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Arlecino [84]
3 years ago
6

The manager of the Petroco Service Station wants to forecast the demand for unleaded gasoline next month so that the proper numb

er of gallons can be ordered from the distributor. The owner has accumulated the following data on demand for unleaded gasoline from sales during the past 12 months: Month Gasoline Demanded (gal.) October 800 November 725 December January 500 February 645 March April 730 May 810 June 1,200 July 980 August 1,000 September 850 a. Compute a 2-month moving average demand forecast for the months of December to September. Calculate MAD, MAPD and MSE. b. Compute the optimal 2-month weighted moving average demand forecast for the months of December to September. Calculate MAD, MAPD and MSE. C. Assume the demand forecast for October is equal to the actual demand of October, 800. Compute the optimal exponentially smoothed demand forecast for the months of November to September. Calculate MAD, MAPD and MSE. d. Assume the demand forecast for October is 800 and trend for October is 0. Compute the optimal double exponentially smoothed demand forecast for the months of November to September. Calculate MAD, MAPD and MSE. e. Compute linear trend line demand forecast for the months of October to September. Calculate MAD, MAPD and MSE. f. Compare the five forecasting methods by using MAD, MAPD and MSE and indicate which method is the best fit for the data based on MAD, MAPD (or MAPE), and MSE, respectively.
Business
1 answer:
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5 0

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sergeinik [125]
What are the options and I’ll tell you when you comment on mine when
6 0
3 years ago
Consider the following​ alternatives: i. $ 140 received in one year ii. $ 240 received in five years iii. $ 350 received in 10 y
Svetradugi [14.3K]

Answer:

Ranking 10% interest rate:

1) 5 years

2) 10 years

3) 1 year

Raking 2% interest rate:

1) 10 years

2) 5 years

3) 1 year

Raking 18% interest rate:

1) 1 year

2) 5 years

3) 10 years

Explanation:

You have to apply to bring the amount of money to present value, according with the information, the formula is the next:

Present Value = Future Value/((1+ interest rate)^(n))

Where n is the number of years that you have to wait to receive the money.

You have to calculate every situation with the respective amount of time and interest rate, the result must be money. and when you get the 9 results, you have to compare every situation and chose the higher amount of money according to the interest rate, for example:

Present value = 140/ ((1+10%)^(1))=  127    

                       =  140/ ((1+10%)^(5))=   149    

                        =  140/ ((1+10%)^(5))=   135

So the answer for the first scenario with an interest rate of 10% is:  

Ranking 10% interest rate:

1) 5 years

2) 10 years

3) 1 year

5 0
3 years ago
Which of the following is NOT a necessary condition for oligopoly? differentiated products barriers to entry strategic dependenc
stepladder [879]

Answer:

differentiated products.

Explanation:

An oligopoly occurs when a few large firms dominate a market and they aim to maximise profit. The action of one firm has significant effect on the market, so the firm's are interdependent.

There are high barriers to entry including use of government liscences, patents, economies of scale, and actions taken by firms to discourage entry into the market.

However differentiation of products is not a necessary condition for oligopoly. Products can be homogenous or differentiated.

8 0
3 years ago
Which of the following is true of manufacturing?
12345 [234]
D
...................
6 0
3 years ago
If expectations of the future inflation rate are formed solely on the basis of a weighted average of past inflation rates, then
vaieri [72.5K]

Option C

If expectations of the future inflation rate are formed solely on the basis of a weighted average of past inflation rates, then economics would say that expectation formation is:  adaptive.

<u>Explanation:</u>

Adaptive expectations hypothesis implies that investors will modify their expectations of future behavior based on current prior behavior. In finance, this impact can effect people to produce investment decisions based on the way of contemporary historical data, such as stock price activity or inflation rates, and modify the data to prophesy future exercise or rates.  

If the market has been trending downward, people will possible expect it to proceed to trend that way because that is what it has been acting in the recent past.

7 0
3 years ago
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