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Information covering the most recent thirty days are given in the following table for the rate per gallon of regular gasoline at a local station.Day Price Day Price1 2.53 16 2.462 2.35 17 2.603 1.91 18 2.104 2.20 19 2.015 1.77 20 2.146 3.26 21 2.037 1.63 22 2.688 2.73 23 2.599 2.41 24 2.9910 2.72 25 2.9411 2.87 26 1.7712 1.49 27 2.6213 2.92 28 3.1914 3.53 29 3.0115 2.74 30 2.10a. Compute a forecast for the next day's price by using a 3-day moving average. What is the forecast? What is the MSE for the last five observations?b. Can you reduce the MSE for the last five observations by changing the moving average window (try 4-to10-day windows)?c. Compute a forecast for the next day's price by using exponential smoothing with a=0.25 What is the forecast? What is the MSE for the last five observations?d. Can you improve the MSE for the last five observations by changing the smoothing constant a?
When the Euro was 1st issued it hit the market at $1.17/ on 1 Jan 2001. Calculate the Euro price of the dollar when the Euro debuted?
Consumer Products Corporation is a United States regional consumer products firm located in Phoenix, Arizona. The firm produces and distributes a small line of customer products to retailers in major western cities including Los Angeles,
Questions based on International Business
The other significant indicator in international trade is balance of payments. Summarize your understanding of microeconomic and macroeconomic theory in a discussion of balance of payments
Given an hour of production, Norway can manufacture ten cars and twenty trucks and Costa Rica can manufacture five cars and fifteen trucks.
Describe some models that forecast the effect that reducing protection Tariffs will have on factor prices Labour and capital.
In the value process, the estimation of the has historically been somewhat neglected in relation to the other steps in the process.
The government has 3-bureaues that predict the impact of legislation and information so administration and Congress can make rule.
Its the spring of 2002. You are an economist on President Bush's council of economic advisors. Congress is considering legislation, called the "2002 Farm Bill," that would increase subsidies to US farmers.
A company that produces T-shirts and sells its items in a perfectly competitive market. The manager forecasts the wholesale value of T-shirts next year to be $7.00.
National Products Company participates in a highly competitive industry. In order to meet this competition and to get profit goals, the corporation has chosen the decentralized form of organization.
In 1981, the United State negotiated a contract with the Japanese. The contract called for Japanese auto firms to limit exports to the United State.
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