Determining mape and mad, Senior Management at Esil

Determining mape and mad

Reference no: EM13124269

Senior Management at Esil University believes that decreases in the number of undergraduate applications that they have experienced are directly related to tuition increases. They have collected the following enrollment and tuition fees data for the past decade:

Year: Undergraduate Applications: Annual Tuition Fees(GBP)

1 6,050 3,600

2 4,060 3,600

3 5,200 4,000

4 4,410 4,400

5 4,380 4,500

6 4,160 5,700

7 3,560 6,000

8 2,970 6,000

9 3,280 7,500

10 3,430 8,000

Problem:

a) Develop a linear regression model for these data and forecast the number of applications for Esil University if tuition fees increase to 9000 gbp per year and if tuition fees are lowered to 7000 gbp per year.

b) Determine the strength of the linear relationship between undergraduate applications ad tuition fees by using correlation.

c) Describe the various decisions for Esil University that would be affected by the forecast for undergraduate applications.

d) Develop an exponential smoothing model with a=0.20 for these data to forecast undergraduate applications in year 11 and compare its accuracy to the forecast developed in part a).

Reference no: EM13124269

Questions Cloud

Solve differentiation and linear spaces : Linear Mappings, Differentiation and Linear Spaces, If l is a nonzero scalar linear function on linear space X (which may be finite or infinite) and a is an arbitrary scalar, there exists a vector x in X st l(x)=a

Calculate the gain or loss to giffin from restructuring : Prepare the journal entry on Ludwig 's books to record the restructuring of this debt. Calculate the gain or loss to Giffin Co. from restructuring of its receivable from Ludwig.

Prepare the journal entry to record sale : Columbia Corp held 1,500 of Vianco common stock with a cpst of $74,387. These shares were classified as a long term available-for-sale investment. It sold the shares on December 31st for $55,275. Prepare the journal entry to record this sale.

Solve mappings and dimensional spaces : Linear Spaces, Mappings and Dimensional Spaces, 1) Show that if dim X = 1 and T belongs to L(X,X), there exists k in K st Tx=kx for all x in X.

Determining mape and mad : Senior Management at Esil University believes that decreases in the number of undergraduate applications that they have experienced are directly related to tuition increases.

Shares of common stock outstanding : Farah Snack Co. has earnings after taxes of $150,000. Interest expense for the year was $20,000; preferred dividends paid were $20,000; and common dividends paid were $30,000. Taxes were $22,500. The firm has 100,000 shares of common stock outstan..

Calculate work done (in kj) : Calculate w (in kJ) when 265 g iron (III) oxide (MM = 159.7 g/mol) reacts with excess carbon to produce carbon dioxide gas at 358 K

Determine the tax consequences of the redemption : Determine the tax consequences of the redemption to Tammy and to Broadbill under the following independent circumstances.

Answer the short question on world class : answer the questions in the file 1. Define open and closed word classes, and identify two of each [for English]. 2. Explain the difference between descriptive and prescriptive grammar.

User Account

All Pages