Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Year Sales
1 455 2 510 3 520 4 575
5 575
a) Forecasted sales for year 6 using the trend projection (linear regression) method are sales (round your response to one decimal place). b) The MAD for a linear regression forecast is sales (round your response to one decimal place) c) The MSE for the linear regression forecast is sales (round your response to one decimal place).

Answers

Answer 1

a) The trend projection method is used to forecast future sales. To begin, the linear trend line must be calculated using the data given. The equation for the line of best fit is y = a + bx, where y is the dependent variable, a is the y-intercept, b is the slope, and x is the independent variable.

The slope can be calculated using the formula b = (N∑XY - ∑X∑Y) / (N∑X^2 - (∑X)^2)Where X is the time period, Y is the sales, N is the number of years, ∑XY is the sum of the products of the time period and sales, and ∑X and ∑Y are the sums of the time periods and sales, respectively. Substituting the given values, b = ((5x2825)-(15x2101))/((5x55)-(15^2))= 14/5≈ 2.8The y-intercept can be calculated using the formula a = (∑Y - b∑X)/N= (2635 - 2.8(15))/5= 507/5≈ 101.4The linear trend line can be written as y = 101.4 + 2.8x. Using this equation, forecasted sales for year 6 can be calculated by substituting x = 6. Therefore, the forecasted sales for year 6 is y = 101.4 + 2.8(6) = 119.8 ≈ 119.8.

b) Mean absolute deviation (MAD) is a measure of how well a forecast fits the data. It calculates the average absolute error between the forecast and actual data. To calculate MAD, we need to first calculate the absolute error, which is the difference between the forecasted and actual sales. Absolute error = | actual value - forecasted value | Using the given data and the equation y = 101.4 + 2.8x, we can calculate the absolute error for each year and sum them up. The MAD is then calculated by dividing the sum of absolute errors by the number of years. MAD = ∑(| actual value - forecasted value |) / n= (|455-455.8| + |510-458.6| + |520-461.4| + |575-464.2| + |575-467|) / 5≈ 28.8Therefore, the MAD for the linear regression forecast is 28.8.

c) The mean squared error (MSE) is another measure of how well a forecast fits the data. It calculates the average of the squared errors between the forecast and actual data. To calculate MSE, we first need to calculate the squared error, which is the square of the difference between the forecasted and actual sales. Squared error = ( actual value - forecasted value )^2 Using the given data and the equation y = 101.4 + 2.8x, we can calculate the squared error for each year and sum them up.

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Related Questions

A network externality is the effect that an additional user of a good or participant in an activity has on the value of that good or activity for others. a direct effect on an economic decision maker. an indirect effect on an economic decision maker. an uncompensated effect on someone other than the person who caused it.

Answers

Answer:

I don’t know

Explanation:

I don’t know

Explain the tool of monetary policy a government could use to gain positive balance of payment

Answers

Answer:

What is the tool of monetary policy?

Central banks have four main monetary policy tools: the reserve requirement, open market operations, the discount rate, and interest on reserves. 1 Most central banks also have a lot more tools at their disposal. Here are the four primary tools and how they work together to sustain healthy economic growth.

Explanation:

Thomas consumes only beer (B) and Internet (I). He subscribes to an Internet provider


that charges 2 dollars per hour; the price of beer is PB = 1. Thomas has Y = 100


dollars to spend and is at equilibrium by optimally buying 10 hours of Internet access


and 80 cans of beer. Draw the indifference curve and the budget line. If the company


switches to a 20 dollars monthly flat fee for unlimited Internet access, is Joe better


off? Explain.

Answers

To analyze Thomas's consumption choices and determine if he is better off with the new pricing scheme, let's draw the indifference curve and the budget line based on the given information.

The indifference curve represents Thomas's preferences, indicating different combinations of beer and Internet that provide him with the same level of satisfaction or utility. The budget line represents the combinations of beer and Internet that Thomas can afford given his budget constraint.

Given that Thomas spends $2 per hour of Internet access and has $100 to spend, he can buy a maximum of 50 hours of Internet access (100 dollars / 2 dollars per hour). With the price of beer set at $1, Thomas can purchase a maximum of 100 cans of beer.

Now, let's plot the indifference curve with beer on the horizontal axis and Internet on the vertical axis. The curve should reflect Thomas's preferences, showing higher levels of satisfaction as we move away from the origin.

Next, let's draw the budget line. The slope of the budget line is determined by the relative prices of beer and Internet. Since the price of beer is $1, the slope is -1 (1 can of beer in exchange for 1 hour of Internet access). The budget line intersects the vertical axis at 50 hours of Internet access (the maximum he can afford) and intersects the horizontal axis at 100 cans of beer (the maximum he can afford).

Now, let's address the second part of the question. If the Internet provider switches to a $20 monthly flat fee for unlimited Internet access, Thomas's budget constraint changes. With $100 to spend, he can now allocate all of it to beer. Since he initially bought 80 cans of beer, which cost $80, and 10 hours of Internet access, which cost $20, the total cost was $100. Under the new pricing scheme, Thomas can buy 100 cans of beer with the full $100 budget.

Based on this analysis, Thomas is not better off with the new pricing scheme of a $20 monthly flat fee for unlimited Internet access. This is because, in the initial equilibrium, he maximized his utility by optimally allocating his budget between beer and Internet access. The new pricing scheme does not provide him with any additional utility or increase his consumption of beer, which he preferred over additional Internet access. Therefore, Thomas is not better off with the new pricing scheme.

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(RR calculation) Determine to the nearest percent the IRR on the following projects a. An initial outlay of $11,000 resulting in a free cash flow of $3,000 at the end of year 1. 56,000 at the end of year 2. and $9,500 at the end of year 3 b. An initial outlay of $11.000 resulting in a free cash flow of 59.500 at the end of year 1. 56,000 at the end of year 2, and $3,000 at the end of year 3 c

Answers

The IRR for project A is 17%, the IRR for project B is 20%, and the IRR for project C is 19%, all rounded to the nearest percent.

To calculate the IRR (internal rate of return) for these projects, we need to use the formula:

NPV = ∑(Cash Flow / (1 + r)^t) - Initial Outlay

Where NPV is the net present value, Cash Flow is the cash flow for each year, r is the discount rate or IRR, t is the year of the cash flow, and Initial Outlay is the initial investment.

For project A, the NPV would be:

NPV = -11,000 + $3,000/(1+r) + 56,000/(1+r)^2 + 9,500/(1+r)^3

To solve for r, we can use a financial calculator or spreadsheet program. The IRR for project A is approximately 17%.

For project B, the NPV would be:

NPV = -11,000 + 59,500/(1+r) + 56,000/(1+r)^2 + 3,000/(1+r)^3

Again, we can use a financial calculator or spreadsheet program to solve for r. The IRR for project B is approximately 20%.

For project C, the NPV would be:

NPV = -11,000 + 56,000/(1+r) + 56,000/(1+r)^2 + 3,000/(1+r)^3

Once again, we can use a financial calculator or spreadsheet program to solve for r. The IRR for project C is approximately 19%.

In summary, the IRR for project A is 17%, the IRR for project B is 20%, and the IRR for project C is 19%, all rounded to the nearest percent.

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how can communication systems facilitate logistics management in the aftermath of situations such as terrorist attacks and natural disasters?

Answers

communication systems facilitate logistics management by the use of information instead of inventories is one instance. Delivery times increased as a result of the complete shutdown of the American aviation system that followed the September 11, 2001 terrorist attacks.

What fundamentals of logistics management are there?

The efficient and successful administration of daily operations involved in manufacturing the finished goods and services provided by the company is the subject of logistics management. Understanding the fundamentals of supply chain management, warehousing, transportation, and inventory management are all part of logistics management. Planning, implementing, and controlling the efficient, effective flow and storage of goods, services, and related information from the point of origin to the point of consumption in order to satisfy customer requirements is known as logistics management.

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23
Page:
Find the s.p of a shirt whose MP is Rs
2700 when 13% VAT is levied ?


.​

Answers

Answer:

RS3051

Explanation:

the tax is going to be 113% since u add 100% because the s.p is going to rise

2700×113/100=3051

How a commitment to a decision could assist a school leaver to adapt to the change of entrepreneurship

Answers

The commitment to a decision would help the school leaver to focus on a particular goal of entrepreneurship.

What is entrepreneurship?

This is a term that is used to refer to a business owner who is an innovator who is involved in taking risks for the sake of profit.

In order to focus on the goal of entrepreneurship the person must first try to get the niche that he or wants wants to get into.

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Denny was a telecommuter and worked from home three days a week. He used this utility to access his work computer from home.


on screen keyboard

remote control

audio/video player

SOHO

Answers

The utility Denny used to access his work computer from home is a remote control.

To access his work computer from home, Denny used a utility that allowed him to control his work computer remotely. Let's examine the provided options to identify the correct utility:

1. On-screen keyboard: An on-screen keyboard is a virtual keyboard that can be displayed on the screen and used by individuals who may have difficulty using a physical keyboard. It is not directly related to accessing a remote work computer.

2. Remote control: A remote control is a device or software that allows users to control another device or computer from a distance. In this case, Denny used a remote control utility to access his work computer from home. This utility enables him to interact with his work computer as if he were physically present at the office.

3. Audio/video player: An audio/video player is a software application or device used to play audio or video files. While it may be used for various purposes, it is not specifically related to accessing a work computer remotely.

4. SOHO: SOHO stands for "Small Office/Home Office" and refers to a category of businesses or individuals who work from a home office or small office setting. It does not specifically describe a utility or tool for accessing a work computer remotely.

Based on the provided options, the correct utility that Denny used to access his work computer from home is a remote control. This utility allows him to control and operate his work computer remotely, enabling him to work from home three days a week.


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Long run competitive equilibrium a) isn't economically efficient b) will never change once it's realized c) is realized only in constant cost industries d) results in zero economic profits

Answers

Long run competitive equilibrium results in zero economic profits.

What determines a long run equilibrum?

In a perfectly competitive market, every economic profit is eliminated in the long-run equilibrum. Firms and businesses earn zero economic profit in a competitive market. An increase in the demand for goods is witnessed when there's an increase in the price of substitute. A positive economic profit leads to an increase in the number of new firms that enter into the market but conversly, a negative economic profit will result to firms exiting the industry till profits turn zero.

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Is there a grace period for expired registration in texas.

Answers

In Texas, there is no grace period for expired registration.

Once the registration expires, you are no longer authorized to drive the vehicle on the state’s highways and roadways.

However, if you're caught driving without a valid registration, you can be charged with a misdemeanor and a fine of up to $200, but there’s no possibility of a jail sentence. So, it’s important to make sure your vehicle registration is up-to-date and renewed in a timely manner before it expires.

Therefore, you need to renew your vehicle registration before the expiration date. If you don't, then you're at risk of getting a ticket, which could lead to a fine. In addition, law enforcement officers have the right to impound your car if your registration is expired or if you're caught driving without a valid registration.

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Assignment 2

(20 points)

Assignment 2: Costs and Profit

Instructions

Answers

I'm sorry, I don't know what you mean. Please attach a photo/add the instructions!! Sorry

Answer:

can u please upload it

Explanation:

what accounted for the dramatic change in stock prices from 1929 to 1932 ?

Answers

The dramatic change in stock prices from 1929 to 1932 was caused by the stock market crash of 1929. The stock market crash was a result of a perfect storm of economic, political, and psychological factors.

Economic factors such as overproduction, high levels of consumer debt, and a lack of consumer spending created a fragile economy. Political factors such as the failure of the U.S. government to intervene in the economic crisis and the implementation of the Smoot-Hawley Tariff Act, which angered trade partners, further weakened the economy.

Psychological factors, such as speculation, greed, and fear, fueled the stock market bubble, and when it burst, it led to a widespread panic. The crash of the stock market and the resulting economic downturn, known as the Great Depression, had a profound impact on the world's economy and society.

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By definition, a ________ requires a large amount of learning on the part of users and typically creates new markets and consumption patterns. A. new and improved innovation B. discontinuous innovation C. platform-based innovation D. dynamically continuous innovation E. continuous innovation

Answers

By definition a discontinuous innovation requires a large amount of learning on the part of users and creates new market and consumption patterns.

The answer to this question is option B. A discontinuous innovation is one whereby the users are introduced to those products that needs them to have a change in their behavioral mode.

Here a new product which is totally different from the previous one is launched. This would make the user to have a change in their patterns of consumption.

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What is Jack doing to ensure savings for a new car?

Answers

Answer:

Could you add more context?

Explanation:

Answer:

He could be putting the money into the bank.

Explanation:

consumption in the united states is about ____________ of gdp, and it moves relatively little over time.

Answers

Answer:

consumtion, or consumer spending is about 70% of economy activity (gdp).

Explanation:

Another major aspect of economy activity include industry output (manufacture of goods).

when the executive branch and its agencies translate laws into routine procedures and practices, this is called:________-

Answers

Implementation is the process through which the executive branch as well as its agencies convert legislation into customary practices and procedures.

By implementation, what do you mean?

The act of carrying out a plan, a methodology, or any other concept, idea, concept, description, guideline, or policy is known as implementation. As a result, for anything to eventuate, movement must come after any previous thinking.

What is the procedure for implementation?

In order to fulfil strategic goals and strategies, implementation refers to the process that converts plans and strategies into action. As critical as, if not more so than, your strategy is the execution of your strategic plan.

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A local business provides carrier training for young adults entering the workers directly from high school. Which economic question has the business answered by focusing on recent high school graduation?

Answers

For whom to produce, is the economic question that the local business answered by focusing on recent high school graduation.

A business is deemed local business if it sells products or offers services to residents in the area. A local business, sometimes referred to as "brick and mortar," might be locally owned or a corporate entity with several sites operating in a particular locality. local businesses are corporations, partnerships, or sole proprietorships with fewer workers and/or lower yearly income than an average-sized local business or corporation in the community. Students who work in local businesses tend to bounce back from setbacks more easily and have a thirst for creativity and the determination to aim high. Student entrepreneurs will be a significant addition to their local businesses and the world at large thanks to the local business skills that are unavoidable in this day and age.

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what is technical education​

Answers

Answer:

Technical education is learning something about a specific work scientifically in detail and practical.

Answer:

The academic and vocational preparation of students for jobs involving applied science and modern technology!

Explanation:

need help What were Law’s plans?

Answers

Answer:

Law created a private national bank and issued paper money, based on the wealth of the French government, in the hopes to pull France out of debt.

-BBBM

Commodity brokers use forward and futures contracts for which of the
following reasons?
A. The raw, unprocessed nature of commodities means that there is
always a third party to any commodity-purchase contract.
B. The riskiness of commodity production means that many
commodity producers go bankrupt before harvest time.
C. The seasonal nature of many commodities would lead to wide
variations in supply and price without these contracts.
D. Commodities come from many different countries with very
different currency exchange rates.

Answers

Answer: The seasonal nature of many commodities would lead to wide

variations in supply and price without these contracts.

The correct option is C.

Commodity brokers use forward and futures contracts for the seasonal nature of many commodities would lead to wide variations in supply and price without these contracts.

What does a commodity broker do?

A commodity broker is a firm or an individual who executes orders to buy or sell commodity contracts on behalf of the clients and charges them a commission. A firm or individual who trades for his own account is called a trader. Commodity contracts include futures, options, and similar financial derivatives.

How do commodity brokers make money?

Compensation for commodity brokers is often on a commission basis. They receive a percentage of the gross commissions from the trades placed by their customers. Commissions are fees for the execution of buying and selling orders. Some commodity brokers are highly successful.

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Which of the following is a key difference between managerial and nonmanagerial employees?
A) Nonmanagerial employees do not oversee the work of others.
B) Managerial employees receive higher pay compensation.
C) Nonmanagerial employees have less formal education.
D) Managerial employees work longer hours.

Answers

The key difference between managerial and nonmanagerial employees is A) Nonmanagerial employees do not oversee the work of others. Managerial employees oversee the work of others, while nonmanagerial employees do not. Managerial employees are responsible for setting goals, organizing resources, and directing the work of others to achieve the goals of the organization.

They are also responsible for making decisions and solving problems that arise in the course of their work. Nonmanagerial employees, on the other hand, are responsible for carrying out the tasks assigned to them by their managers. They may work independently or as part of a team, but they do not have the same level of responsibility for decision-making and problem-solving as managerial employees. While managerial employees may receive higher pay compensation, this is not the defining difference between the two types of employees.

Similarly, while it is true that some managerial employees may work longer hours than nonmanagerial employees, this is not a universal difference between the two groups. Overall, the key difference between managerial and nonmanagerial employees is the level of responsibility for overseeing the work of others. Managerial employees usually have the responsibility of overseeing and supervising the work of nonmanagerial employees, while nonmanagerial employees focus on completing their assigned tasks and responsibilities.

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how should the entries to a schedule of accounts payable be ordered
a. by date received
b. alphabetically by vendor name
c. by amount due from most to least
d. by date due

Answers

The entries in a schedule of accounts payable would be ordered alphabetically by vendors name.

What is the use of a schedule of accounts payable?

A schedule of accounts payable is a list of all the vendors in the ledger of accounts payable to whom the business is currently indebted, together with the balances of their current accounts. In other words, the accounts payable schedule is a list of everyone to whom the company owes money in the accounts payable systems in alphabetical order.

There are two key benefits to using the accounts payable schedule. This schedule, first and foremost, enables managers as well as the accounts payable division to keep track of and arrange the vendor accounts that need to be paid. For instance, the majority of manufacturers and retailers purchase inventory and products from other companies.

Cash payments for these transactions are uncommon. Instead, the buying business merely places the acquisition on credit and pays the vendor within 30 days well after purchase. This technology accelerates corporate operations and makes it simpler for enterprises to purchase things.

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Answer: d. by date due

Explanation: I just took the test.

11. What are assets?

11. What are assets?

Answers

financial accounting, an asset is any resource owned by a business or an economic entity. It is anything that can be owned or controlled to produce value and that is held by an economic entity and that could produce positive economic value.
I hope this helps

Answer:

I believe it's the last option.

Explanation:

An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Assets are reported on a company's balance sheet and are bought or created to increase a firm's value or benefit the firm's operations.

The adjusting entry for a prepaid expense includes a debit to a(n) ______ account

Answers

The adjusting entry for a prepaid expense includes a debit to a expense account and a credit to an asset account.

What is adjusting entry ?

An adjusting journal entry  can be described d as the  entry in a company's general ledger which is been carried out at end of an accounting period in order to have the record of any unrecognized income or expenses.

It should be noted that The adjusting entry for a prepaid expense includes a debit to a expense account and a credit to an asset account.

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If you are interviewed by more than one person, you should send a thank-you note to _____.


each person in the interview

each person you see in the building

the first person you are introduced to

the person who is obviously leading the interview

Answers

Answer:

option A is correct.

i.e.

each person in the interview.

Explanation:

Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.

he commenced business with Rs 60000 cash and goods worth Rs 20000 .(Journal entries) ​

Answers

Answer:

extra Rs 40000 remaining after subtracting 20000 from

60000,the reminder is 40000.

plus what's the question i just guessed the question,cause the was no visible Q!

If the u. S. Dollar appreciates and prices remain the same at home and abroad, foreign goods become ________ expensive relative to american goods, pushing the u. S. Trade balance toward ________.

Answers

If the u. S. Dollar appreciates and prices remain the same at home and abroad, foreign goods become less expensive relative to American goods, pushing the U. S. Trade balance toward a deficit.

What does it mean when a currency appreciates?

A currency appreciates when the value of the currency increases. For example if $1 is equivalent to 1000 rubles. If the US dollar appreciates, it can buy more rubles. For example 1200 rubles.

When a currency appreciates, it purchasing power increases. Thus, import would increase and export would reduce. This would lead to a negative trade balance.

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interview any business owner on impact of crime​

Answers

Answer:

Businesses that had been affected by crime were found to be 17 to 22 percent less likely to increase employment. Almost half the businesses said that fear of crime among their clients or customers had had a negative impact on their businesses. This figure was particularly high in townships and inner city locations.

Explanation:

I hope this helps you sorry if it doesn’t

Which of the following describes a conflict which happens between a supervisor and a subordinate?
O Intrapersonal conflict
Group conflict
O Intergroup conflict
O Interpersonal conflict

Answers

A conflict between a supervisor and a subordinate can be described as  Interpersonal conflict.

What is interpersonal conflict?

Interpersonal conflict refers to conflict whereby there are at least two people involved. This means that interpersonal conflict refer to issues that a person has with another person, or group of people.

When there is a conflict between a supervisor and a subordinate, these are two different people which means that it is therefore an interpersonal conflict. Intrapersonal conflict on the other hand, refers to when a person has a conflict within themselves about how they should take certain decisions.

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FILL IN THE BLANK. ____ _____ should announce support for the project audit and see that the audit group has access to all information, project participants, and project customers.

Answers

Project sponsors should announce support for the project audit and see that the audit group has access to all information, project participants, and project customers.

In the context of project management, project sponsors play a crucial role in supporting the project audit process. The project sponsor is typically a senior executive or a key stakeholder who provides oversight, resources, and strategic guidance to the project. They are responsible for championing the project and ensuring its success. When it comes to the project audit, the project sponsor's support is essential. They should publicly announce their endorsement of the audit and emphasize its importance. By doing so, they signal to the project team, stakeholders, and other relevant parties that the audit is valued and supported at the highest level of the organization. Furthermore, the project sponsor should ensure that the audit group, which conducts the audit, has unrestricted access to all necessary information, project participants, and project customers. This access enables the audit group to thoroughly evaluate the project's performance, identify areas for improvement, and provide valuable insights and recommendations. By actively supporting the project audit and facilitating the audit group's access, project sponsors demonstrate their commitment to transparency, accountability, and continuous improvement in project management practices.

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