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Identify two business situations or problems within your current organization or industry. Articulate how one of these lends itself to a simple linear regression and how one does not. Why is simple linear regression appropriate to address one situation or problem but not the other? Support your ideas with evidence from the readings. For the education industry- Example that can be used Tryouts for sports- more try out than expected Drop out rates
Loadstar Sensors is a company that makes load force sensors based on capacitive sensing technology. The company wants to have $47 million for a plant expansion 6 years from now.
Under what supply and demand conditions would an excise tax create a large incidence of the tax on suppliers and a small incidence of the tax on consumers? Explain how this works.
Consider the Golden Rule level of capital. Suppose a country found out that they are overcapitalized, that is their current steady-state capital stock per worker is greater than the Golden Rule level. What does that imply for their level of MPK relat..
Consider the market for an Italian cookbook. Demand for the Italian cookbook is equal to QD = 3500 – 50P1 – 200P2 Where P1 = price of the Italian cookbook and P2 = price of bottled olive oil The supply of the Italian cookbook is equal to QS = 150P1 -..
Assume that the country is in a period of high unemployment, interest rates are at almost zero, inflation is about 2% per year, and GDP growth is less than 2% per year. Suggest how fiscal and monetary policy can move those numbers to an acceptable le..
Presto Products, Inc., recently introduced an innovative new frozen dessert maker with the following cost relations: TC = $100,000 - $1,500Q + $0.1Q2. Calculate the total cost minimizing activity output (Q). Calculate the average cost minimizing acti..
The economy of Alpha can be decribed by the Solow growth model. The following are some characteristics of the Alpha economy: What is the steady-state growth rate of output per worker in Alpha? What is the steady- state growth rate of total output in ..
Explain how the reduction in supply from the reduced fishing waters will either increase or decrease consumer surplus and producer surplus.
The graph below shows the demand and supply curves of the market for gasoline as well as the wedge that the tax creates. Explain how much is the total tax revenue.
Assume you just finished your third plateful of Thanks giving dinner also it yielded zero units of additional satisfaction.
Plot the forecasts against the realizations. Are the forecasts good?
Suppose that the market for alcohol in a large metropolitan area, the local government is concerned about the number of DUI’s and has decided to impose a sin tax on alcohol sales. If demand in this market is inelastic and supply is elastic, what woul..
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