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vodka [1.7K]
3 years ago
6

A company hires you to develop a linear regression forecasting model. Based on the company's historical sales information, you d

etermine the intercept value of the model to be 1,200. You also find the slope value is minus 50. If after developing the model you are given a value of X= 10, which of the following is the resulting forecast value using this model?
a. - 3,800
b. 700
c. 1,700
d. 1,040
e. 12,000
Business
1 answer:
NemiM [27]3 years ago
4 0

Answer:

Option "B" is the correct answer to the following statement.

Explanation:

Given:

Intercept value of the model (a) = 1,200

Slope value (b) = -50

Value of X = 10

Forecasting value (Y) = ?

Computation:

We know that , in linear regression forecasting

Y = a + b(X)

by putting the value in equation

Y = 1,200 + (-50)(10)

Y = 1,200 - 500

Y = 700

Therefore, forecasting result will be 700.

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Electronic funds transfers ________. a) are a way of moving cash by paper documents b) do not appear on the bank statement c) in
Elanso [62]

Answer:

The correct answer is c) Include direct deposits and debit card transactions.

Explanation:

Electronic Fund Transfers (EFT) is an electronic transaction that moves money from one account to another. The accounts can be from the same institution of from different ones, and are processed through the Automated Clearing House (ACH). The ACH is a system that connects all the financial institutions in the United States.

EFTs are paper free and do not need human intermediaries to go through with a transaction. These can be done through direct deposits, wire transfers, debit cards, electronic checks, ATMs, personal computer banking and others.

6 0
4 years ago
Gloria's Kayak Tours initially identified active retirees living in the retirement community nearby as one of its target markets
Delicious77 [7]

Answer and Explanation:

D. Lifestyle; macromarketing

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4 years ago
When quantity demanded is completely unresponsive to​ price, what is the value of price elasticity of​ demand?
skad [1K]

Answer:

PeD = 0

Explanation:

Price elasticity of demand is the responsiveness of quantity demanded when there is a change in price. An elastic demand means that when price changes the quantity demanded changes by more than the proportionate change in price. measured as

Ped = % change in Quantity demanded / % Change in Price

An elasticity value of between 0 and 1 is regarded as inelastic demand as quantity changes by less than the proportionate change in price.

Value of 1 is considered unitary elastic as an equal proportionate change occurs.

Greater than 1 is elastic demand where the change is more than proportionate.

When there is absolutely no change the demand is perfectly inelastic and the demand curve is vertical. This yields a value of 0 as there is no observed change in quantity demanded given a change in price.

Hope that helps.

6 0
3 years ago
From the bank reconciliation no entry was recorded for a debit memo for a new check fee expense. this would cause:________
SOVA2 [1]

Answer: expenses to be understated

Explanation:

4 0
2 years ago
In a cost-benefit analysis, a software package that permits an organization to offer its customers expanded services would be co
velikii [3]

Answer:

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Explanation:

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In this instance the software package permits an organization to offer its customers expanded services, therefore there is an opportunity to increase revenue.

6 0
4 years ago
Read 2 more answers
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