Describe forecasting methods using in real-life

Assignment Help Basic Statistics
Reference no: EM13121636

Choose one of the forecasting methods and explain the rationale behind using it in real-life. Describe how a domestic fast food chain with plans for expanding into China would be able to use a forecasting model.

Reference no: EM13121636

Questions Cloud

What is the equilibrium price and quantity of coffee : The quantity of coffee demanded Qd depends on the price of coffee Pc and the price of tea Pt the quantity of coffee supplied Qs depends on the price of coffee Pc and the price of electricity P e .
Why is this a useful property of the trp repressor : What would happen to the regulation of the tryptophan biosynthesis enzymes in cells that express a mutant form of Trp repressor that (i) cannot bind to DNA or (II) binds to DNA even if no tryptophan is bound to it?
Calculate [h+], [oh -], and the ph for this solution : A solution is prepared by mixing 63.0 mL of 5.00 M HCl and 20.0 mL of 8.00 M HNO3. Water is then added until the final volume is 1.00 L. Calculate [H+], [OH -], and the pH for this solution.
Explain how should the grantee enterprise fund statement : At the end of the first fiscal year, $3,000,000 has been spent on the project. $1,500,000 has been collected from the grantor. Explain how should the grantee's Enterprise Fund statement of cash flows report the cash inflows?
Describe forecasting methods using in real-life : Describe how a domestic fast food chain with plans for expanding into China would be able to use a forecasting model.
What consequences would the presence of such a mutant trna : What consequences would the presence of such a mutant tRNA have for the translation of the normal genes in this cell?
Allowance method to account for bad debts : Management uses the allowance method to account for bad debts and believe that ultimately that 5% of the year-end balance in Accounts Receivable will not be collected.
Calculate the amount stansfield should report as net cash : Calculate the amount Stansfield should report as net cash provided (used) by financing activities in its 2010 statement of cash flows. (Enter amount as positive.)
Why is it advantageous of an organism to be diploid : Why is it advantageous of an organism to be diploid? Why is it a disadvantage to a geneticist who might wish to study the organism? Why is it advantageous for a diploid organism to produce haploid gametes in order to reproduce itself?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Estimate the probability of level for the companies fleet

Carbon monoxide (CO) emissions for a certain kind of car vary mean 2.4 g/mi and standard deviation 0.7g/mi. A company has 60 of these cars in its fleet. Let y represent the mean CO level for the companies fleet. Estimate the probability that y is ..

  Negative tests for hypertension

What is the predictive value of a negative test result? In other words, what is the probability that an individual who returns a negative tests for hypertension is not hypertensive? Please give your answer to 3 decimal places.

  Find the minimum sat score

Estimating the individual score using normal distribution and find the minimum SAT score needed to be accepted?

  Correlating product and attribute ratings

Market researchers use it by correlating product attribute ratings with a dependent measure such as overall satisfaction. They then rank the product attributes to determine which attributes are the most important. They call this Key Driver Analysi..

  Compute expected return-standard deviation of return

You are interested in investing, and are considering a portfolio comprised of the following two stocks. Their estimated returns under varying market conditions are provided:

  What is the overall reliability of the system

A product is made up of two subsystems in parallel. Subsystem one consists of ten elements in series each with a failure rate of 1/100. The second subsystem consists of 5 elements in series each with a failure rate of 1/200. What is the overall re..

  Utilizing six sigma tools for statistical significance

Cite an example of your experience with applying Six Sigma tools for Statistical significance in the workplace. If you do not have an actual example, suggest a situation or context in which the tools would provide valuable quality improvement help..

  Comparing higher proportion of satisfied customers

At the 5% level of significance, can we infer that branch A has a significantly higher proportion of satisfied customers than branch B?

  Probability and odds in favor of event

The odds in favor of an event are the number of successes divided by the number of failures. The probability of this event occurring is the number of successes divided by the sum of the number of successes and the number of failures.

  Expected return-standard deviation of portfolio

Compute the expected return and standard deviation of each of the two securities. Assume Miss Maple invested $2,500 in Security A and $3,500 in security B. Calculate the expected return and standard deviation for her portfolio.

  Multivariate contingency analysis to a zero table

A researcher hypothesizes that parents with school-aged children are more likely to vote in favor of a referendum increasing public school construct a zero order school referendum attitude table by parenting status?

  Significance of the difference between two groups

When groups are more alike than different, ANOVA assesses the significance of the difference between two groups. When groups are unalike, will findings be more significant?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd