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

Shares and dividends, at what price a 6.25%rs 100 share be quoted when the ...

at what price a 6.25%rs 100 share be quoted when the money is worth 5%

Polynomials, On dividing p(X)=5x^(4)-4x^(3)+3x^(2)-2x+1 by g(x)=x^(2)+2 if ...

On dividing p(X)=5x^(4)-4x^(3)+3x^(2)-2x+1 by g(x)=x^(2)+2 if q(x)=ax^(2)+bx+c, find a,b and c.

Determine the approximate raw act score, Using the same mean and standard d...

Using the same mean and standard deviation as mean m = 20.1 and a standard deviation s = 5.8. Joe was informed that he scored at the 68 th percentile on the ACT, what was Joe's ap

Problem word solving, Mrs. Jones and Mr. Graham had the same amount of mone...

Mrs. Jones and Mr. Graham had the same amount of money at first. After Mrs. Jones bought a computer that cost $2,055, she had 1/4 as much money as Mr. Graham. How much money di

Prove that a tree with n vertices has n - 1 edges, Prove that A tree with n...

Prove that A tree with n vertices has (n - 1) edges.    Ans: From the definition of a tree a root comprise indegree zero and all other nodes comprise indegree one. There should

????? ???????, ???? ????? ??????? ?? ????? ??? ?? ????? ??????? ??????

???? ????? ??????? ?? ????? ??? ?? ????? ??????? ??????

Ellipse, How we find locus of the middle points of chord of an ellipse whic...

How we find locus of the middle points of chord of an ellipse which are drawn through the positive end of the minor axes

Activities to develop ability to classify, Let us now look at some activiti...

Let us now look at some activities that can be organised with preschoolers to develop their ability to classify. 1. You could start by giving children different materials to pla

If pth term of ap is q and qth term is p. p.t its nth term, If the p th te...

If the p th term of an AP is q and the q th term is p. P.T its n th term is (p+q-n). Ans:    APQ a p = q a q = p a n = ? a + (p-1) d = q a + (q-1) d = p

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