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Andrei [34K]
3 years ago
13

The numbers of copies of a college textbook sold quarterly over the past four years are: Since the time series has trend and sea

sonal pattern, to forecast the quarterly sales of the textbook, the following regression equation was found:
yt= 2120 - 620 Qtr1t - 1320Qtr2t+290Qtr3t + 24t

where Qtr1t , Qtr2t and Qtr3t are dummy variables corresponding to Quarters 1, 2 and 3, and t = time period.

The sales forecast for Quarter 4 of the next year is:_______

a. 2600
b. 1232
c. 2006
d. 1874

The sales forecast for Quarter 1 of the next year is

a. 1908
b. 1432
c. 2206
d. 1874
Business
1 answer:
zavuch27 [327]3 years ago
8 0

Answer:

  1. 2,600 textbook.
  2. 1,908 textbooks.

Explanation:

1. The equation is based on the past four years so in calculating the time period for Quarter 4 next year, the time period is:

t = (4 * 4 periods) + 4 periods next year

t = 20

Sales forecast is therefore:

= 2,120 + 24t

= 2,120 + 24 * 20

= 2,600 textbooks

2. The time period will be:

t = (4 * 4 periods) + 1 quarter

t = 17 quarters

Sales forecast:

= 2,120 - 620 + 24t

= 2,120 - 620 + 24 * 17

= 1,908 textbooks.

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Answer:

<u>involuntary employment</u>

<u>Explanation:</u>

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4 0
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What makes Ford a successful business?
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The key is efficiency. Ford and his business were captains of efficiency, from mass manufacturing via the factory line to economical individual effort. Ford Motor Company produced cars swiftly assembly line.

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6 0
9 months ago
A firms have no incentive to enter or exit the industry. Select one: a. market price is equal to minimum long.run average cost.
Artyom0805 [142]

Answer: The correct answer is "d. all of the above"

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- market price is equal to minimum long-run average cost.

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6 0
3 years ago
inventory Turnover and Days' Sales in Inventory The following financial statement data for years ending December 31 for Holland
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Answer:

                                            Year 2014           Year 2013

a) Inventory Turnover ratio 3.4 times  and   3.1 times

b) Number of days' sales in inventory 107.3 days and  117.7 days

Explanation:

As per the data given in the question,

As we know that

Inventory turnover ratio = Cost of goods sold ÷ Average inventory

where,

Average inventory

= (Beginning inventory + ending inventory) ÷ 2

For Year 20Y4 :

Average inventory = ($359,160 + $516,840 ) ÷2

= $438,000

And, the cost of goods sold is $1,489,200

So,

Inventory Turnover ratio

= $1,489,200 ÷ $438,000

= 3.4 times

For Year 20Y3 :

Average inventory = ($251,120 + $359,160) ÷ 2

= $305,140

And, the cost of goods sold is $945,934

So,

Inventory Turnover ratio

= $945,934 ÷ $305,140

= 3.1 times

Now

Number of days' sales in inventory = Number of days in a year ÷ Inventory Turnover ratio

For 20Y4

= 365 days ÷ 3.4

= 107.3 days

For 20Y3

= 365 days ÷ 3.1

= 117.7 days

Basically we applied the above formulas

4 0
3 years ago
An organization that collects and distributes money to candidates is known as a(n)_______.
MA_775_DIABLO [31]

Answer:

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