Question: Please help me with problem 2, the question is stated below Problem 1. When John started his freshman year at GYVU= his parents decided to

Please help me with problem 2, the question is stated below

Please help me with problem 2, the question is stated below Problem

Problem 1. When John started his freshman year at GYVU= his parents decided to create a basket of items that included his spending on major items so they can track his spending and compute ination rates for the basket. John is now a junior (nishing up his 6\"I semester at GWU). His parents have the complete data until the end of 5'11 semester. To save you computation time= I included only three items from the basket\" Item 1: Textbook\" Item 2: Eating at High End Restaurants\" Item 3: Electronic itemsJ'Cell phonesi'laptopftablet\" (.1 Quantity of items Average Price of each item [$}\" t Semester 1 2 3 t Semester 1 2 3 .\" 1 S 1 7" 3 5 1 S 1 $710 $3 5 $200\" 2 S2 5 5 2 2 S2 $100 $50 $500\" 3 S3 3 2 3 3 S3 $60 $80 $400\" 4- S4 10 4- '0 4- S4 $80 $40 $300\" 5 S5 6 5 1 5 S5 $120 $50 $900\" 6 S6 6 S6 \" (.1 Use the information provided above, answer (compute) all the questions [CPIs] below:\" a) Laspeyres price index for Semester 4 (S4) 1 point\" b) Paasche Price Index for Semester 4 (S4) 1 point\" c) Fisher for Price Index for Semester4 ($4) 0.5 point\" d) Lowe's Price Index for Semester 4 (S4) 1 point For this, use S3 basket as the base\" e) Establish a Run chart (Chapter 13) for textbook price only (identify the center line and upperfoontrol limits using the data provided) here, your answer can be based on the total spending on the textbook per semester or average spending on the textbookyou decide on the chart you prefer --- All I want for you is to establish a norm (center line and upperower control limits based on 6sigma rule) 1 point\" Problem 2. Using the average price spent on Electronic itemst'Cell phonesl'laptuzipr'ulbleth provided above, as our time series data, \" a) Using the moving average of two period forecast the spending onthis item for Semesters 6 and 8 [0.5 pt)\" '0) Using simple exponential smoothing method and w=0.60, forecast the spending for this item in Semesters 6 and 8 (1 pt)\" c) Using double exponential smoothing (Holt's) method and w=0.60, 13:0.2, forecast the spending for this item in Semesters 5 and S (1.5 pts)\" (.1

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