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Olenka [21]
3 years ago
7

A​ check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks

received in June was 42 ​million, while the forecast was 42 million. A smoothing constant of 0.15 is used. A) What is the forecast for July?B) If the center received 45 million chekcs in July, what would be the forecast for August?C) Why might this be an inappropriate forecasting method for this situation?
Business
1 answer:
aliina [53]3 years ago
5 0

Answer:

A. Forecast for July = 42.

B. Forecast for August = 42.45

C. Because of seasonality in the banking industry.

Explanation:

A. Forecast for July = Forecast for June + Smoothing constant x (Forecasting error)

                                 = 42 + 0.15 (42-42) = 42

B. Forecast for August = Forecast for July + 0.15 (Forecasting error)

                                      = 42 + 0.15 (45-42) = 42.45

C. Because there is a great deal of seasonality in the processing requirements of banking industry, this forecasting method (exponential smoothing) might not be appropriate for this situation.

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Suppose two countries initially start off at the same GDP per capita in 1940. After 70 years the countries have large difference
Aneli [31]

Answer:

The contrast in GDP per capital growth relative to productivity growth between the two countries and the effect of compounding decrease

Explanation:

Solution

The GDP growth rate relative productive growth was one of the prime factors of total growth during the late 20th century.

The more technological investment, the higher was the productivity together with compounding could have played a vital role.

By compounding it refers to the reinvestment with the aid of established generated revenue. this implies that capital is used to its fullest thus increasing productivity. thus maybe the country with Low GDP per capital might have experienced a decrease, then compounding further abetting a downturn in the GDP growth rate.

6 0
3 years ago
A company’s production budget requires the following units of a single product for the upcoming year: 1st quarter 60,000 units 2
maks197457 [2]

Answer:

165,000 pounds

Explanation:

A Purchase Budget is required to determine the quantities and cost of purchases required for use in production.

Materials Purchase Budget for Second Quarter (Pounds)

Budgeted Production Materials (80,000 x 2)                    160,000

Add Budgeted Closing Materials (90,000 x 2 x 25%)        45,000

Total Materials                                                                     205,000

Less Budgeted Opening Materials (80,000 x 2 x 25%)    (40,000)

Budgeted Material Purchase (pounds)                               165,000

Therefore,

Budgeted purchases of material for the second quarter would be 165,000 pounds

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4 years ago
PLS HELP, look at the photo and lmk which is the correct answer
jekas [21]
Just use quiz lit and it’ll give you all the answers you need
6 0
3 years ago
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goblinko [34]

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