Table 1 shows the actual customer demand for hairdryers from Dyson company. The actual demand has been observed for the past 7 months and recorded. [Jadual 1 menunjukkan permintaan sebenar pengering rambut dari syarikat Dyson. Permintaan sebenar diperhatikan selama bulan terakhir dan direkodkan.] Table 1: Demand for Hairdryer from January to July [Jadual 1: Permintaan Pengering Rambut dari Januari 2021 hingga Julai 2021] Month Demand January 2800 February 2870 March 2968 April May June July' 3000 3100 3150 3400 (a) Calculate forecast future demand for May, June, July, and August by using 3 months simple moving average.

Table 1 shows the actual customer demand for hairdryers from Dyson company. The actual demand has been observed for the past 7 months and recorded. [Jadual 1 menunjukkan permintaan sebenar pengering rambut dari syarikat Dyson. Permintaan sebenar diperhatikan selama bulan terakhir dan direkodkan.] Table 1: Demand for Hairdryer from January to July [Jadual 1: Permintaan Pengering Rambut dari Januari 2021 hingga Julai 2021] Month Demand January 2800 February 2870 March 2968 April May June July' 3000 3100 3150 3400 (a) Calculate forecast future demand for May, June, July, and August by using 3 months simple moving average.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter3: Demand Analysis

Section: Chapter Questions

Problem 8E: The Stopdecay Company sells an electric toothbrush for $25. Its sales have averaged 8,000 units per...

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Plot the price and quantity data given in the demand schedule of exercise 1. Put price on the vertical axis and quantity on the horizontal axis. Indicate the price elasticity value at each quantity demanded. Explain why the elasticity value gets smaller as you move down the demand curve.
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