Consider the following gasoline sales time series. If needed, round your answers to two-decimal digits.
| Week | Sales (1,000s of gallons) |
| 1 | 17 |
| 2 | 21 |
| 3 | 19 |
| 4 | 23 |
| 5 | 18 |
| 6 | 16 |
| 7 | 20 |
| 8 | 18 |
| 9 | 22 |
| 10 | 20 |
| 11 | 15 |
| 12 | 22 |
| (a) | Show the exponential smoothing forecasts using α = 0.1, and α = 0.2. | |||||||||
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| (b) | Applying the MSE measure of forecast accuracy, would you prefer a smoothing constant of α = 0.1 or α = 0.2 for the gasoline sales time series? | |||||||||
| An - Select your answer -α = 0.1 / α = 0.2 smoothing constant provides the more accurate forecast, with an overall MSE of . | ||||||||||
| (c) | Are the results the same if you apply MAE as the measure of accuracy? | |||||||||
| An - Select your answer -α = 0.1 / α = 0.2 smoothing constant provides the more accurate forecast, with an overall MAE of . | ||||||||||
| (d) | What are the results if MAPE is used? | |||||||||
| An - Select your answer -α = 0.1α = 0.2 smoothing constant provides the more accurate forecast, with an overall MAPE of . | ||||||||||
In: Statistics and Probability
As in the previous question: Quantity demanded for good A is given by the following:
Q(A) = 100 - 0.2P(A) - 0.1P(B)-0.5Y,
where P(A) is the price of good A, P(B) is the price of good B, and Y is consumer income.
What is the cross price elasticity of demand for good A with respect to a change in the price of good B when Q(A)=2 and P(B)=4?
Question 7 options:
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E=-0.2*P(B)/Q(A)= -0.2*4/2 |
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E=-0.2* Q(A)/ P(B)= -0.2*2/4 |
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E=-0.1* Q(A)/ P(B)= -0.1*2/4 |
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E=-0.1*P(B)/Q(A)= -0.1*4/2 |
As in the previous question: Quantity demanded for good A is given by the following:
Q(A) = 100 - 0.2P(A) - 0.1P(B)-0.5Y,
where P(A) is the price of good A, P(B) is the price of good B, and Y is consumer income.
Suppose Q(A)=2 and P(B)=4. If the price of good B is projected to increase by 10%, by how much will demand for good A change?
Question 8 options:
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-0.2% |
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-2% |
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+20% |
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+0.2% |
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-20% |
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+2% |
In: Economics
R.A.T.-Create Your Own Water Park Apply your knowledge of polynomial functions to create a water park, with 6 waterslides - one for under 6 years old (highest point at least 5m above ground) two for ages 6 to 12 (highest point at least 10m above ground) three for over age 12 (highest point at least 20 m above ground)
A Create a polynomial equation for each waterslide. Show all of your work. The waterslide must begin at the y axis and the x axis must represent the ground. For each function, write the original function in factored form, then explain the transformations that were performed, in order to obtain the model function.
B. Graph (and print) each function using desmos. State the domain and range of each function.
C. Choose one of your waterslides and determine the interval(s) in which the height of the ride was above 3m. Explain your method.
D. Choose one of the waterslides for ages 12 and up and state the interval (from peak to trough) where the waterslide is steepest. Then determine the average rate of change for that interval (by using the equation). Next, determine the instantaneous rate of change at the point in the interval when the person is moving the quickest. Interpret the meaning of these numbers. Note: the maximum steepness of a ride should not exceed 4:1, rise to run. The waterslide should be decelerating as it comes to a stop.
In: Advanced Math
How to tokenize a string date of
format dd/mm/yyyy into
day,month and year without using built in function of strok() or
any other built in function in C++ (without classes).
Kindly help Please .
In: Computer Science
Concur Technologies, Inc., is a large expense-management company located in Redmond, Washington. The Wall Street Journal asked Concur to examine the data from 8.3 million expense reports to provide insights regarding business travel expenses. Their analysis of the data showed that New York was the most expensive city, with an average daily hotel room rate of $198 and an average amount spent on entertainment, including group meals and tickets for shows, sports, and other events, of $172. In comparison, the U.S. averages for these two categories were $89 for the room rate and $99 for entertainment. The table in the Excel Online file below shows the average daily hotel room rate and the amount spent on entertainment for a random sample of 9 of the 25 most visited U.S. cities (The Wall Street Journal, August 18, 2011). Construct a spreadsheet to answer the following questions.
| City | Hotel Room Rate ($) | Entertainment ($) |
| Boston | 152 | 159 |
| Denver | 99 | 107 |
| Nashville | 88 | 101 |
| New Orleans | 106 | 142 |
| Phoenix | 90 | 98 |
| San Diego | 103 | 121 |
| San Francisco | 138 | 166 |
| San Jose | 88 | 139 |
| Tampa | 81 | 99 |
What does the scatter diagram developed in part (a) indicate about the relationship between the two variables?
The scatter diagram indicates a _________ linear relationship between the hotel room rate and the amount spent on entertainment.
Develop the least squares estimated regression equation.
Entertainment=______+_________ room rate (to 4 decimals)
Provide an interpretation for the slope of the estimated regression equation (to 3 decimals).
The slope of the estimated regression line is approximately . So, for every dollar _________ in the hotel room rate the amount spent on entertainment increases by $.
The average room rate in Chicago is $128, considerably higher than the U.S. average. Predict the entertainment expense per day for Chicago (to whole number).
$
In: Statistics and Probability
Concur Technologies, Inc., is a large expense-management company located in Redmond, Washington. The Wall Street Journal asked Concur to examine the data from 8.3 million expense reports to provide insights regarding business travel expenses. Their analysis of the data showed that New York was the most expensive city, with an average daily hotel room rate of $198 and an average amount spent on entertainment, including group meals and tickets for shows, sports, and other events, of $172. In comparison, the U.S. averages for these two categories were $89 for the room rate and $99 for entertainment. The table in the Excel Online file below shows the average daily hotel room rate and the amount spent on entertainment for a random sample of 9 of the 25 most visited U.S. cities (The Wall Street Journal, August 18, 2011). Construct a spreadsheet to answer the following questions.
| City | Hotel Room Rate ($) | Entertainment ($) |
| Boston | 144 | 163 |
| Denver | 100 | 104 |
| Nashville | 93 | 102 |
| New Orleans | 111 | 140 |
| Phoenix | 89 | 100 |
| San Diego | 105 | 121 |
| San Francisco | 134 | 165 |
| San Jose | 87 | 140 |
| Tampa | 82 | 97 |
What does the scatter diagram developed in part (a) indicate about the relationship between the two variables?
The scatter diagram indicates a _________negativepositive linear relationship between the hotel room rate and the amount spent on entertainment.
Develop the least squares estimated regression equation.
(to 4 decimals)
Provide an interpretation for the slope of the estimated regression equation (to 3 decimals).
The slope of the estimated regression line is approximately . So, for every dollar _________increasedecrease in the hotel room rate the amount spent on entertainment increases by $.
The average room rate in Chicago is $128, considerably higher than the U.S. average. Predict the entertainment expense per day for Chicago (to whole number).
In: Economics
Case Study
Terror at the Taj Bombay: Customer-Centric Leadership
The night of November 26, 2008, 10 armed individuals from the terrorist group Lashkar-e-Taiba (Army of the Righteous) entered the western-Indian city of Mumbai (formerly Bombay) to attack pre-determined locations, including the Taj MahalPalace and Tower (Taj Bombay). Over three nights and two days, terrorists killed 159 people and wounded 211 across the city. Of these, 34 people died and 28 were injured during the three-day siege of the Taj Bombay. The attacks, which became known in India as “26/11”, had a dramatic and lasting impact on the Indian national psyche.
However, the Taj Bombay received praise in the aftermath of the attach- specifically from hotel guests-for the quick-thinking actions of hotel staff to ensure the safety of hotel guests at the expense of their own personal safety. In addition to managing the emotional and psychological challenges of moving forward after the loss of employees and extensive physical da1nage to the hotel, senior executives wondered if the Taj brand would survive. Images of the Taj Bombay under attack were reprinted in newspapers and shown on television news stations worldwide. Executives had to decide when -and if -to re-open the hotel, whether to continue to use the Taj brand name, and what message to send out to consumers. The risk was to be viewed as insensitive by either avoiding the tragedy completely in their messages to the public or being seen as taking advantage of public sympathy in talking about the tragedy, and in deciding the right time to return to "business as usual" at the Taj Bombay.
In: Operations Management
Please calculate the ratios for 2017 from the following information:
| 2017 | 2016 | 2015 | Industry Standard | |
| Quick Ratio | 2.2 | 2.8 | 1.75 | |
| Gross Margin | 0.55 | 0.7 | 0.7 | |
| Net Margin | 0.22 | 0.32 | 0.24 | |
| Return on Equity | 0.9 | 0.78 | 0.8 |
| Peyton Approved | ||||||||
| Balance Sheet | ||||||||
| As of December 31, 2017 | ||||||||
| Assets | Liabilities and Owners' Equity | |||||||
| Current Assets: | Current Liabilities: | |||||||
| Cash | 64,713.72 | Accounts Payable | 27,325.00 | |||||
| Baking Supplies | 27,850.00 | Wages Payable | 1,468.75 | |||||
| Merchandise Inventory (FIFO) | 25,750.00 | Interest Payable | 22,800.00 | |||||
| Prepaid Rent | 7,500.00 | Total Current Liabilities | 51,593.75 | |||||
| Prepaid Insurance | 400.00 | |||||||
| Office Supplies | 250.00 | Long Term Liabilities: | ||||||
| Accounts Receivable | 30,401.00 | Notes Payable | 21,000.00 | |||||
| Total Current Assets | 156,864.72 | Loans Payable | 10,000.00 | |||||
| Total Long Term Liabilities: | 31,000.00 | |||||||
| Total Liabilities: | 82,593.75 | |||||||
| Long Term/Fixed Assets: | ||||||||
| Baking Equipment | 17,000.00 | Common Stock | 30,000.00 | |||||
| Accumulated Depreciation | 5,928.58 | Retained Earnings | 63,642.39 | |||||
| 11,071.42 | ||||||||
| Leasehold Improvements | 10,000.00 | Total Equity | 93,642.39 | |||||
| Accumulated Amortization | 4,000.00 | 6,000.00 | ||||||
| Trademark | 2,300.00 | |||||||
| Total Assets: | 176,236.14 | Total Liabilities & Equity |
176,236.14 |
|||||
| Peyton Approved | ||||
| Statement of Retained Earnings | ||||
| For Year Ending 12/31/2017 | ||||
| Beginning Balance: | - | |||
| plus Net Income | 83,642.00 | |||
| less Dividends: | 20,000.00 | |||
| Ending Balance: | 63,642.00 | |||
| Peyton Approved | ||||
| Income Statement | ||||
| For Year Ending 12/31/2017 | ||||
| Bakery Sales | $ 335,675.00 | |||
| Merchandise Sales | $ 35,200.00 | |||
| Total Revenues | 370,875.00 | |||
| Merchandise Cost of Goods Sold (FIFO) | 15,760.00 | |||
| Baking Cost of Goods Sold | 137,400.00 | |||
| Gross Profit | 217,715.00 | |||
| Operating Expenses: | ||||
| Rent Expense | 90,000.00 | |||
| Interest Expense | 1,468.75 | |||
| Insurance Expense | 2,000.00 | |||
| Depreciation Expense | 2,642.86 | |||
| Amortization Expense | 2,000.00 | |||
| Misc. Expense | 2,780.00 | |||
| Office Supplies Expense | 1,350.00 | |||
| Business License Expense | 375.00 | |||
| Advertising Expense | 5,200.00 | |||
| Wages Expense | 22,800.00 | |||
| Telephone Expense | 3,456.00 | |||
| Total Operating Expenses: | 134,072.61 | |||
| Net Income | 83,642.39 | |||
In: Accounting
How do you calculate the cost of debt of each division(Food processing and instruments) for chestnut using proxy companies in same industry.
| Exhibit 14.4 Finiancial Data for Industry Comparables, December 2013 (dollar figures in millions) | ||||||||
| S&P Bond | Total Equity | Total Equity | ||||||
| Equity Beta | Rating | Total Debt | (Book value) | (Market Value) | ||||
| Chestnut Foods | 0.9 | A- | 461 | 1,544 | 1,840 | |||
| Food Processing Industry | ||||||||
| Boulder Brands | 0.55 | B+ | 298 | 355 | 958 | |||
| Campbell Soups | 0.6 | BBB+ | 4,832 | 1,349 | 13,223 | |||
| ConAgra Foods | 0.7 | BBB- | 9,590 | 5,472 | 13,805 | |||
| Diamond Foods | 0.75 | B- | 593 | 167 | 578 | |||
| Flower Foods | 0.5 | BBB- | 923 | 1,076 | 4,429 | |||
| General Mills | 0.55 | BBB+ | 8,645 | 6,633 | 31,245 | |||
| Hormel Foods | 0.65 | A | 250 | 3,311 | 11,759 | |||
| Kellogg | 0.6 | BBB+ | 7,358 | 3,545 | 21,841 | |||
| J. M. Smucker | 0.7 | BBB+ | 2,241 | 5,168 | 10,904 | |||
| Tyson Foods | 0.8 | BBB | 1,942 | 6,285 | 11,469 | |||
| Average | ||||||||
| Instruments Industry | ||||||||
| Badger Meter | 1.06 | BBB- | 89 | 197 | 723 | |||
| Dresser-Rand | 1.4 | BB | 1,287 | 1,297 | 4,549 | |||
| Flowserve | 1.3 | BBB- | 1,200 | 1,870 | 10,767 | |||
| Honeywell | 1.25 | A | 8,829 | 17,467 | 74,330 | |||
| Idex | 1.15 | BBB | 774 | 1,573 | 5,933 | |||
| Measurement Specialties | 1.35 | BBB* | 129 | 331 | 944 | |||
| Mettler-Toledo | 1.1 | A* | 413 | 935 | 7,154 | |||
| Wendell Instruments | 0.52 | NA | 0 | 98 | 230 |
| Exhibit 14.3 Capital Market Date, December 2013 | ||||
| Yield | ||||
| 30-day Treasury Bill | 0.1% | |||
| 10-year Treasury Bill | 2.8% | |||
| 10-Year Corporate Bonds | ||||
| of Industrial Companies | ||||
| AAA | 2.8% | |||
| AA | 2.9% | |||
| A+ | 3.2% | |||
| A | 3.3% | |||
| A- | 3.5% | |||
| BBB+ | 3.8% | |||
| BBB | 4.1% | |||
| BBB- | 4.6% | |||
| BB+ | 5.8% | |||
| BB | 6.5% | |||
| BB- | 6.5% | |||
| B+ | 6.8% | |||
| B | 8.4% | |||
| B- | 9.0% | |||
| Historical Market Risk Premium | ||||
| (Equity Market Index | ||||
| Less Government Debt) | 6.0% |
In: Finance
Ivanka Trump after moving to Pakisatan and has purchase PC hotel Karachi in November 2020 and renamed it Ivayana. The hotel is a 5 star luxury hotel consisting of 100 single rooms 70 double rooms and 40 Suites. The average night stay in a single room costs Rs 8000. Double bed cost Rs 19000 and suite costs Rs 35000. On average 70 single rooms, 60 double rooms and 35 suites are occupied. Besides, there are 4 ball rooms. The ball rooms are always available for booking but they only get booked on Saturdays and Sundays. Each ball room has capacity of 300 people and rental charged for each booking is RS 130,000. 10 Rooms in each category are paid by credit card. The payment is received a week later. 50% amount related to ball room are received in same month and 50% in next month. The rental charge for ball rooms was Rs 100,000 in 2020. The charge for rooms has not changes since last year and have remained same. The hotel is charged local tax of Rs 5000 each week which is paid in the same month. The hotel has a staff of 150 people. 30 kitchen staff which receive 18% of the amount received againts the bill charged for the meals. On average the kitchen staff receive 90 orders for meal with the average billing of Rs 8000 per meal. the amount of meals billed is immediately collected and the kitchen staff is paid in the 1st week of next month. The room service and the janitorial satff are 40 which are paid Rs 18000/month at last day of same month. 10 is the num of other lower staff for misc services and they are paid 15000/month at last day of same month. The remainig 20 are the senior executive staff, their remuniration details are not shared. The hotel is powered by solar panels and the, its maintenance is outsourced to a company solarex, they charge Rs 200,000 quarterly, which is paid in 2 installments. 50% is paid in the 1st month of quarter and the rest is paid in the last month of quarter. The opening cash in hand was Rs 100,000.
Prepare Cash budget for the 1st quarter of 2021. (PLO 2.1, CLO 1) 13 marks
Hint: Consider reviewing the actual calendar for 2021.
In: Finance