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klasskru [66]
3 years ago
14

Given the following historical demand and forecast, calculate the Mean Absolute Percentage Error: Week 1 Demand: 50 Forecast: 49

Week 2 Demand: 54 Forecast: 50 Week 3 Demand: 58 Forecast: 63
FE = D-F n FE RSFE RSFE = 27=1 FE; MFE = n n (FE;) 21-1|FEil MSE = MAD = n n FE; 2i=1 =FE TS = RSFE MAPE n MAD MAD about 6.0%
A. about 2.0%
B. about 18.0%
C. about 4.3%
D. about 1.00%
Business
1 answer:
klio [65]3 years ago
4 0

Answer:

A. about 2.0%

Explanation:

The forecasted error for week 1 is 1%. The demand for week 1 is 50 while estimated demand or forecast was 49. The difference between the two values is 1. The forecasted demand for week 2 is 50 while actual demand for week 2 is 54. The difference between the forecast and actual value is 4. The difference in week 3 is 5. Mean absolute deviation is 6% which means there can be 6% standard deviation from the forecasted values.

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Peanut crops have been destroyed by a fungus. Consumers are substituting almond butter for peanut butter because they perceive i
vladimir2022 [97]

The prices of both peanut butter and almond butter are rising because of the demand and supply forces.

<h3>What is Demand and supply?</h3>

Demand and supply forces are the deriving forces of the market which influence the prices of the commodities. Demand refers to the willingness and ability to purchase the commodity.  

Supply refers to the availability of the product and services in the market that to as per the requirement in the market. Thus both the terms are interrelated and interconnected to each other.

As per the above situation, the rise in the demand of the peanut butter is due the loss of the crop due to fungus with created shortage in the supply of the peanut in the market.

Thus people shifted to its substitute almond butter which rises the demand of the almond butter as well.

Therefore it increased the prices of the  both the kinds of the butter available in the market.

Learn more about Demand and supply here:

brainly.com/question/8650679

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6 0
2 years ago
When a market is monopolistically competitive, the typical firm in the market is likely to experience a a. positive or negative
vodka [1.7K]

Answer:

a

Explanation:

4 0
2 years ago
Variable versus absorption costing Colorado Business Tools, manufactures calculators. Costs incurred in making 9,500 calculators
sveticcg [70]

Answer:

Variable cost per unit = 7.15

Difference in profit = $2,325

Cost formula : Y =    3.1 + 7.15X

Explanation:

Variable cost per calculator =Full cost - Fixed cost per unit

Full cost= $10.25

Fixed cost per unit = Total fixed costs / Number of units

                          = $29,450/9,500 units= 3.1

Variable cost per calculator = $10.25 -  3.1  = 7.15

Difference in profit = OAR (fixed cost per unit)× change in inventory

                             = 3.1 × 750 = $2,325

The absorption costing profit would be higher if there is an increase in increase at the end of the period and vice versa. Hence , an increase in inventory by  750 units would mean that absorption costing profit is higher by $2,325

Cost of calculator

Y = a +bx

Y =    3.1 + 7.15X

Y- total cost per unit

Fixed cost per unit = 3.1

Variable cost per unit = 7.15

Variable cost per unit = 7.15

Difference in profit = $2,325

Cost formula : Y =    3.1 + 7.15X

8 0
2 years ago
At the beginning of the fiscal year, the balance sheet showed assets of $2,728 and stockholders' equity of $1,672. During the ye
inna [77]

Answer:

Year end stockholders' equity is $ 1.896

Explanation:

To determine the year end equity balances we need to find the opening balances of each of the components.

Assets = Liabilities + Stockholders' equity

The opening balances are:

$ 2,728 = Liabilities + $ 1,672

By solving the equation we determine the Opening Liabilities to be $ 1,056

Next stage is computing the ending balances of assets and liabilities

Year end assets = Opening assets + increase in assets

$ 2,728 + $ 148 = $ 2,876

Year end Liabilities = Opening Liabilities - decrease in liabilities

$ 1,056 - $ 76 = $ 980

Year end Equity = Year end assets - year end liabilities

$ 2,876 - $ 980 = $ 1,896

 

7 0
3 years ago
The ___________ lag for fiscal policy is generally ______ than it is for monetary policy.
Katarina [22]
<span>The Board of Governors of the Federal Reserve will intervene when its member banks run low on currency and coin. The Federal Reserve or the Fed is the American central bank. It was created in 1913 and its purpose is to implement the US government's monetary policy. The Fed is independent of the US Congress, but Congress is allowed to review the Fed's activities. The Board of Governers consists of seven members who are each appointed by the President of the United States</span>
5 0
3 years ago
Read 2 more answers
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