Prediction on the edges

Assignment Help Business Economics
Reference no: EM132090902

A research ?ts a polynomial regression to his data, but ?nds that the prediction on the edges of his dataset are wildly inaccurate. Explain why this happens and suggest a possible solution.

Reference no: EM132090902

Questions Cloud

Bidding on follow up government contract : Jack Simpson, contract negotiator for Nebula Airframe Company, is currently involved in bidding on a follow up government contract.
Difference between a strategy-a vision and a mission : What is the difference between a strategy-a vision and a mission?
Design vlan structure for each location : A client of your consulting company has three retail locations in different cities requiring the use of VLANs and WLANs to handle the network traffic created.
Horizontal or vertical market for cyber security products : Analysis of horizontal or vertical market for cyber security products and services during "lightning round" panel for your CISO's monthly "brown bag" luncheon.
Prediction on the edges : A research ?ts a polynomial regression to his data, but ?nds that the prediction on the edges of his dataset are wildly inaccurate.
Determine expected number of customers in the system : Determine · Expected number of customers in the system, including those being served. Expected number of customers in the queue, excluding those being served.
Some of the concerns about outsourcing : Which of the following is not the reason to make? Some of the concerns about outsourcing are:
Review the companys page on this social media site : Based on your review, provide an example of one situation where the company used the site to address a customer concern or complaint.
Enhance the democratic process : Do you think that the current super PACs are harmful or if they enhance the democratic process—or something in between?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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