What do you mean by Producer's Equilibrium ?????
2 answers:
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Answer: The manager should include 7 independent variables in her multiple regression analysis .
Explanation:
Given : The manager wants to forecast annual sales revenues of snekers of different categories.
The given categories are :-
Sports , color , gender.
Also when we have a categorical variable that assumes n different divisions then the number of dummy explanatory variable for multiple regression will be n-1.
Number of types of sports = 3
⇒ Number of dummy variables for types of sports = 3-1 =2
Number of types of color = 5
⇒ Number of dummy variables for types of color = 5-1 =4
Number of types of gender = 2
⇒ Number of dummy variables for gender = 2-1 =1
Now, the total number of independent variables =
Hence, the manager should include 7 independent variables in her multiple regression analysis .
Answer:
2.7
Explanation:
The inventory turnover is defined as the ratio between the cost of merchandise sold during the year and the average inventory.
Average inventory can be defined as the mean between initial and ending inventory. The inventory turnover is:
The inventory turnover ratio is 2.7.