Quantitative method, Mathematics

Assignment Help:

Year

1

2

3

4

5

6

7

8

9

10

Corn revenue

40

44

46

48

52

58

60

68

74

80

fertilizer

6

10

12

14

16

18

22

24

26

32

 The forecasting approach falls into qualitative and quantitative methods.

Quantitative method is divided into causal method and trend projection. Please select at least 2 appropriate models from quantitative method to generate a forecasting model for the above data.

Based on your model to forecast the corn revenue in year 11 if (a) fertilizer input in year 11 is 36 and (b) no fertilizer input is given and assuming the inflation rate is 5% per year.(Inflation assumption is applied to Part (b) only).

Explain your proposed models, interpret your results, and specify the limitations critically.                                             


 


Related Discussions:- Quantitative method

Indicestitle.., Advantages and disadvantages of paasche indices

Advantages and disadvantages of paasche indices

Sqrt n- sqrt 8836, How many integers satisfy (sqrt n- sqrt 8836)^2 Solutio...

How many integers satisfy (sqrt n- sqrt 8836)^2 Solution) sqrt 8836 = 94 , let sqrt n=x the equation becomes... (x-94)^2 (x-94)^2 - 1 (x-95)(x-93) hence  93 8649  the number o

Complement of a set, Need solution For the universal set T = {1, 2, 3, 4...

Need solution For the universal set T = {1, 2, 3, 4, 5} and its subset A ={2, 3} and B ={5, } Find i) A 1 ii) (A 1 ) 1 iii) (B 1 ) 1

What is trigonometric ratios, What is Trigonometric Ratios ? Trigonome...

What is Trigonometric Ratios ? Trigonometry, a branch of mathematics, is based on the ratios known as sine, cosine, and tangent. Trigonometric ratios apply only to right trian

Combinations, evaluate the expression a) 10C4 b) 10P4.....I do not under...

evaluate the expression a) 10C4 b) 10P4.....I do not understand this

Sequences, what is the answer to 2.1 to 4.2

what is the answer to 2.1 to 4.2

The parallelogram, love is a parallelogram where prove that is a rectangle...

love is a parallelogram where prove that is a rectangle

two women may stand behind each othe, How many ways can six men and three ...

How many ways can six men and three women form a line if no two women may stand behind each other?

Write Your Message!

Captcha
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