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

Foreign exchange market and arbitrage process, Foreign Exchange Market and ...

Foreign Exchange Market and Arbitrage Process: 1. Suppose that the Brazilian Real is quoted at R 0.9955-1.0076/US$ and the Thai Baht is quoted at B25.2513-3986/US$. What is

Briefly discuss the forms of legitimate governments, Question 1 Explain t...

Question 1 Explain the Orthodox and Liberal perspective of political theory Question 2 Critically analyse the institutional approach in comparative political analysis

Determine the best response functions of the firm, 1. Consider the market w...

1. Consider the market where there is product differentiation with two firms. The firms are choosing prices p1 and p2 and have demands given by q1 = 40 - 0.5 p1 + p2 q2 = 60

What is development process, What is development process? Development ...

What is development process? Development process: Development is measured through outcomes that are development occurs while key indicators of human well-being enhance. Th

Can less developed countries grow by secondary sector, Can economies grow o...

Can economies grow of less developed countries by developing its secondary sector? Economies grow of less developed countries by developing its secondary sector because manufac

Define the using influences of contract staff for is project, Define the us...

Define the using influences of contract staff for IS project. Use of contract staff: Such are frequently an unknown quantity.  It is reasonable to assume that people who

Profit maximisation rate model, critically analyze the applicability of the...

critically analyze the applicability of the Marris model in the beverage manufacturing company

How does culture influence the development process, How does culture influe...

How does culture influence the development process? Culture influences what is of value into a society and affects how individuals, communities and organisations react to modi

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