Wayne Banker is in charge of planning water usage for agriculturally intensive Burke County. August is the peak month of water usage for Burke County. Wayne has collected the following statistics from the past 15 years, showing the total March–June rainfall (in inches), average daily high temperature in July, and number of acre-feet of water used in August by farms in the area. Wayne wants to know if he can predict how much water will be needed in August, given the March–June rainfall and July temperature data. Use Excel’s regression function to develop a multiple regression forecast for Wayne. What is the R2 for the model? Use the model to forecast water usage for 1998–2013. Calculate the MFE and MAPE for the model. In your opinion, how good is the model?
in his gross income for...... ... purposes. Other than the amount of the Social Security benefits and excluded foreign income, what information do you need to know to make the determination? (Points will be deducted for...
of customers choose salad instead of fries with their main course. A random sample of 50 customers reveals that 14 chose salad instead of fries. What can you tell the diner\'s owner on the basis of this sample? Use ? = 4%.
z-score, and determine whether the alternative hypothesis is supported at the 0.05 significance level.1.5 for Ha: u Assume that male births and female births are equally likely. The following table shows the probabilities of various...
of $900,000 for repair of a state highway. The company receives an initial payment of $300,000 with the balance to be received the following year.Scenario 2: Rolling Stone magazine typically charges $80 for...
$75,000 and $55,000, respectively, on January 1, 2012, the beginning of the current fiscal year. On April 10, Menendez invested an additional $12,000. During the year, Menendez and Breeden withdrew $44,000 and $35,000,...
balance sheet for Sherman Equipment Co. for Year 2. Hint Some of the items will not appear on elther statement, and ending retained earnings must be calculated.) (Balance Sheet only: Items to be deducted must be indicated...
beginning of the current year. Aaron and Deanne each contributed $110,000 and Keon transferred an acre of undeveloped land to the partnership. The land had a tax basis of $70,000 and was appraised at $180,000. The land was also...
a two- period weighted moving average and exponential smoothing model for a set of demand numbers, as well as the resulting MFE and MAD values. Re-create this spreadsheet in Excel. While your formatting does not have to be...