During the 2019 Masters Golf tournament Patrick Reed failed to repeat as champion. His scores relative to par in each round, on each hole are reported in the table. Hole Round 1 Round 2 Round 3 Round 4 -1 -1 -1 1 4 1 1. 1 6. 1. 8. 0. -1 9. 10 -1 1. 11 1. 1. 12 13 -2 -1 14 1 15 -1 -1 16 1. 17 -1 18
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- Sales of a company (in $100,000) for the last 7 years are listed in the following table. Use the data as given in the table, do not include the hundred thousand at the end of the values. Year Q1 Q2 Q3 Q4 1 6 15 10 4 2 10 18 15 7 3 14 26 23 12 4 19 28 25 18 5 22 34 28 21 6 24 36 30 20 7 28 40 35 27 What are the adjusted R^2, and forecasts for Q1, Q2, Q3, and Q4 of Year 8 using this model? 4 decimals. Adjusted R^2: Q1: Q2: Q3: Q4:To better plan for future growth of the restaurant, Karen needs to develop a system that will enable her to forecast food and beverage sales by month for up to one year in advance. Table shows the value of food and beverage sales ($1000s) for the first three years of operation. Food and Beverage Sales for the Vintage Restaurant ($1000s) Month First Year Second Year Third Year January 242 263 282 February 235 238 255 March 232 247 265 April 178 193 205 May 184 193 210 June 140 149 160 July 145 157 166 August 152 161 174 September 110 122 126 October 130 130 148 November 152 167 173 December 206 230 235 Managerial Report Perform an analysis of the sales data for the Vintage Restaurant. Prepare a report for Karen that summarizes your findings, forecasts, and recommendations. Include the following: A time series plot. Comment on the underlying pattern in the time series.…Corporate triple-A bond interest rates for 12 consecutive months follow. 9.5 9.4 9.5 9.6 9.8 9.8 9.9 10.6 9.9 9.7 9.6 9.6 (a) Construct a time series plot. What type of pattern exists in the data? The data appear to follow a trend pattern.The data appear to follow a cyclical pattern. The data appear to follow a horizontal pattern.The data appear to follow a seasonal pattern. (b) Develop three-month and four-month moving averages for this time series. (Round your answers to two decimal places.) Month Time SeriesValue 3-Month MovingAverage Forecast 4-Month MovingAverage Forecast 1 9.5 2 9.4 3 9.5 4 9.6 5 9.8 6 9.8 7 9.9 8 10.6 9 9.9 10 9.7 11 9.6 12 9.6 Does the three-month or four-month moving average provide more accurate forecasts based on MSE? Explain. The three-month moving average provides more accurate forecasts, because its MSE is larger than that of the four-month moving…
- The following table shows the number of televisions sold over the last ten years at a local electronic store. Year TV Sales 1 150 2 300 3 480 4 600 5 630 6 640 7 700 8 825 9 900 10 980 i. Using trend projection, develop a formula to predict sales for years 11 and 12. You have to show all working. You will need to develop a table to calculate the slope and the intercept. ii. Use that formula to forecast television sales for years 11 and 12.The following data describes weekly gross revenue ($1000s), television advertising expenditures ($1000s), and newspaper advertising expenditures ($1000s) for Showtime Movie Theaters. × Weekly Gross + Revenue ($1000s) 99 90 95 92 95 94 94 94 a. Find an estimated regression equation relating weekly gross revenue to television advertising expenditures and newspaper advertising expenditures (to 2 decimals). 2.84 Television Advertising ($1000s) 5.0 2.0 4.0 2.5 3.0 3.5 2.5 3.0 Revenue = 81.73 1.29 News Adv TV Adv + b. Choose the correct plot of the standardized residuals against ĝ. Newspaper Advertising ($1000s) 1.5 2.0 1.5 2.5 3.3 2.3 4.2 2.5Sales over the past 10 years are shown below. Using the method of least squares, calculate the values of a and b to complete this regression equation. Year Sales 1 1,640 2 1,850 3 1,240 4 1,250 5 1,980 6 1,400 7 1,060 8 1,430 9 1,050 10 1,990 (Indicate a negative answer using a "-" sign. Do not round intermediate calculations and round your answer to 3 decimal places.) What is your forecast for next year's sales? (Do not round intermediate calculations and round your answer to 2 decimal places.)
- Develop a spreadsheet for the question. The vice president of finance has looked at your ooriginal scoring model and feels that tax considerations should be included in teh model with a weight of 15. In addition, the VP has scored the methods on tax considerations as follows: method A recieved a score of 3, method B recieved a score of 2, and Method C recieved a score of 1. How would this additional information affect your recommendation?b. The following table shows the number of televisions sold over the last ten years at a local electronic store. YEAR 1 2 3 4 5 6 TV SALES 150 300 480 600 630 640 700 825 900 980 7 8 9 10 i. Using trend projection, develop a formula to predict sales for years 11 and 12. You have to show all working. You will need to develop a table to calculate the slope and the intercept. ii. Use that formula to forecast television sales for years 11 and 12.The following table shows the number of televisions sold over the last ten years at a local electronic store.YEAR TV SALES1 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. Show all working and develop a table to calculate the slope and the intercept. ii. Use that formula to forecast television sales for years 11 and 12.
- Cost Estimation; High-Low and Regression Methods The Mac Davis Company specializesin the purchase, renovation, and resale of older homes. Mac employs several carpenters and paintersto do the work for him. It is essential for him to have accurate cost estimates so he can determinetotal renovation costs before he purchases a piece of property. If estimated renovation costs plus thepurchase price of a house are higher than the house’s estimated resale value, it is not a worthwhileinvestment.Mac has been using the home’s interior square feet for his exterior paint cost estimations. Recentlyhe decided to include the number of external openings—the total number of doors and windows ina house—as a cost driver. Their cost is significant because they require time-consuming preparatorywork and careful brushwork. The rest of the house usually is painted either by rollers or spray guns,which are relatively efficient ways to apply paint to a large area. Mac has kept careful records of theseexterior…B. The following table shows the number of televisions sold over the last ten years at a local electronic store. year TV sales 1 150 2 300 3 480 4 600 5 630 6 640 7 700 8 825 9 900 10 980 i. Using the trend projection, develop a formula to predict sales for years 11 and 12. Develop a table to calculate the slope and intercept. Please Show All Working. Use that formula to forecast television sales for years 11 and 12The manager of Mayo Department Store want to evaluatethe relationship between the sales of air conditioners andthe average weekly temperature. The following weeklysales data along with the average daytime temperaturesfor 10 one-week periods are shown in the following table:Week Air-conditioner Sales(in units) Average Temperature (in degrees Fahrenheit)1 100 782 85 703 103 854 110 905 70 756 115 947 150 1018 120 989 97 8610 85 80 a Develop a linear regression equation for air conditionersales as a function of the average weekly temperature.b Forecast air conditioner sales if the average weeklytemperature is 88 degrees Fahrenheit.c Evaluate the "goodness of fit" of the regressionequation by…