Describe forecasting methods using in real-life

Assignment Help Basic Statistics
Reference no: EM13121636

Choose one of the forecasting methods and explain the rationale behind using it in real-life. Describe how a domestic fast food chain with plans for expanding into China would be able to use a forecasting model.

Reference no: EM13121636

Questions Cloud

What is the equilibrium price and quantity of coffee : The quantity of coffee demanded Qd depends on the price of coffee Pc and the price of tea Pt the quantity of coffee supplied Qs depends on the price of coffee Pc and the price of electricity P e .
Why is this a useful property of the trp repressor : What would happen to the regulation of the tryptophan biosynthesis enzymes in cells that express a mutant form of Trp repressor that (i) cannot bind to DNA or (II) binds to DNA even if no tryptophan is bound to it?
Calculate [h+], [oh -], and the ph for this solution : A solution is prepared by mixing 63.0 mL of 5.00 M HCl and 20.0 mL of 8.00 M HNO3. Water is then added until the final volume is 1.00 L. Calculate [H+], [OH -], and the pH for this solution.
Explain how should the grantee enterprise fund statement : At the end of the first fiscal year, $3,000,000 has been spent on the project. $1,500,000 has been collected from the grantor. Explain how should the grantee's Enterprise Fund statement of cash flows report the cash inflows?
Describe forecasting methods using in real-life : Describe how a domestic fast food chain with plans for expanding into China would be able to use a forecasting model.
What consequences would the presence of such a mutant trna : What consequences would the presence of such a mutant tRNA have for the translation of the normal genes in this cell?
Allowance method to account for bad debts : Management uses the allowance method to account for bad debts and believe that ultimately that 5% of the year-end balance in Accounts Receivable will not be collected.
Calculate the amount stansfield should report as net cash : Calculate the amount Stansfield should report as net cash provided (used) by financing activities in its 2010 statement of cash flows. (Enter amount as positive.)
Why is it advantageous of an organism to be diploid : Why is it advantageous of an organism to be diploid? Why is it a disadvantage to a geneticist who might wish to study the organism? Why is it advantageous for a diploid organism to produce haploid gametes in order to reproduce itself?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Estimation of confidence interval for r-square

If we want to increase our confidence level from 95% to 99%, what happens to our confidence interval?

  Hyopthesis testing of single- and dual-earner couples

A recent study compared the time spent together by single- and dual-earner couples. According to the records kept by the wives during the study, the mean amount of time spent together watching television among the single-earner couples

  Bond interest rates-excel formulas

Make three-month and four-month moving averages for this time series. Does the three-month or four month moving average provide the better forecast? Explain.

  P-value of the test statistic

What is the value of the sample test statistic? (Round your answer to two decimal places.) Find the P-value of the test statistic. (Round your answer to four decimal places.)

  Determining mutually exclusive events

Events A and B are mutually exclusive events defined on common sample space. If P (A) 0.5 and P (A or B) = 0.70, determine P (B).

  Breakdown of responses by gender of respondents

A study was recently done in which 500 people were asked to point out their choices for one of three products. Following table illustrates the breakdown of responses by gender of the respondents.

  What percentage of workers who earn more

If the standard deviation is $11,200, what can you say about the percentage of these workers who earn how likely is it that someone earns more than $100,000?

  Conclusion that the mean weight is greater

At the 5 percent level of significance, can we conclude that the mean weight is greater than 16 ounces? Determine the p-value.

  Probability of selecting a class

A Statistic professsor plans classes so carefully that the lenths of her classes are uniformly distributed between 46.0 and 56.0 minutes. Find the probability that a given class runs less than 51.5 minutes. Find the probability of selecting a clas..

  Two variables that are likely to be correlated

What is an example of two variables that are likely to be correlated because they are both changing over time?

  Problem regarding chebyshev theorem

According to Chebyshev's Theorem, how many students scored between 23 and 95?

  Chi-square test and significance of correlation

What is our decision regarding the differences between the observed and expected frequencies if the critical value of chi-square is 9.488 and the computed value is 6.079?

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