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Orlov [11]
2 years ago
8

Consider the data in the Excel file Consumer Price Index. Use simple linear regression to forecast the data. What would be the f

orecasts for the next two months? (Your regression equation should be look like CPI = a + b T. The T is year and 1990=1; 1991=2; 1992=3; 1993=4; 1994=5; 1995=6; 1996=7; 1997=8; 1998=9; 1999=10) Year CPI 1990 169.3 1991 170.0 1992 172.4 1993 175.3 1994 177.2 1995 176.8 1996 179.1 1997 180.1 1998 ? 1999 ?

Business
1 answer:
Digiron [165]2 years ago
3 0

Answer:

CPI(1998) = 182.32

CPI(1999) = 183.94

Explanation:

1.  

Using excel regression analysis, the regression results are below:

This gives regression equation as: CPI = 167.73 + 1.62T

Kindly check the attached image below for the step by step explanation.

In order to find CPI values for 1998 and 1999, substitute value of T = 9 and 10 respectively

This gives:

CPI(1998) = 182.32

CPI(1999) = 183.94

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explain the roles of directors of the company and the roles of auditors using the categories provided explain in three points ex
Fed [463]

Answer:

directors are the trustees of the company's money and property, and also act as agents in the transaction which they enter into on behalf of the company. Directors are liable as trustees for breach of trust, if they misapplied the funds or committed breach of byelaws of the company.

An auditor is an authorised personnel that reviews and verifies the accuracy of financial records and ensures that companies comply with tax norms. They primarily objective is to protect businesses from fraud, highlight any discrepancies in accounting methods, among other things.

4 0
2 years ago
(Economics) Under what circumstances would corn be considered a commodity?
fgiga [73]

Answer:

C. If you traded it.

Explanation:

3 0
3 years ago
The following table presents Generic Motors Company's production budget. GM's inventory policy is to have ending inventory equal
Irina18 [472]

Answer:

a.

________________________________February__March__April

Ending inventory 20% of next Months sale _3400___3600__5,000

Beginning inventory__________________ 2,000__ 3400__ 3600

Budgeted sales _____________________ 13,000__17,000_ 18,000

Budgeted production_________________ 14,400__ 17,200_ 19,400

b.

Firms wants to hold the finished goods inventry in order to deal with the future demand

Explanation:

a.

Use the following formula to calculate the Budgeted production

Budgeted Production = Beginning Inventory - Ending Inventory + Busgeted Sales

Working

________________________________February__March__April

Ending inventory 20% of next Months sale _3400___3600__5,000

Less: Beginning inventory______________2,000__ 3400__ 3600

Add: Budgeted sales _________________ 13,000__17,000_ 18,000

= Budgeted production________________14,400__ 17,200_ 19,400

b.

The finished goods inventory is held to deal with the future market demand. If the firm produce the uniits equals o the current demand then in case of increase in demand or unexpected demand increase the firms will not be able to fulfil the demand and will lose the opportunity.

6 0
2 years ago
Which of the following statements is correct?
Eddi Din [679]

Answer:

The correct answer is D

Explanation:

Under the periodic inventory system, the companies evaluate the COGS (Cost of goods sold) at the end of the accounting year or the fiscal period. And the details of the goods on hand which are not available, in this system.

And under the perpetual inventory system, this offer better control over the inventories rather than the periodic inventory system. And this system requires the COGS (Cost of goods sold) to be acknowledged at the time of sale and it contain the more accurate value of goods on hand.

Therefore, the statement which is correct is that the perpetual inventory system, offer better control over inventories.

5 0
3 years ago
price discrimination will occur when a firm can segment its existing and potential customers into different groups based on:
lana [24]

Customers whose demand has a higher degree of price elasticity will pay less.

<h3>How Does Price Discrimination Occur and types of Price Discrimination?</h3>

Price discrimination is a marketing tactic where sellers charge clients various prices for the same good or service depending on what they believe will win the customer over. A merchant that practices pure price discrimination will impose the highest price possible on each customer. The more typical types of price discrimination involve the vendor classifying clients into groups according to particular characteristics and charging each group a different price.

There are three types of price discrimination:

First-Degree Price Discrimination:  when a company charges the highest price per unit of consumption.

Second-Degree Price Discrimination: when a business offers discounts for large orders or imposes various prices on customers depending on how much they eat.

Third-Degree Price Discrimination: when a business charges varied prices to various customer segments.

To know more about Price Discrimination visit:

brainly.com/question/17272240

#SPJ4

8 0
1 year ago
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