Prepare index Numbers of price for three years with average price as base from the data given below : RATE PER RUPEE COMMODITIES C 4 kg. 3 kg. 10 kg. 1st year 3 kg. 3 kg. 9 kg. 2nd year 2 kg. 3 kg. 3rd year 9 kg.
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- The prices and the numbers of various items produced by a small machine and stamping plant are reported below. Use 2010 as the base. 2010 2018 Item Price Quantity Price Quantity Washer $ 0.07 17,000 $ 0.10 20,000 Cotter pin 0.04 125,000 0.03 130,000 Stove bolt 0.15 40,000 0.15 42,000 Hex nut 0.08 62,000 0.10 65,000 a. Determine the simple price indexes. (Round your answers to 2 decimal places.) b. Determine the simple aggregate price index for the two years. (Round your answer to 2 decimal places.) c. Determine the Laspeyres price index. (Round your answer to 2 decimal places.) d. Determine the Paasche price index. (Round your answer to 2 decimal places.) e. Determine Fisher's ideal index. (Round your answer to 2 decimal places.)Under the last-in, first-out (LIFO) inventory valuation method, a price index for inventory must be established for tax purposes. The quantity weights are based on year-ending inventory levels. Unit Price ($) Product EndingInventory Beginning Ending A 500 0.15 0.19 B 50 1.40 1.80 C 100 4.50 4.20 D 60 11.00 13.40 Use the beginning-of-the-year price per unit as the base-period price and develop a weighted aggregate index for the total inventory value at the end of the year. (Round your answer to the nearest integer.) I = What type of weighted aggregate price index must be developed for the LIFO inventory valuation? Paasche indexLaspeyres IndexUsing the data in Table 6–11, calculate a 3-month moving average forecastfor month 12.
- Use the most accurate method to forecast the revenues of licenses, permits, and fees in Years 9, 10, and 11. Use the Year 8 actual figure instead of the forecast figure (Year 8 was $23,210,218). Also, consider three incremental changes in forecasting.Table 2 shows the statistics for bed count and inpatient service days that Manatee Bay Health Center reported for last year (a non-leap year). The hospital chief operations officer (COO) is meeting with the board of directors next Tuesday for a quarterly meeting. He asked you to figure the hospital's occupancy ratio for the past year. You have been given the statistics in Table 2 to calculate the annual percentage of occupancy for the past year's operations. Table 2 – Manatee Bay Health Center Hospital Bed Count and Inpatient Service Days Manatee Bay Health CenterHospital Bed Count and Inpatient Service Days Time Period Bed Count Inpatient Service Days January 1 – May 31 200…John Kittle, an independent insurance agent, uses a five-year moving average to forecast the number of claims made in a single year for one of the large insurance companies he sells for. He has just discovered that a clerk in his employ incorrectly entered the number of claims made four years ago as 1,400 when it should have been 1,200.a. What adjustment should Mr. Kittle make in next year’s forecast to take into account the corrected value of the number of claims four years ago?b. Suppose that Mr. Kittle used simple exponential smoothing with a = .2instead of moving averages to determine his forecast. What adjustment is now required in next year’s forecast? (Note that you do not need to know the value of the forecast for next year in order to solve this problem.)
- Samurai Inc is a popular travel option for travelers between Japan and mainland Asia especially South Korea. However, due to the South Korea’s Discord with its neighbour and the following uncertainty regarding peace negotiation in the Korean Peninsula, the number of ground travel continues to fluctuate. Table 1 shows the number of car travel (y) per quarter between Japan and South Korea between 2013 and 2019. Table Attached Question: Calculate the Adjusted Seasonal Index for Q1, Q2, Q3, and Q4.The forecast for year 6 using a weighted 2-year moving average with weights of 0.350.35 and 0.650.65 (the weight of 0.650.65 is for the most recent period) is what?Given the following data for demand at the XYZ Company, calculate the monthly forecast for 2003 using a 3-month moving average. Calculate the Forecast, Error, MAD (mean absolute percentage error), Bias and the TS (tracking signal) .
- The prices and the numbers of various items produced by a small machine and stamping plant are reported below. Use 2010 as the base. 2010 2018 Item Price (in $) Quantity Price (in $) Quantity Washer 0.07 17,000 0.10 20,000 Cotter pin 0.04 125,000 0.03 130,000 Stove bolt 0.15 40,000 0.15 42,000 Hex nut 0.08 62,000 0.10 65,000 a. Determine the Laspeyres price index. (Round your answer to 2 decimal places.) b. Determine the Paasche price index. (Round your answer to 2 decimal places.)Use tables to express and represent the descriptive statistics for thevariables below. Years Nominal Exchange RateJ$ - US$1 Value of ImportsBillions USD Value of ExportsBillions USD 2019 $134.22 8.244 6.304 2018 $129.72 8.088 6.148 2017 $128.36 7.234 5.188 2016 $125.14 6.284 4.714 2015 $117.31 6.555 4.626 2014 $111.30 7.434 4.692 2013 $100.89 7.515 4.608 2012 $88.80 7.678 4.835 2011 $86.08 7.721 4.508 2010 $87.33 6.555 4.248 2009 $88.28 6.352 4.273 2008 $72.91 9.821 6.027 2007 $69.04 7.874 5.59 2006 $65.90 7.231 5.161 2005 $62.59 6.208 4.322 2004 $61.34 5.268 4.168 2003 $57.52 4.86 3.741 2002 $48.56 4.771 3.442 2001 $46.13 4.53 3.57 2000 $43.39 4.568 3.782 1999 $39.30 4.017 3.6431. What measure(s) of central tendency can be used to summarize nominal data? 2. What measure(s) of central tendency can be used to summarize ratio data?