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Following table shows the monthly sales of X-box consoles at a retail store in Kuwait:
Answer the following questions based on the data given above. Show your calculations.
a. What is the expected sales for the 8th month based on 3 period moving average?
b. What is the expected sales for the 8th month based on exponential smoothing with α =0.2?
c. Which of the above two
Step by step
Solved in 3 steps
- b. The following table shows the number of televisions sold over the last ten years at alocal electronic store. YEAR TV SALES 1 1502 3003 4804 6005 6306 6407 7008 8259 90010 980 i. Using trend projection, develop a formula to predict sales for years 11 and 12. Youhave to show all working. You will need to develop a table to calculate the slope andthe intercept.Dropdowns (Above)1. Yes/No2. Less than/greater than3. 20,30,40,50,60,70,804. Are/Are Not5. May/May NotWe all hate to keep track of small change. By us-ing random numbers, it is possible to eliminate the need for change and give the store and the customera fair deal. This problem indicates how it couldbe done.a. Suppose that you buy something for $0.20. Howcould you use random numbers (built into the cashregister system) to decide whether you should pay$1.00 or nothing?b. If you bought something for $9.60, how wouldyou use random numbers to eliminate the need forchange?c. In the long run, why is this method fair to both thestore and the customers? Would you personally (asa customer) be willing to abide by such a system?
- I need answer typing clear urjent no chatgpt used i will give 5 upvotes To prepare for this problem, read carefully the Application box on How Consumers Respond to Tax Rebates. 1.) Evidence suggests that the 2001 tax rebates were A.initially spent by consumers who later increased their saving. B. almost entirely spent by consumers, ○ C. initially saved by consumers who later increased their spending. ○ D. almost entirely saved by consumers.Company X produces a product, GlueX3, that Company X sales for $5. An opportunity presents itself to reallocate its manufacturing facility and related resources to produce Epoxy10. It believes it can sell Epoxy10 for $8. Explain how this switch creates “value”. Be sure to include for whom.Which of the following statements is correct for the Black-Scholes model? A) The price of an American call written on a stock is: c = SN(d1)-Ke-rTN(d2) B) The stock price at a future point in time follows a log-normal distribution. C) The continuously compounded return on the stock follows a log-normal distribution. D) Black-Scholes prices may allow for arbitrage opportunities. Please explain and justify your choice.
- The file P13_03.xlsx contains monthly data on production levels and production costs during a four-year period for a company that produces a single product. Use simple regression on all of the data to see how Total Cost is related to Units Produced. Use the resulting equation to predict total cost in month 49, given that the proposed production level for that month is 450 units. Do you see anything wrong with the analysis? How should you modify your analysis if your main task is to find an equation useful for predicting future costs, and you know that the company installed new machinery at the end of month 18? Write a concise memo to management that describes your findings.The file P13_20.xlsx contains the monthly sales of iPod cases at an electronics store for a two-year period. Use the moving averages method, with spans of your choice, to forecast sales for the next six months. Does this method appear to track sales well? If not, what might be the reason?The file P02_26.xlsx lists sales (in millions of dollars) of Dell Computer during the period 1987–1997 (where year 1 corresponds to 1987). a. Fit a power and an exponential trend curve to these data. Which fits the data better? b. Use your part a answer to predict 1999 sales for Dell. c. Use your part a answer to describe how the sales of Dell have grown from year to year. d. Search the Web for more recent Dell sales data. Then repeat the preceding parts using all of the data.
- A golf club manufacturer is trying to determine how the price of a set of clubs affects the demand for clubs. The file P10_50.xlsx contains the price of a set of clubs and the monthly sales. Assume the only factor influencing monthly sales is price. Fit the following three curves to these data: linear (Y = a + bX), exponential (Y = abX), and multiplicative (Y = aXb). Which equation fits the data best? Interpret your best-fitting equation. Using the best-fitting equation, predict sales during a month in which the price is $470. File data: Price Demand $400 20,000 $420 19,000 $440 17,000 $460 16,000 $500 14,000 $380 22,000 $290 31,000 $340 26,000 $220 41,000 $700 6,000***paste results onto Excel and upload it. 1. The information provided below relates to sales in a dine-in restaurant in Salisbury Maryland: Months Sales (in $1000) Mar-19 46.5 Apr-19 49.6 May-19 49.8 Jun-19 61.9 Jul-19 65.5 Aug-19 64 Sep-19 70.3 Oct-19 59.8 Nov-19 60 Dec-19 70.8 Jan-20 51.9 Feb-20 59.6 Due to Coronavirus outbreak, Restaurants were ordered to shut down during March and April of 2020. The restaurant manager is trying to determine the amount of sales lost while it was shut down during March and April because of the outbreak. a. Use exponential smoothing, with α =.2, to develop a forecast for March and April. (Hint: Use the forecast for March 2020 as the actual sales in March 2020 in developing the forecast for April 2020.) b. Comment on the use of exponential smoothing for forecasts more than one period into the future. c. Use trend projection to forecast sales for March and April 2020. d. The restaurant had purchased as insurance…The file P13_04.xlsx lists the monthly sales for a company (in millions of dollars) for a 10-year period. a. Fit an exponential trend line to these data. b. By what percentage do you estimate that the company will grow each month? c. Why cant a high rate of exponential growth continue for a long time? d. Rather than an exponential curve, what type of curve might better represent the growth of a new technology?