Should your division be using moving average, weighted average, or exponential smoothing in forecasting calculations? Why?
What are some sources of forecast errors?
What is a control chart, and what is the benefit to using them for forecasting errors?
What are aggregate capacity requirements, and how could they be applied?
The question asked that suppose that the Organization of Petroleum Exporting Countries raises oil prices by 50 percent in 2005. What effect will thishave on the U.S. Aggregate demand curve? On the U.S. Short-run aggregate supply curve?
Develop and justify a forecasting method taking into consideration seasonal trends, stability for repeat customers and anticipating growth of repetitive customers. Then forecast aggregate demand for 2008 using the following sales (in thousands):
Month 2003 2004 2005 2006 2007
Jan 2 3
Suppose banks install automatic teller machines on every block and, by making cash readily available, reduce the amount of money people want to hold.
a. Assume the Fed does not change the money supply. According to the theory of liquidity preference, what happens to the interest rate? What happens to the aggregate demand?
John S has developed the following forecasting model
y=36+4.3X 1 (lower case 1)
where y = demand for k10 air conditioners
X1= outside temperature in ( F )
(a) forecast the demand for k10 when the temp is 70 degrees F
(b) what is the demand for 80 degrees F
(c) what is the demand for 90 degrees F
I am trying to understand shifts in the aggregate supply and demand curves.
What happens to aggregate demand and aggregate supply when a tax is raised or imposed? Which direction to they shift and why?
The following data summarizes the historical demand for a product.
Month Actual demand
Use a four period moving average and determine the forecasted demand for August.
Put your answer in the form xx.x with no additional numbers or symbols.
Please help with the answer to this question.
Elasticity can be defined as percentage change in demand for a 1% change in decision attribute. For linear aggregate demand, what is the mathematical representation/formula for this statement? You must define the parameters you choose to use for this answer. ____