The income of the saxbys Experiential Learning Code at Bowie State University income for the period...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The income of the saxbys Experiential Learning Code at Bowie State University income for the period January-June 2021 is as follows: Month January February March April May June July Income (In thousands a=0.2 $) 55 58 66 65 72 75 a=0.4 A. Use exponential smoothing with a=0.2 and a=0.4 to forecast July income. Assume that the initial forecast for January for the exponential smoothing models is $60,000. B. Based on MAD, which of the model provides a better forecast? Justify your answer by showing all your calculations. C. Calculate the MSE from the two-month moving average model. Round your answer to 3 decimal places The income of the saxbys Experiential Learning Code at Bowie State University income for the period January-June 2021 is as follows: Month January February March April May June July Income (In thousands a=0.2 $) 55 58 66 65 72 75 a=0.4 A. Use exponential smoothing with a=0.2 and a=0.4 to forecast July income. Assume that the initial forecast for January for the exponential smoothing models is $60,000. B. Based on MAD, which of the model provides a better forecast? Justify your answer by showing all your calculations. C. Calculate the MSE from the two-month moving average model. Round your answer to 3 decimal places
Expert Answer:
Answer rating: 100% (QA)
A Exponential Smoothing with alpha02 62972 Exponential Smoothing with alpha04 63309 Exponential Smoo... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Answer the following questions based on the information for Cloud 9 presented in Appendix B of this book and in the current and earlier chapters. You should also consider your answers to the case...
-
Answer the following questions based on the information for Cloud 9 presented in the appendix to this text and the current and earlier chapters. You should also consider your answers to the case...
-
Answer the following questions based on the information for Cloud 9 presented in the appendix to this text, as well as the current and earlier chapters. You should also consider your answers to the...
-
In a test on 2000 electric bulbs, it was found that the life of a particular make was normally distributed with an average life of 2040 hos & S.D of bohos Estimate the ne of likely to burn for it...
-
Redo Problem 7.14 using the Mesri and Olson (1971) procedure given by Eq. (7.37). Void ratio, e k (cm/sec) 0.95....................0.2 10-6 1.6......................0.91 10-6
-
What area of law other than tort law do product liability actions often involve? Why are actions in that area often more straightforward than in tort law?
-
A U.S. Treasury bond pays a 7% coupon on January 7 and July 7. How much interest accrues per \($100\) of principal to the bond holder between July 7, 2013, and August 9, 2013? How would your answer...
-
The Southwick Company has the following balance sheet ($000): Financial Ratios Current ratio ........ 1.92 Quick ratio ....... 1.08 Debt-to-equity ratio ...... 0.79 Evaluate the impact of each of the...
-
Consider the activity-on-arc network diagram below: 1 2 C E 2 4 5 6 3 D 5 5 F G 7 2 8 2 2 1.1 Calculate the early and late event times for each activity in the project network dia- gram. (8) 1.2...
-
The city of Belgrade, Serbia, is contemplating building a second airport to relieve congestion at the main airport and is considering two potential sites; X and Y. Hard Rock Hotels would like to...
-
For the event of favorable forecast (F), compute the expected net profit of the new product: ENPFN = P(S|F)(10) + P(N|F)(-5) Expected value with favorable information = EVwFI = max (ENPFN, ENPE) A...
-
Govt of India has announced to list Life insurance corporation of India after an IPO and to disinvest 5% of it's stake. Elaborate as to what this measure can do to the Insurance industry and the...
-
$2,000 scholarship to the student with the top marks each year. Money earns 7% annually. How much money do they need to raise to endow the fund?
-
A perfectly competitive firm's production function is Q=17LK where Q is the amount produced, L is the amount of labour hired and K is the amount of capital used. P is the price that the firm gets for...
-
Assume we have a PLAM for $450,000 mortgage with a 30 year term and monthly payments. The "real" loan rate is 3%, with inflation rates of 3%, 4%, and 5% for years 1, 2, 3, respectively. What is the...
-
Summarize how market equilibrium in perfect competition results in productive efficiency and allocative efficiency.
-
A sold a parcel of land to B for Php20,000.00. In the deed of sale, there is a stipulation that the purchase price shall be paid on a certain date and that in case of failure to pay on such date, A...
-
The Strahler Stream Order System ranks streams based on the number of tributaries that have merged. It is a top-down system where rivers of the first order are the headwaters (aka outermost...
-
What options does an auditor have when material errors are found? Do these options vary for current-year misstatements and prior-year misstatements?
-
Answer the following questions based on the information presented for Cloud 9 in Appendix B to this book and in the current and earlier chapters. You should also consider your answers to the case...
-
McKesson & Robbins was a company at the centre of a famous fraud in the United States in the 1930s. Required (a) Research the facts of the McKesson & Robbins fraud and write a short description of...
-
Allister Company uses both debt capital and equity capital to fund new projects. The before-tax cost of debt capital is 12 percent. The cost of equity capital is 10 percent. Allister's effective tax...
-
Reconsider the results you obtained for the Allister Company in Problem 4. Assume that Allister's uses the WACC for MARR. a. For each case (a through e), use the estimation equation given in Equation...
-
GeoWorld Systems uses a subset of the following questions during the interview process for new engineers. For each of the following cases, determine if "the project" or "do nothing" is preferred. The...
Study smarter with the SolutionInn App