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

Determine the rate of labour productivity growth, 1) Between mid 2008 and m...

1) Between mid 2008 and mid 2009 measured RGDP in the economy fell by 3.8% as the US economy sank into a recession. Over that same time period total employment in terms of hours wo

Market analysis, The Australian government administers two programs that af...

The Australian government administers two programs that affect the market for cigarettes. First, media campaigns and labelling requirements aimed at making public aware of the dan

Controlling the supply of money, This is concerned with any one of the foll...

This is concerned with any one of the following forms. controlling the supply of money controlling interest rates Rationing the amount of credit granted by banks

Opportunity cost and sunk cost, as mention above, the physical demand for g...

as mention above, the physical demand for gold rises in india during late summer and the beginning of fall.what situation occurs at the end of the year?

Economic growth and its potential benefits to the economy, QUESTION ...

QUESTION Evaluate the roles and functions of the Bank of Mauritius in ensuring monetary stability in the economy. Explain Economic growth and its potential benefits to th

Analyse the monetary policy called inflation targeting, Question 1: (a)...

Question 1: (a) "Money demand is inversely related to interest rates and is stable over time." Discuss the theoretical and empirical validity of this statement. (i) Analyse

Does economic growth automatically reduce poverty, Does economic growth aut...

Does economic growth automatically reduce poverty? Growth implies more goods and services are obtainable to satisfy more wants and requirements. But the benefits of growth may

Supply and demand, how can I show the supply and demand of internet hubs?

how can I show the supply and demand of internet hubs?

Capital income and capital expenditure, Task 1 Your line manager has as...

Task 1 Your line manager has asked you what you think the accounting department's role is in relation to the organisation. In your group, discuss the main purpose of accounti

Demand forecasting, despite of pitfalls forecastimg is indispensable to a ...

despite of pitfalls forecastimg is indispensable to a business firm.discuss the importance of forecasting in light of this statment

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