You are hired as a consultant to assess a firm's ability to forecast. The firm has developed a point forecast for two different currencies presented in the following table. The firm asks you todetermine which currency was forecasted with greater accuracy. Do not round intermediate calculations. Round your answers to two decimal places.PeriodYen ForecastActual YenValuePoundForecastActual PoundValue1$0.0053$0.0056$1.47$1.562$0.0052$0.0054$1.54$1.573$0.0055$0.0051$1.51$1.584$0.0054ps$0.0053$1.55$1.50The mean absolute forecast error as a percentage of the realized yen value is%.OsThe mean absolute forecast error as a percentage of the realized pound value is%.Because the mean absolute forecast error as a percentage of the realized pound value is -Select- than that of the yen, the -Select- was forecasted with greater accuracy.

In the question, given that:The question's purpose is to determine the mean absolute forecast error…

Answered: You are hired as a consultant to assess…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The Nenana Ice Classic is an annual contest to guess the exact time in the spring thaw when a tripod erected on the frozen. Tanana River near Nenana, Alaska, will fall through the ice. The contest has been run since 1917. The 2017 jackpot was $267,444. The table gives simplified data that record only the date on which the tripod fell each year. The earliest date so far is April 20. To make the data casier to use, the table gives the date each year in days starting with April 20. That is, April 20 is 1, April 21 is 2, and so on. Days from April 20 for the Tanana River tripod to fall Duy Year 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 Year 1948 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 Days from April 20 for the Tanana River tripod to fall 1983 11 1984 22 14 22 22 23 20 22 16 7 23 17 16 19 21 12 19 Day 19 9 15 19 21 15 17 21 17 11. 11 10 11 21 10 20 Days from April 20 for the Tanana River tripod to fall Year 1934 1935…
Use the average annual consumer price index table to convert the 1978 minimum wage from actual dollars to 1996 dollars. Is the result consistent with the entry in the accompanying minimum wage table? Click the icon to view the table of federal minimum wages. The 1978 minimum wage in 1996 dollars is $. (Round to the nearest cent as needed.) Federal Minimum Wages Year 1938 1939 1945 1950 1990 1956 1961 1967 1968 pe 1974 1976 1978 1979 1981 1990 1991 1996 1997 2007 2008 2009 Actual Dollars 1996 Dollars $2.78 $3.39 $3.49 $0.25 $0.30 $0.40 $0.75 90.19 $1.00 $1.25 $1.40 91.00 $1.60 $2.00 22:00 $2.30 $2.50 $2.65 22.0 $2.90 222 $3.35 $3.50 $4.25 $4.75 $5.15 $5.85 $6.55 $7.25 $4.88 67.90 $5.77 $6.41 20.70 $6.58 $7.21 66.27 $6.37 20:37 $6.34 20:20 $6.38 20:30 $6.27 90:20 $5.78 $4.56 $4.90 $4.75 $5.03 $4.42 $4.77 $5.12 - X Average Annual Consumer Price Index (CPI) (1982-1984 = 100) Year CPI Year CPI Year CPI 1976 56.9 1989 124.0 2001 177.1 1977 60.6 1990 130.7 2002 179.9 1978 65.2 1991 136.2 2003…
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TABLE 1 SUMMARY OUTPUT Regression Statistics Multiple R R Square Observations Intercept GPA Facebook (hours per week) Upperclass 0.68 0.86 260 Coefficients 70.56 4.80 -2.70 1.30 Standard Error 0.029 1.275 0.635 0.40
A bank developed a model for predicting the average checking and savings account balance as balance = - 17,949 + 316 x age + 1,129 x years education + 0.136x household wealth. ents a. Explain how to interpret the numbers in this model. b. Suppose that a customer is 26 years old, is a college graduate (so that years education = 16), and has a household wealth of $190,000. What is the predicted bank balance? Grade anch a. The number 17,949 Contents The number 316 The number 1,129 Plan The number 0.136 p & Resoui ary essible Res rchase Optic ommunicatio Click to select your answer(s) and then click Check Answer. 1 part remaining Clear All Check Answer Type here to search [] F6 & 7
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