Refer to the exponential model given in Problem 16.42. a. What is the fitted value of the
Question:
Refer to the exponential model given in Problem 16.42.
a. What is the fitted value of the series in the fourth quarter of 2018?
b. What is the fitted value of the series in the first quarter of 2018?
c. What is the forecast in the fourth quarter of 2019?
d. What is the forecast in t he first quarter of 2019?
Problem 16.42
In forecasting a quarterly time series over the five-year period from the first quarter of 2014 through the fourth quarter of 2018, the exponential trend forecasting equation is given by
w here quarter zero is the first quarter of 2014 . Take the antilog of the appropriate coefficient from this equation and interpret the
a. Y intercept, b0.
b. Quarterly compound growth rate.
c. Second-quarter multiplier.
log Y; = 3.0 + 0.10X; - 0.250, + 0.200, + 0.15,
Step by Step Answer:
To solve the given questions well use the exponential trend forecasting equation provided in Problem 1642 log hat Yl 3 01Xl 025Q1 02Q2 015Q3 Where log hat Yl represents the logarithm of the predicted ...View the full answer
Statistics For Managers Using Microsoft Excel
ISBN: 9780135969854
9th Edition
Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat
Students also viewed these Mathematics questions
-
Refer to the exponential model given in Problem 16.42. a. What is the fitted value of the series in the fourth quarter of 2008? b. What is the fitted value of the series in the first quarter of 2008?...
-
Refer to the exponential model given in Problem 16.42. Exponential Model Problem 16.42 a. What is the fitted value of the series in the fourth quarter of 2013? b. What is the fitted value of the...
-
Refer to the exponential model given in Problem 16.42. a. What is the fitted value of the series in the fourth quarter of 2011? b. What is the fitted value of the series in the first quarter of 2011?...
-
9. What is the coordination entity formed when excess of aqueous KCN is added to an aqueous solution of copper sulphate? Why is it that no precipitate of copper sulphide is obtained when H2S(g) is...
-
Are the self-regulatory attempts by the food and beverage industry enough in regard to regulating food marketing to children? What, if anything, additional would you propose? Explain.
-
William Thomas intends to purchase a tractor on credit. Two local implement dealers have offered him the following payment plans for identical tractors: 1. Redd Truck & Tractors plan calls for five...
-
The Student Winner was Ulf Aslak Jensen, for the video "How People Gather: An Interactive Visualization Approach." Watch this video, and answer the following questions: (a) What data are this video...
-
Simco Blenders makes different kinds of electrical blenders, mixers, and grinders for various kitchen needs. These products are powered by small electric motors. Presently, Simco buys these motors...
-
Describe the physical principles that explain electric motors and generators and the conceptual similarities between these devices. Showing your thoughts by drawing pictures.
-
Beth died on May 3, 2019. Her executor elected date-of-death valuation. Beth's gross estate included, among other properties, the items listed below. What is the estate tax value of each item? a....
-
The data in Target are quarterly revenues (in $millions) for Target from 2000-QI through 2019-QI. a. Do you think that the revenues for Target are subject to seasonal variation? Explain. b. Plot the...
-
Using the data for the number of automobiles assembled in the United States for Problem 16.17 and Problem 16.29 (stored in Auto Production), a. Perform a residual analysis for each model. b. Compute...
-
Write an outline of what you would like to see in a forecast presentation from the perspective of a manager who needs to use the forecast.
-
Discuss the attributes of lean production, and identify some of the companies that have been pioneers in this organizational form.
-
Some 52 percent of all CEOs of the largest Swiss companies are from overseas. Why might this be the case?
-
Disruptive technologies and business models continue to have a huge impact on markets. What are the current trends and predictions?
-
Describe how companies in global industries pursue competitive advantage.
-
What is the relationship between the Blue Ocean Strategy framework and the notion of competitive advantages?
-
Let K be a positive definite 2 2 matrix. (a) Explain why the quadratic equation xT Kx = 1 defines an ellipse. Prove that its principal axes are the eigenvectors of K, and the semi-axes are the...
-
Identify one local business that uses a perpetual inventory system and another that uses a periodic system. Interview an individual in each organization who is familiar with the inventory system and...
-
The file contains calories, protein, and cholesterol of popular protein foods (fresh red meats, poultry, and fish). a. Compute the correlation coefficient between calories and protein. b. Compute the...
-
The file Hotel Price contains the prices in English pounds (about US$1.56 as of January 2012) of a room at two-star, three-star, and four-star hotels in cities around the world in 2011. (Data...
-
The file Property Taxes contains the property taxes per capita for the 50 states and the District of Columbia. a. Compute the mean, median, first quartile, and third quartile. b. Compute the range,...
-
F. Pierce Products Inc. is financing a new manufacturing facility with the issue in March of $20,000,000 of 20-year bonds with semiannual interest payments. It is now October, and if Pierce were to...
-
Watch the video, Critical Theory, Social Justice and Christianity: Are they Compatible? https://www.youtube.com/watch?v=qnmJX5hEenY&t=2894s&ab_channel=NOBTSApologetics Review the articleThe...
-
Describe an example of a data privacy law or any obstacle to international legislation that pertains to data privacy.
Study smarter with the SolutionInn App