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

Calculate the npv and irr, You are evaluating a project in the country of E...

You are evaluating a project in the country of Expropriationstan. You estimate end-of-year cash flows as follows. Assume your discount rate for evaluating projects of this sort in

Calculate average total cost, Calculate Average Total Cost A perfectly ...

Calculate Average Total Cost A perfectly Competitive firm is operating at a profit-maximizing level of output, q*. This output level is 500 units. At this output level, the

Double – dip recession, The word double-dip is a negative -situation .This ...

The word double-dip is a negative -situation .This scenario has economically shall move back and switch in to a deeper and longer worse situation. A double dip recession states to

Price elasticity of demand, Aska) Explain why each of the following factors...

Aska) Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the c

What are the differences among developing economies, What are the differenc...

What are the differences among developing economies? Developing countries are diverse. They can be different in terms of as: • Resource Endowment for example, a country is

Inflation, how does the effect of inflation affect the spending ability of ...

how does the effect of inflation affect the spending ability of fixed income earners

How can you find out where to put your management effort, Stakeholders have...

Stakeholders have various interests or ‘stakes’ in a project. How can you find out where to put your management effort? Preferably, all stakeholders will have closely same crit

Ethics, Discuss Morality in international context

Discuss Morality in international context

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