1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Black_prince [1.1K]
3 years ago
14

A counseling service records the number of calls to their hotline for the last year. What is the forecast for August if the fore

cast for June was 164 and the service uses exponential smoothing with an alpha of​ 0.8?Month DemandJanuary 111February 127March 146April 159May 165June 165July 178August 182September 191October 208November 223December 228
Business
1 answer:
Valentin [98]3 years ago
3 0

Answer:

175.36

Explanation:

Given that,

Demand data for various month is given.

Forecast for July = 164

Alpha = 0.8

Calculation of forecast by using the exponential smoothing method:

F(t+1) = ∝Y(t) + (1 - ∝)F(t)

F(t+1) represents forecast value of (t+1)

∝ = Smoothing constant

Y(t) = Actual value of period t

F(t) = Forecast of period t

For the month of July,

F(t+1) = ∝Y(t) + (1 - ∝)F(t)

        = (0.8 × 165) + [(1 - 0.8) × 164]

        = 132 + 32.8

        = 164.8

For the month of August,

F(t+1) = ∝Y(t) + (1 - ∝)F(t)

        = (0.8 × 178) + [(1 - 0.8) × 164.8]

        = 142.4 + 32.96

        = 175.36

Therefore, the forecast for August is 175.36 if the forecast for June was 164.

You might be interested in
What is an example of what a business would write a check for​
Helga [31]

Answer:

To pay in taxes, to purchase goods to make things if the business is a factory etc. hope this helps

Explanation:

7 0
4 years ago
Protsky Inc. paid a dividend of $2.20 per share this year. The dividend growth rate for Protsky's dividends is 3 percent per yea
charle [14.2K]
Your answer is eight
5 0
3 years ago
A restaurant review published in the local newspaper is an example of ________.
V125BC [204]
<span>A restaurant review published in the local newspaper is an example of publicity. When the review they can increase the number of customers.now a days nobody is visiting restaurants without checking reviews. Negative reviews will definitely spoil the business. Hotel with more positive reviews using it for publicity.</span>
6 0
3 years ago
The following information is available on a depreciable asset owned by Mutual Savings Bank:
BARSIC [14]

Answer:

$4366.67

Explanation:

Given: Asset book value on july 1, year 3= $57800

          Salvage value= $5400

          Useful life left= 6 years.

Now, computing the depreciation expense under straight line method.

Formula; Depreciation= \frac{Asset\ book\ value - salvage\ value}{useful\ life}

Useful life in months= 6\times 12= 72\ months

Next, Depreciation expense= \frac{57800-5400}{72} = \$ 727.77

∴ Monthly depreciation expense= $ 727.77

Depreciation expense for last six months of year 3= 727.77 \times 6= \$ 4366.67

∴ Depreciation expense for last six month of year 3 is $4366.67.

3 0
4 years ago
The following book and fair values were available for Westmont Company as of March 1.
-BARSIC- [3]

Answer:

DR Inventory                                        $609,000  

     Land                                                 $1,086,750  

     Buildings                                         $2,138,250  

     Customer Relationships                $842,250  

     Goodwill                                           $965,750  

CR Accounts Payable                                           $102,000  

       Common Stock                                                       $56,400

       Additional Paid-In Capital                                     $1,353,600

        Cash                                                                       $4,130,000

Working

Common Stock = 28,200 shares * $2 = $56,400

Additional Paid in Cap = 28,200 shares * ( 50 - 2) = $1,353,600

DR Additional Paid-In Capital                            $32,400

CR Cash                                                                                $32,400

DR Professional Services Expense                   $49,800

CR Cash                                                                                $49,800

8 0
3 years ago
Other questions:
  • What is the difference between a marketing strategy and a marketing plan?
    15·1 answer
  • The present value of a lump sum future amount:
    10·1 answer
  • A trip arranged by a travel professional that has at least two travel components is called _____.
    6·2 answers
  • Which item(s) are tax deductible for consumers who are buying or renting a home?
    9·2 answers
  • The Devon Motor Company produces automobiles. On April 1st the company had no beginning inventories and it purchased 8,000 batte
    5·1 answer
  • River corp's total assets at the end of last year were $480,000 and its net income was $32,750. what was its return on total ass
    6·1 answer
  • Fiscal policy is the tax and spending decisions made by the president and
    7·1 answer
  • Berry Corporation has 100,000 shares of $10 par common stock authorized. The following transactions took place during 2017, the
    13·1 answer
  • (1 point) Why does the journalist think Enron's stock is overvalued?
    9·1 answer
  • You are in an car crash
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!