ber of tons of brake assemblies received at an auto parts distribution center last month wa ast tonnage was 650 for last month. The company uses a simple exponential smoothing m ing constant of 0.46 to develop its forecasts. What will be the company's forecast for the ne r answer

ber of tons of brake assemblies received at an auto parts distribution center last month wa ast tonnage was 650 for last month. The company uses a simple exponential smoothing m ing constant of 0.46 to develop its forecasts. What will be the company's forecast for the ne r answer

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: Slope, b1 = MSE= c. What is the forecast for t = 8? If required, round your answer to three decimal…

A: *Answer: *b Here, the sample size is n = 7. Now, obtain the following table for necessary…

Q: Jan '20 0.68 Feb '20 0.76 Mar '20 1.6 Apr '20 1.47 May '20 0.98 Jun '20 1.18 Jul '20 3.59 Aug '20…

A: 1) Simple Moving Average (SMA): A simple moving average is a statistical tool that simply calculates…

Q: c. Find the mode. Select the correct choice below and, if necessary, fill in the answer box to…

A: Mode: it is the value that comes more often in a data set. Midrange: it is the arithmetic mean of…

Q: Mai sells makeup online and has noticed that demand for her products, glittery lip gloss, has varied…

A: The forecast means the calculation or estimation of future events.

Q: In the past four years, the annual returns of one company’s stock are 12%, 18%, and –14%, and 7%. a)…

A: We have given the annual returns as : 12%, 18%, and –14%, and 7%

Q: Question 1: Find the mean, median, mode, and range for the following list of values: 13, 18, 13, 14,…

Q: 2. Montyboy Pet Shop ships boxed can dogfood anywhere in the country. Using the following…

A: Trend forecasting is the process of predicting future buyer preferences and purchasing behaviors…

Q: I need typing clear urjent no chatgpt use i will give 5 upvotes

A: Velocity of link EO, Given,Vo=3.6ft/sec,θ=52o,OA=8′′,OD=5′′,CD=15′′, Consider the triangle ODC and…

Q: If the annual rate of world oil consumption t years after 1970 is modeledby the equation R(t) =…

A: In economics, consumption refers to the use of goods and services. The expenditure made on the…

Q: Sales Month (000 units) Feb. Mar. Apr. May Jun. Jul. Aug. 19 18 15 20 18 22 20 a. Plot the monthly…

A: MonthSales (000's)Feb19Mar18Apr15May20Jun18Jul22Aug20

Q: The magnetic circuit in the figure has a coil with 120 turns, the core is made of Sinimax (ur =…

A: Step 1:Step 2:Learning outcome: For linear systems, energy is equal to coenergy.

Q: Use simple exponential smoothing with a = 0.6 to forecast the tire sales for September through…

A: Forecasting sales refers to the prediction of future sales using previous data to estimate the…

Q: not use ai please

A: The Reynolds number is used to determine the flow regime in a fluid system, making option B) Flow…

Q: AG = 1, A(M/P) = -1, b = 0.8. 1. Calculate AY and Ar 2. Plot IS and LM curves to describe the…

A: John Hicks created the IS-LM framework in 1937, based on the concepts of John Maynard Keynes. Hicks…

Q: (Requires Calculus) In the equation TestScore = 607 + 3.85 Income -0.042Income2, our predicted…

A: Income is the cash that a person or organisation receives in return for working, producing a good or…

Q: OA linear regression model is Units 3,414-0.839xWeek. For week 45, what is the forecast for the…

A: Linear regression shows the linear relationship between two variables. There are two variables :-…

Q: Initial values are: PX = $9500 PY = $10000 I = $15000 A = $170000 W = 160 This…

A: Since you have posted a question with multiple sub parts, we will provide the solution only to the…

Q: Define the Ordinary Least Square estimator is linear and conditionally unbiased?

A: Answer - Ordinary Least Square estimator (OLS) - It is the method of estimating unknown parameters…

Q: Suppose the index of prices received by date farmers in Oman for 2008 was 1.04 and the base year of…

A: The price index measures the changes in the price level of a fixed market basket of goods and…

Q: X(t) is a wide sense stationary stochastic process with autocorrelation function sin(271000T) R(T)…

A: (a). Y(t) has autocorrelation function: Rr(t,T) = E[Y(t) Y(t+T)] =E[X(T-T0)*(t+T-T0)] =R*(T)

Q: If the annual rate of world oil consumption t years after 1970 is modeled by the equation R(t) =…

A: We are going to find the total consumption of oil barrels in a period from 1976 to 1980 to answer…

Q: these are the dataset: College…

A: Step 1:Given dataset:…

Q: Question 4 Consider the following data: Month Bicycles Sold 21.6 2. 22.9 25.5 21.9 23.9 6. 27.5 7…

A: We are going to calculate Mean Absolute Percentage Error using its formula and definition.

Q: anth Sales Forecast 1 Forecast 2 1 770 771 769 2 789 785 787 3 794 790 792 780 784 798 768 770 774…

A: *Answer: Given data Month Sales Forecast1 Forecast 2 1 770 771 769 2 789 785 787 3…

Q: Given the following data set,25, 16, 18,16,20,20,24,30,20,40. What is the mean, median and mode.

A: A measure of central tendency is a single number that attempts to represent a set of data by finding…

Q: Using the sales data in the next table, calculate the mean squared error (MSE). (Hint: The MSE is…

A: Mean absolute error is given as : (1/4)*sum of absolute value of errors Mean square error is given…

Q: 1 2 3 Based on the above chart and assuming that without seasonality each quarter will have equal…

A: An indicator of how a specific season within a cycle compares to the average season within that…

Q: Time Actual (Y) Forecast (Yhat) Forecast Error 100 110 115 120 ? If naïve method is used for the…

A: The forecasted value of time t is the actual value of time t-1. The forecast error is calculated by…

Q: What is the size of the error term for the observation indicated by the arrow in the graph below? Y…

A: The size of the error term basically measures the difference in the actual value of the dependent…

Q: Your economics textbook hit the market with a bang, selling 10856 copies in its debut year. The…

A: Sales is the exchange of commodities. Price is the contract to sell the goods in the market. It is…

Q: New ads have been proposed and cost the company $5000 to run in each time slot. If the extra sales…

A: To determine how many ads should be run, we need to find the number of ads that will maximize the…

Q: The quadrant on which IS and LM are plotted is known as IY space? true or false

A: IS line shows the goods market equilibrium and it is downward sloping curve which shows Inverse…

Q: The annual revenue R (in millions of dollars) of OPet Foods since its inception can be modeled by…

A: Revenue refers to the total amount of money generated by the sale of goods or services related to a…

Q: Next Stândard Period Error Forecasting Method Used Forecast (MSE) 1.3-period UnWMA 10.42 3.24…

A: Given:

Q: c. What would be this week's forecast for employee appointments using exponential smoothing with…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: The type of economic indicator that can best be used for business forecasting is the:

A: The periodic and irregular increases and decreases of an economy's real GDP, employment level, and…

Q: Define Forecasts and forecast errors in time series anaylsis?

A: Time series analysis is a technique in statistics that deals with trend analysis or time series…

Q: Use General Linear Process to determine the the autocovariance function of mean funchon and ARca)…

A: A function is a formula that expresses one variable in terms of another.The phrase "y is a function…

Q: What is the index formulation used for?

A: The index formulation is the statistical measure which calculates the change in the variable over…

Q: what is the derivative of TC = 3Q^2 + 7Q +12

A: Given:- TC=3Q2+7Q+12 To calculate:- Derivative of TC=?

Q: Suppose we have the following time series data on variable Y (where t = trend): t Y 1 100 2 120 3…

A: Given: t y (At) 1 100 2 120 3 160 4 200 α=0.5

Q: How to Calculate the p-Value When σY Is Known?

A: The p-value is the probability of finding the more extreme values as the observed results of the…

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Calculate the mean, median, and mode of the following data: 16, 11, 14, 20, 13, 11, 16, 11, 17, 15, 10
QUESTION 3 Annual Fund Returns Over the Past 10 Years Year Return (%) 4.5 6.0 1.5 -20 3 4 15 6 7 19 20 0.0 45 3.5 2.5 5.5 4.0 10 Calculate the geometric mean retur over the 10 years. Give your answer in percent, rounded to two decimal places, so in the format X.XX. Hint, the number zero is not used in the correct answer
I need answer typing clear urjent no chatgpt used i will give upvotes both answers
The Preservation Embalming Company's cost data have been partially entered in the table below. Following the sudden and unexpected death of the company's accountant, you are called on to fill in the missing entries. Instructions: Enter your answers as whole numbers Bodies embalmed 0 1 2 3 4 5 6 Total cost Fixed cost 18 104 Variable cost 50 ATC 46 AVC 38.8 AFC MC 18 48
The demand of a product of a company is given below for the periods. Can we use Winter method for forecasting demands of the A following 3 periods? Why? If yes, apply it past 4. 6. Demand 27 31 40 31 35 45
Use simple exponential smoothing with a = 0.3 to forecast bike sales for September through December. Assume that the forecast for September was 60 units. a) What will be the forecast for December? b) Calculate the MAD. Last saved 11:13:58 AM budy Questions Filter (25) Month September October November December F3 X C O Search P Bike Sales 54 72 60 ? Y
Calculate standard deviation Marks: 0-10,10-20,20-30,30-40,40-50 Frequency :10,15,10,10,5
this is data.. do this. dont need refernece of Q1 Data: 8 27 24 25 11 18 22 28 21 11
explain it correctly
The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows: Year Mileage 1 3,050 a) Using a 2-year moving average, the forecast for year 6 = miles (round your response to the nearest whole number). b) If a 2-year moving average is used to make the forecast, the MAD based on this = miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.45 and 0.55 (the weight of 0.55 is for the most recent period) = miles (round your response to the nearest whole number). The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.45 and 0.55 = d) Using exponential smoothing with a = 0.20 and the forecast for year 1 being 3,050, the forecast for year 6 = miles (round your response to one decimal…
Your savings account balance at the end of May was $500. You made a $200 deposit on June 4 and withdrew $100 on June 25. Calculate your average (mean) daily balance for June.
Consider the following asset with it's returns over the last 3 years. The arithmetic mean is 8% 1yr 2yr Зуг 8% 10% 6% What is the geometric mean? (Be sure to go out at least 4 decimal places.) Respuesta: