Use regression analysis on deseasonalized demand to forecast demand in summer 2013. (Do not round intermediate calculations. Round your answer to the nearest whole number.) Forecast for summer 2013
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- The Oxford Dictionary defines the word nominal asa value that is “stated or expressed but notnecessarily corresponding exactly to the real value.[18]Develop a reasonable argument for why the termnominal rate is used to describe the annual percentagerate of an investment account that compoundsinterest.Use regression analysis on deseasonalized demand to forecast demand in summer 2013. Forecast for summer 2023 ______Nominal income refers to an income value that is not adjusted for inflation. Real income adjusts the nominal value for the rate of inflation. Real income per capita is considered a good measure of the buying power of an individual in a particular area because it adjusts for both the number of people in the area and the relative inflation of the area. According to Forbes magazine, the state with the highest annual real income per capita in 2020 is Connecticut with a real per capita income of $68,533. Suppose that the annual real income of individuals in Connecticut follows a normal distribution with a mean of $68,533 and standard deviation of $23,480. (a) What is the probability that an individual in Connecticut has an annual real income of $54,000 or more? (Round your answer to four decimal places.) (b) What is the probability that an individual in Connecticut has an annual real income of $29,000 or less? (Round your answer to four decimal places.) (c) What is the probability…
- Give an example of a nominal variable for people in recovery for substance abuseAztec Industries has developed a forecasting model that was used to forecast during a 10-month period. The forecasts and actual demand were as follows: Measure the accuracy of the forecast by using MAD, MAPD, and cumulative error. Does the forecast method appear to be accurate?The accompanying dataset provides the closing prices for four stocks and the stock exchange over 12 days. Complete parts a through c. LOADING... Click the icon to view the closing prices data. Question content area bottom Part 1 a. Use Excel's Data Analysis Exponential Smoothing tool to forecast each of the stock prices using simple exponential smoothing with a smoothing constant of 0.3. Complete the exponential smoothing forecast model for stock A. (Type integers or decimals rounded to two decimal places as needed.) Date Forecast A 09/03/2010 09/07/2010 enter your response here 09/08/2010 enter your response here 09/09/2010 enter your response here 09/10/2010 enter your response here 09/13/2010 enter your response here 09/14/2010 enter your response here 09/15/2010 enter your response here 09/16/2010 enter your response here 09/17/2010 enter your response here…
- Suppose admission to a movie cost $7.50 in 2005. What was its price in 1979 dollars? Assume that all prices have risen at the same rate as the CPI. The price was about $ in 1979. (Round to the nearest cent.) 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 2003 184.0 1978 65.2 1991 136.2 1992 1979 72.6 140.3 2004 188.9 1980 82.4 1993 144.5 2005 90.9 1994 148.2 2006 2007 1981 1982 96.5 1983 99.6 1984 103.9 1985 107.6 1995 152.4 1996 156.9 2008 1997 160.5 2009 1998 163.0 2010 1986 109.6 1999 166.6 2011 1987 113.6 2000 172.2 2012 1988 118.3 195.3 201.6 207.3 215.3 214.5 218.1 224.9 229.6The demand equation for the BWS Bluetooth wireleThe following table shows worldwide sales of a certain type of cell phone and their average selling prices in 2013 and 2017. Year 2013 2017 Selling Price ($) 335 225 Sales (millions) 1,010 2,110 1. Use your demand equation to predict sales to the nearest million phones if the price is raised to $385. 2. Fill in the blank. For every $1 increase in price, sales of this type of cell phone decrease by _____________ million units.