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deff fn [24]
3 years ago
6

Consider the following data set:

Business
1 answer:
Andrei [34K]3 years ago
4 0

Answer:

Kindly check explanation

Explanation:

To obtain the mean absolute deviation(MAD) :

Subtract the forecasted values from the actual values and find its absolute equivalent.

Error (E) = (Actual - forecast)

e1 - - - |e1| - - - - e2 - - - |e2| - APE1 - - APE2

6 - - - - 6 - - - - - 8 - - - - 8 - - 0.772 - - - 1.030

4 - - - - 4 - - - - - 2 - - - - 2 - - 0.507 - - 0.253

4 - - - - 4 - - - - - 2 - - - - 2 - - 0.504 - - 0.252

(-4) - - - 4 - - - - - (-18) - - 18 - 0.513 - - 2.308

(-2) - - - 2 - - - - (-6) - - - 6 - - 0.260 - - 0.781

11 - - - - 11 - - - - 9 - - - - 9 - - 1.412 - - - 1.155

(-1) - - - 1 - - - - - 1 - - - - 1 - - - 0.132 - - 0.132

14 - - - 14 - - - - 10 - - - 10 - - 1.783 - - 1.274

2 - - - - 2 - - - - (-2) - - 2 - - - 0.254 - - 0.254

3 - - - - 3 - - - - - 3 - - - 3 - - 0.379 - - - 0.379

MAD for forecast 1:

(Sum of |e1|) / number of observation

(6 + 4 + 4 + 4 + 2 + 11 + 1 + 14 + 2 + 3) / 10

= 51 / 10

= 5.1

MAD for forecast 2:

(Sum of |e2|) / number of observation

(8 + 2 + 2 + 18 + 6 + 9 + 1 + 10 + 2 + 3) / 10

61 / 10

= 6.1

MAPE = (Sum of absolute percentage error) / number of observations

Forecast 1:

(0.772 + 0.507 + 0.504 + 0.513 + 0.260 + 1.412 + 0.132 + 1.783 + 0.254 + 0.379)% / 10

= 6.516% / 10 = 0.6516%

MAPE Forecast 2:

(1.030 + 0.253 + 0.252 + 2.308 + 0.781 + 1.155 + 0.132 + 1.274 + 0.254 + 0.379)% / 10

= 7.818% / 10

= 0.7818%

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Answer:

The correct answer is letter "A": Student Fee.

Explanation:

Student Fees are the monthly or quarterly payments students make to access education in a university or college. The money polled is useful to fund different school activities such as implementing more books and study resources in libraries, improving the faculties' structures, and supporting students' activities such as research and sports.

7 0
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Describe the origins, purposes, and practices of the "long drive" and the "open range" cattle industry. What ended this brief bu
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3 years ago
On January 1, James Industries leased equipment to a customer for a five-year period, at which time possession of the leased ass
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Answer:

James Industries

The amount of the annual lease payments is:

= $207,878.86.

Explanation:

a) Data and Calculations:

Cost of equipment = $830,000

Normal sales price = $830,000

Residual value after 5 years = $200,000

Interest rate = 8%

Lease period = 5 years

From an online financial calculator:

Loan Amount  830000

Loan Term  5  years

Interest Rate  8

Results:

Payment Every Year   $207,878.86

Total of 5 Payments   $1,039,394.29

Total Interest   $209,394.29

Lease Payment Schedule:

Period    PV                      PMT                      Interest           FV

1           $830,000.00     $-207,878.86   $66,400.00    $-688,521.14

2            $688,521.14     $-207,878.86    $55,081.69  $-535,723.98

3          $535,723.98     $-207,878.86    $42,857.92  $-370,703.04

4          $370,703.04     $-207,878.86    $29,656.24  $-192,480.42

5          $192,480.42     $-207,878.86     $15,398.43  $0.00

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3 years ago
Marginal utility measures A. the slope of the budget line. B. the marginal rate of substitution. C. the slope of the indifferenc
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Answer:

The additional satisfaction from consuming one more unit of a good

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Marginal utility falls as consumption increases.

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I hope my answer helps you

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In the equation Y = C + I + G + NX, Question 4 options: Y represents the economy’s total expenditure. C represents household exp
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Answer:

Y represents the economy’s total expenditure

Explanation:

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G - Government Spending

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