User Account

All Pages

What is the model''s estimate of computer services cost

Assignment Help Microeconomics
Reference no: EM13877033

Many colleges are experiencing financial difficulties because of increasing costs of computer maintenance and services. The dean of a college uses data from 1992 to 2011 and estimates the exponential trend model Costt = aebt from the data

ln Costt = 8.87 + 0.09 t

(a) What is the computer services cost for 2012 and 2013 based on this model?

(b) What is the model's estimate of computer services cost for year 1994 [this is called Back casting (as opposed to forecasting)]?

(c) If actual computer services costs for 2012 and 2013 are $44,700 and $46,800 respectively, what is the average of the percentage forecasting errors of the model.

Reference no: EM13877033

Questions Cloud

Estimates be the same as the estimates in the last problem : Use method One and find a natural exponential function M1t = ceβ t for the US money supply and Use the model and estimate the US money supply for months of August and September of 2012.
How did such treatment abuse the female form : Read "The Yellow Wallpaper" in the light of 19th century medicine. How did such medicine view the "female" ailment of "neurasthenia"? What was the "rest cure"? How did such treatment abuse the female form
What percentage change in average pce anticipated under jit : What is the percentage change in average PCE anticipated under JIT? Define the terms cycle time and processing (manufacturing) time. How can processing time be broken down further?
What is the annual rate of growth of m1 money supply : If the actual figure of the money supply for August and September were 2,339.0 and 2,373.8, what is the average percentage error of the model?
What is the model''s estimate of computer services cost : If actual computer services costs for 2012 and 2013 are $44,700 and $46,800 respectively, what is the average of the percentage forecasting errors of the model.
Calculate pce for plant under existing manufacturing layout : Define the term processing cycle efficiency (PCE). Given the estimated data below, calculate the PCE for your plant under the existing manufacturing layout and after the proposed implementation of JIT.
Paper - saltwater invasion in georgia : Prepare a 600 word paper in which you discuss the issue and potential solutions. Topic- saltwater invasion In Georgia (300 word each) no plagerism. Geologic principles involved in the issue
What does it say about him that he let his wife : If Macbeth was a loyal and trustworthy person, what does it say about him that he let his wife and emotions lead him to tyranny? What does that say about society
Determine the selling price of the car after five years : where P is the original price paid for the car. If P = 35000, determine the selling price of the car after 5 years. What is the rate of depreciation of the car after 7 years?

Reviews

Write a Review

Microeconomics Questions & Answers

  Relationship between the facts and the values

Analyze the ethics of one of the cases from the movie The Corporation - Identify the relevantfacts that need to be taken into account in order to analyze the case study

  Consider a perfectly competitive market consider a

consider a perfectly competitive market with an infinite number of firms. each firm has ltbrgtthe following long-run

  Determine the pros and cons of the method

Imagine that you are considering starting a company and have decided that you need a partner. Propose how you would find that ideal person. Determine the pros and cons of the method you choose.

  Woodco manufactures tables and chairs every table and chair

woodco manufactures tables and chairs. each table and chair must be made entirely out of oak or entirely out of pine. a

  Calculate producer surplus with monopoly

Draw demand, marginal revenue and marginal cost curves. Calculate and show how much this firm will sell and what they will charge. Calculate producer surplus with monopoly and the consumer surplus with monopoly. How much would be produced if this wa..

  Typical competitive market in equilibrium

The graph shows a typical competitive market in equilibrium. Private costs and benefits are reflected in the supply and demand curves labeled D and S, respectively. The price is $50 and 40 units are sold each period. To illustrate the effects of an e..

  Research design critique

The procedures followed in conducting the chosen research. Give a step-by-step explanation of what was done, how subjects were solicited

  How would you know demand has increased

How would you know demand has increased? (What is the first piece of information which would lead you to conclude that demand has increased?)

  Demand for health insurance-elastic or inelastic

How would you characterize your demand for health insurance -- elastic or inelastic? Does the price elasticity of health insurance vary with age, ethnicity, gender, etc.? Does it vary depending on the type of medical procedure needed? If a doctor fac..

  Find the critical value of the discount factor to collusion

Find the critical value of the discount factor to sustain collusion if the firms play a supergame and use grim punishment strategies.

  What is the impact on aw

Consider a $500,000 initial investment, annual savings of $92,500 for a 10-year period, a salvage value of $50,000, and a 10 % MARR applies. Using a spider plot, examine how sensitive the annual worth for the investment is to errors in estimating t..

  Automotive industry history-swott analysis

Brief history of the automotive industry, an automotive industry overview, and a SWOTT (Strengths, Weaknesses, Opportunities, Threats, and Trends) analysis of the automotive industry.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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