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

State intervention approaches for promoting development, Explain the state ...

Explain the state intervention approaches for promoting development. State intervention can result within: • Large bureaucracies staffed through friends and relatives of the

ECONOMICS, A. CALCUATE THE OPTIOMAL MONEY GROWTH RATE NEEDED FOR THE FED TO...

A. CALCUATE THE OPTIOMAL MONEY GROWTH RATE NEEDED FOR THE FED TO HIT ITS INFLATION TARGET RUN

Explain the concepts of scarcity and opportunity cost, QUESTION (a) Usi...

QUESTION (a) Using diagrams where appropriate, explain the concepts of scarcity, choice and opportunity cost. (b) Distinguish between positive and negative externalities, il

#title.1. Given p=500-10Q. C1=5Q2 C2=50Q2, A. The correct duopolistic fi...

A. The correct duopolistic firm equilibrium o/p and price B. Equilibrium profit

Explain clearly what is meant by "dol"., QUESTION 1 (a) Explain clearly...

QUESTION 1 (a) Explain clearly the various sources of Industrial Law (b) The mutual consent of the contracting parties is required for a contract of employment to be valid, but

Growth stock and p/e ratio , Part 1 : Show the P/E ratio for each company. ...

Part 1 : Show the P/E ratio for each company. Answer the question: Which of these two firms seems to be more of a "growth stock"? Explain the reasons for your choice. Part 2:

Evaluate identical cash flows, Problem: (a) Companies A and B differ on...

Problem: (a) Companies A and B differ only in their capital structure. A is financed  by  30 percent debt and 70 percent equity; B is financed 10 percent debt and 90 percent eq

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