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a) The following table reports the Consumer Price Index for the Los Angeles area on a monthly basis from January 1998 to Decemeber 2000 (Base year = 1982-1984). Eliminating the data for 2000, use Excel to forecast the index for all of 2000 using a three - and six month average. Which provides a better forecast 2000 using the data provided?
b) Forecast the data for 2000 again in problem 1 with exponential smoothing with w= .3 and w = 0.7. Is this a better forecast than the moving average.
CPI 3-month Moving A-F (A-F)2 6-month Moving A-F (A-F)2 Average/Forecast (F) Average Forecast (F) 161 161.1 161.4 161.8 162.3 162.2 162.1 162.6 162.6 162.6 163.2 163.4 163.5 164.2 164.6 165 166.6 166.2 165.4 165.8 166.3 167.2 167.2 167.1 167.3 167.9 169.3 170.7 170.6 171.1 171 171.7 172.2 173.3 173.8 173.5 173.5
wITH CURRENT TECHNOLOGY, SUPPOSE A FIRM IS PRODUCING 800 MUFFINS DAILY. ALSO ASSUME THAT THE LEAST-COST COMBINATION OF RESOURCES IN PRODUCING THOSE MUFFFINS IS 4 UNITS OF LABOR, 8 UNITS OF LAND, 2 UNITS IF CAPITAL.
To fund its wars against Napoleon, the British government sold console bonds. There were referred to as "perpetuities" because they would pay 3 every year in perpetuity (forever). If a citizen could purchase a console for 25, what would its annual..
Evelyn has been shopping for a home entertainment system. Being a graduate of Dr. Corman's Personal Finance class, she has determined that she can afford $200 in monthly payments over 2 years. If she can get an 8% annual rate of interest
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The price of a cone is expressed in cents, and the quantities are expressed in cones per day. a. Create demand & supply tables corresponding to these equations. b. Graph supply and demand and determine equilibrium price and quantity
Suppose the income of buyers (Y) increases by 10 percent (calculated as change in Y/average Y) and, as a result, the quantity demanded of the good increases by 2 percent (calculated as change in Qd/average Qd). Check the correct statement(s): A. T..
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