Judgmental forecasts for labor demand and labor supply

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1. Discuss the costs and benefits associated with statistical versus judgmental forecasts for labor demand and labor supply. Under what conditions might either of these techniques be infeasible? Under what conditions might both be feasible, but one more desirable than the other? Explain.

2. Please solve using MS Excel. A parking garage has a capital investment cost of $2.1 million (not including land). One year later $1.2 million will be spent on finishing work on the garage. It will cost $2 million to tear down and dispose of the garage at the end of its 25-year useful life. If the MARR is 25% per year, what is the capital recovery cost of the garage?

Reference no: EM132293731

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