Quantitative method, Mathematics

Assignment Help:

Year

1

2

3

4

5

6

7

8

9

10

Corn revenue

40

44

46

48

52

58

60

68

74

80

fertilizer

6

10

12

14

16

18

22

24

26

32

 The forecasting approach falls into qualitative and quantitative methods.

Quantitative method is divided into causal method and trend projection. Please select at least 2 appropriate models from quantitative method to generate a forecasting model for the above data.

Based on your model to forecast the corn revenue in year 11 if (a) fertilizer input in year 11 is 36 and (b) no fertilizer input is given and assuming the inflation rate is 5% per year.(Inflation assumption is applied to Part (b) only).

Explain your proposed models, interpret your results, and specify the limitations critically.                                             


 


Related Discussions:- Quantitative method

Derivatives with chain rule, Chain Rule : We've seen many derivatives...

Chain Rule : We've seen many derivatives.  However, they have all been functions similar to the following kinds of functions. R ( z ) = √z      f (t ) = t 50

What percentage of the soda purchased was cola, 3/5 of the soda purchased a...

3/5 of the soda purchased at the football game was cola. What percentage of the soda purchased was cola? Change the fraction to a decimal through dividing the numerator through

Probability, One coin is tossed thrice. what will be the probability of get...

One coin is tossed thrice. what will be the probability of getting neither 3 heads nor 3 tails

Explain polynomials, P OLYNOMIALS : It is  not  once  nor  twice  b...

P OLYNOMIALS : It is  not  once  nor  twice  but  times  without  number  that the  same ideas make  their  appearance in the  world. 1.  Find the value for K for which

Difererntial equation, Ask queFind the normalized differential equation whi...

Ask queFind the normalized differential equation which has {x, xex} as its fundamental setstion #Minimum 100 words accepted#

Numeros naturales., Averigua que nùmero de cinco cifras se esconde detras d...

Averigua que nùmero de cinco cifras se esconde detras de las pistas dadas La cifra de las unidades es par, mayor que 6 y coincide con las decenas de mil. La cifra de las decenas se

Markov chain, The Video Club Martin rents movies at "regular price" andat ...

The Video Club Martin rents movies at "regular price" andat "half price". Usually if the films are regularly priced one day, they will be at regular price the next day with probab

Diffrence between integers and rational numbers, Q. Give basic Diffrence be...

Q. Give basic Diffrence between Integers and Rational Numbers? Ans. Integers The integers are positive and negative whole numbers. The integers are closed under ad

TRIGONOMETRY, EXPLAIN ME ABOUT ITS FUNCTIONS.

EXPLAIN ME ABOUT ITS FUNCTIONS.

Write Your Message!

Captcha
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