What is the average increase, Business Economics

Assignment Help:

Question

(a) The XYZ Election Commission maintains data showing the voting age population, the number of registered voters, and the turnout for federal elections. The following table shows the national voter turnout as a percentage of the voting age population from 1972 to 1996.

Year      % Turnout     Year      % Turnout
1972             55            1986           36
1974             38            1988           50
1976             54            1990           37
1978             37            1992           55
1980             53            1994           39
1982             40            1996           49
1984             53

Determine a forecast of the percentage turnout in 1998 by using exponential smoothing with α = 0:1.

(b) The ABC Music Company has been in business for 5 years. During that time, the sale of electric organs has grown from 12 units in the first year to 76 units in the most recent year. The firm's owner wants to develop a forecast of organ sales for the coming year based on the historical data shown below.

Year       1    2    3    4    5
Sales     12  28  34  50   76

(1) Use the method of least squares to develop a straight-line approximation of the relationship between the two variables.

(2) What is the average increase in sales per year for the firm?


Related Discussions:- What is the average increase

Constraints in Marris’ Growth Maximisation Model, Explain Marris’ Growth Ma...

Explain Marris’ Growth Maximisation Model in detail. Explanation of the model Constraints Demerits

What are the restrictions of lewis, What are the restrictions of Lewis? ...

What are the restrictions of Lewis? The restrictions of Lewis: • Assumes complete employment in urban regions. Evidence recommend otherwise • Raised profits may be inves

What is dependency theory, What is dependency theory? Dependency The...

What is dependency theory? Dependency Theory: Dependency theory uses economic and political theory to describe how the procedure of international trade and domestic deve

Does the structure of the population issue, Does the structure of the popul...

Does the structure of the population issue? Dependents into an economy, children as well as old people are assists by the economically active. Dependency ratio uses to measure

Instituition, Define institutions in the context of business strategy, and ...

Define institutions in the context of business strategy, and explain the role of institutions when considering entering a foreign market. Explain the role of culture in how these i

Goods and servies, Make a list of businesses that provide goods and service...

Make a list of businesses that provide goods and services that you or your family members use in a typical week. For instance, do you stop at the service station on your way to sch

How can the role of government in development be assessed, How can the role...

How can the role of government in development be assessed? Increasingly governments are judged through the outcome of their policies within achieving above average development

Ch.5 Review question # 4, Why are countries that let people respond to the...

Why are countries that let people respond to the inborn profit motive better off than those countries that do not?

EM13797862M27, I am asking for a refund on this item #. I submitted the ans...

I am asking for a refund on this item #. I submitted the answers I thought were all right on this quiz and my score came back 18 right out of 30. Not happy that I am spending money

Agriculture economics, A1. Given the following production function Level of...

A1. Given the following production function Level of fertilizer Level of maize 0 0 1 44.9 2 83.6 3 110.1 4 127.3 5 136.9 6 139.9 7 137.1 8 129.2 a) Calculate the APP, MPP and elas

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