 3 Simple Moving Average (SMA): make a forecast for July using a three months simple movingaverage. 4 Weighted Moving Average (WMA): make forecast for July, using a three months weightedmoving average where the weights are 0.5; 0.3 and 0.2 respectively.
- Recessions occura. regularly, about every 3 years.b. regularly, about every 7 years.c. regularly, about every 12 years.d. irregularlyExplain the difference between quantitative and qualitative forecastsExplain the use of econometrics in context with forecasting and policymaking by using some suitable hypothetical example. How SRF and PRF lead to the difference between error and residual? Elaborate with appropriate graphical representation.
- In business forecasting using multiplicative decomposition which data component do you use to forecast sales outcome with macroeconomic change?Which of the following is NOT TRUE about trend analysis? a) In trend analysis every item is expressed as an indexb) To compute index values, one of the years/ periods should be chosen as a base yearc) The purpose of trend analysis is to detect the trend of each item as of the previous yeard) The index values are computed by diving each item by the base year figureName two coincident indicators used in forecasting
- Consider a different economy currently in recession. If the government wants to change its spending to cause a $10,000 increase in output Y and people in the economy spend 95 percent of each additional dollar they get, how much must G change? Carefully follow all numeric directions. Use a negative number (with negative sign) to depict an increase in G and a positive number (no sign) to depict a decrease.1.Why does a business cycle diagram serve as a forecasting model? 2.Name TWO coincident indicators used in forecasting.base on the table given explain the event at quarter 4 2019 to quarter 4 2020.